Thailand: Cyclic Hydrocarbons Market 2025

Cyclic Hydrocarbons Market Size in Thailand

In 2021, the Thai cyclic hydrocarbons market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Cyclic hydrocarbons consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Cyclic Hydrocarbons Production in Thailand

In value terms, cyclic hydrocarbons production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 38% against the previous year. Cyclic hydrocarbons production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports from Thailand

Cyclic hydrocarbons exports from Thailand skyrocketed to X tons in 2021, growing by 3,813% compared with the previous year. In general, exports recorded a noticeable increase. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports soared to $X in 2021. Overall, exports, however, recorded a deep setback. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons), Singapore (X tons) and Malaysia (X tons) were the main destinations of cyclic hydrocarbons exports from Thailand, together accounting for 92% of total exports. These countries were followed by India, which accounted for a further 8.4%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +202.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Singapore ($X) and Myanmar ($X) appeared to be the largest markets for cyclic hydrocarbons exported from Thailand worldwide, together comprising 85% of total exports.

India, with a CAGR of +172.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cyclic hydrocarbons export price amounted to $X per ton, with a decrease of -26.2% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 44%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+26.6%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclic Hydrocarbons Imports

Imports into Thailand

In 2021, after two years of decline, there was significant growth in overseas purchases of other cyclic hydrocarbons, when their volume increased by 79% to X tons. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cyclic hydrocarbons imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons), South Korea (X tons) and China (X tons) were the main suppliers of cyclic hydrocarbons imports to Thailand, with a combined 65% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +236.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), South Korea ($X) and China ($X) were the largest cyclic hydrocarbons suppliers to Thailand, with a combined 66% share of total imports.

Among the main suppliers, Singapore, with a CAGR of +196.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2021, with a decrease of -1.8% against the previous year. Overall, the import price showed a perceptible contraction. The pace of growth appeared the most rapid in 2019 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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