Thailand: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Thailand

The Thai market for polyethylene terephthalate and other polyethylene terephthalate in primary forms was estimated at less than $X in 2022, approximately reflecting the previous year. Over the period under review, consumption, however, recorded a noticeable contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Thailand

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to less than $X in 2022 estimated in export price. In general, production, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of 22%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Thailand

In 2016, shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -0.2% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 7.9%. As a result, the exports reached the peak of X tons. From 2014 to 2016, the growth of the exports of remained at a lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted dramatically to $X in 2016. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2013 when exports increased by 10% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2016, the growth of the exports of remained at a lower figure.

Exports by Country

Japan (X tons), Vietnam (X tons) and Australia (X tons) were the main destinations of exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Thailand, with a combined 67% share of total exports. The United States, the Philippines, Indonesia, Cambodia, China, Lao People's Democratic Republic, Cameroon and Turkey lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cameroon (with a CAGR of +122.2%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Vietnam ($X) and Australia ($X) appeared to be the largest markets for polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Thailand worldwide, together accounting for 68% of total exports. The United States, the Philippines, Indonesia, Cambodia, Lao People's Democratic Republic, Cameroon, Turkey and China lagged somewhat behind, together comprising a further 20%.

Cameroon, with a CAGR of +102.6%, 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 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, which is down by -15.1% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2013 when the average export price increased by 2.2% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2016, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-8.0%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Thailand

In 2016, after two years of decline, there was significant growth in purchases abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, when their volume increased by 63% to X tons. Overall, total imports indicated a prominent expansion from 2012 to 2016: its volume increased at an average annual rate of +6.7% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of reached the maximum at X tons in 2013; however, from 2014 to 2016, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2016. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2013 when imports increased by 110% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2016, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Thailand, together accounting for 66% of total imports. Japan, South Korea, India and Indonesia lagged somewhat behind, together comprising a further 31%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +176.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) were the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Thailand, with a combined 65% share of total imports. Malaysia, South Korea, India and Indonesia lagged somewhat behind, together accounting for a further 31%.

India, with a CAGR of +88.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2016, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, reducing by -11.6% against the previous year. In general, the import price faced a abrupt contraction. The growth pace was the most rapid in 2013 when the average import price increased by 47%. As a result, import price reached the peak level of $X per ton. From 2014 to 2016, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 2016, the most notable rate of growth in terms of prices was attained by Indonesia (-8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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