Thailand: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Thailand

In 2021, the Thai market for phthalic anhydride, terephthalic acid and its salts decreased by 0% to less than $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, recorded a drastic downturn. Phthalic anhydride and terephthalic acid consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Thailand

In value terms, phthalic anhydride and terephthalic acid production totaled $X in 2021 estimated in export price. Overall, production, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Thailand

In 2019, shipments abroad of phthalic anhydride, terephthalic acid and its salts increased by 0.6% to X tons, rising for the fourth year in a row after three years of decline. In general, exports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2016 with an increase of 10% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

In value terms, phthalic anhydride and terephthalic acid exports shrank to $X in 2019. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

India (X tons), Pakistan (X tons) and Vietnam (X tons) were the main destinations of phthalic anhydride and terephthalic acid exports from Thailand, with a combined 56% share of total exports. These countries were followed by China, South Africa, Egypt, Indonesia, Malaysia and Japan, which together accounted for a further 40%.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +95.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for phthalic anhydride and terephthalic acid exported from Thailand were India ($X), Pakistan ($X) and Vietnam ($X), with a combined 56% share of total exports. These countries were followed by China, South Africa, Egypt, Indonesia, Malaysia and Japan, which together accounted for a further 39%.

In terms of the main countries of destination, Egypt, with a CAGR of +80.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, which is down by -15.2% against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 29%. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2019, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per ton) and India ($X per ton), while the average price for exports to Indonesia ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-5.4%), while the prices for the other major destinations experienced a decline.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Thailand

In 2020, supplies from abroad of phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach X tons for the first time since 2016, thus ending a three-year declining trend. Overall, total imports indicated tangible growth from 2012 to 2020: its volume increased at an average annual rate of +3.8% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -24.7% against 2016 indices. Imports peaked at X tons in 2016; however, from 2017 to 2020, imports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid imports reduced remarkably to less than $X in 2020. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 18% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Hungary (X kg) constituted the largest phthalic anhydride and terephthalic acid supplier to Thailand, with a approx. less than 0.1% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of volume from Hungary was relatively modest.

From 2012 to 2020, the average annual growth rate of value from No country was relatively modest.

Import Prices by Country

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2019, with a decrease of -9.3% against the previous year. In general, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by China (-4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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