Report Update Nov 1, 2024

Thailand - P-Xylene - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: P-Xylene Market 2024

P-Xylene Market Size in Thailand

In 2021, the Thai p-xylene market increased by 40% to $X, rising for the fourth consecutive year after four years of decline. Over the period under review, consumption posted a resilient increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

P-Xylene Production in Thailand

In value terms, p-xylene production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2018 with an increase of 174% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

P-Xylene Exports

Exports from Thailand

For the third consecutive year, Thailand recorded decline in overseas shipments of p-xylene, which decreased by -32.1% to X tons in 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 121% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, p-xylene exports dropped modestly to $X in 2021. Overall, exports showed a deep slump. The growth pace was the most rapid in 2018 when exports increased by 176% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for p-xylene exports from Thailand, accounting for a 97% share of total exports. It was followed by Malaysia (X tons), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-4.4% per year) and Indonesia (-16.7% per year).

In value terms, China ($X) remains the key foreign market for p-xylene exports from Thailand, comprising 98% of total exports. The second position in the ranking was held by Malaysia ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-13.9% per year) and Indonesia (-24.8% per year).

Export Prices by Country

The average p-xylene export price stood at $X per ton in 2021, surging by 42% against the previous year. In general, the export price, however, saw a abrupt downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($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 China (-5.4%), while the prices for the other major destinations experienced a decline.

P-Xylene Imports

Imports into Thailand

In 2021, the amount of p-xylene imported into Thailand dropped dramatically to X tons, shrinking by -26.5% against the year before. In general, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2017 when imports increased by 115%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, p-xylene imports soared to $X in 2021. Over the period under review, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2017 with an increase of 135%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Kuwait (X tons), India (X tons) and Singapore (X tons) were the main suppliers of p-xylene imports to Thailand, together accounting for 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kuwait (with a CAGR of +242.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Kuwait ($X), India ($X) and Singapore ($X) constituted the largest p-xylene suppliers to Thailand, together comprising 89% of total imports.

Kuwait, with a CAGR of +527.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average p-xylene import price stood at $X per ton in 2021, increasing by 64% against the previous year. In general, the import price, however, continues to indicate a abrupt decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Malaysia ($X per ton) and Singapore ($X per ton), while the price for India ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+83.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for p-xylene in the world?

The countries with the highest volumes of in 2021 were China, South Korea and the United States, together comprising 40% of global consumption.

What are the largest producers of p-xylene in the world?

South Korea remains the largest p-xylene producing country worldwide, accounting for 21% of total volume. Moreover, p-xylene production in South Korea exceeded the figures recorded by the second-largest producer, Japan, threefold. The third position in this ranking was occupied by the United States, with an 8.5% share.

What are the leading suppliers of p-xylene to Thailand?

In value terms, Kuwait, India and Singapore appeared to be the largest p-xylene suppliers to Thailand, with a combined 89% share of total imports.

What are the leading importers of p-xylene from Thailand?

In value terms, China remains the key foreign market for p-xylene exports from Thailand, comprising 98% of total exports. The second position in the ranking was occupied by Malaysia, with a 1.5% share of total exports.

What is the average export price for p-xylene in Thailand?

In 2021, the average p-xylene export price amounted to $900 per ton, growing by 42% against the previous year.

What is the average import price for p-xylene in Thailand?

In 2021, the average p-xylene import price amounted to $906 per ton, surging by 63% against the previous year.

This report provides an in-depth analysis of the p-xylene market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141245 - p-Xylene

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023