Thailand: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Thailand

The Thai polyphenols and phenol-alcohols market expanded to $X in 2022, surging by 3.1% against the previous year. Overall, consumption, however, continues to indicate prominent growth. Polyphenols and phenol-alcohols consumption peaked in 2022 and is likely to continue growth in the near future.

Polyphenols And Phenol-Alcohols Production in Thailand

In value terms, polyphenols and phenol-alcohols production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 83%. Polyphenols and phenol-alcohols production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Polyphenols And Phenol-Alcohols Exports

Exports from Thailand

In 2022, overseas shipments of polyphenols and phenol-alcohols decreased by -60.2% to X tons, falling for the second year in a row after seven years of growth. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 1,486%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols exports surged to $X in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 1,067%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X tons), Vietnam (X tons) and Myanmar (X tons) were the main destinations of polyphenols and phenol-alcohols exports from Thailand, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +124.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X), Vietnam ($X) and Cambodia ($X) appeared to be the largest markets for polyphenols and phenol-alcohols exported from Thailand worldwide, together accounting for 98% of total exports.

Among the main countries of destination, Cambodia, with a CAGR of +127.4%, saw the highest growth rate of 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

The average polyphenols and phenol-alcohols export price stood at $X per ton in 2022, jumping by 201% against the previous year. Overall, the export price posted tangible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports into Thailand

In 2022, approx. X tons of polyphenols and phenol-alcohols were imported into Thailand; falling by -23.3% against the year before. Overall, imports saw a perceptible descent. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, polyphenols and phenol-alcohols imports shrank notably to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.9% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 48%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and India (X tons) were the main suppliers of polyphenols and phenol-alcohols imports to Thailand, together comprising 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +17.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and India ($X) appeared to be the largest polyphenols and phenol-alcohols suppliers to Thailand, with a combined 87% share of total imports.

In terms of the main suppliers, China, with a CAGR of +14.9%, 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 polyphenols and phenol-alcohols import price stood at $X per ton in 2022, increasing by 4.1% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols import price decreased by -7.8% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 44%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, 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 Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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