Thailand: Other Chemical Products Market 2024

Other Chemical Products Market Size in Thailand

The Thai other chemical products market totaled less than $X in 2022, approximately reflecting the previous year. Over the period under review, consumption showed a abrupt descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Other Chemical Products Production in Thailand

In value terms, other chemical products production totaled less than $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 6% against the previous year. Other chemical products production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Other Chemical Products Exports

Exports from Thailand

Other chemical products exports from Thailand soared to X tons in 2016, increasing by 26% against the previous year's figure. The total export volume increased at an average annual rate of +9.6% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products exports surged to $X in 2016. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2016; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons), Japan (X tons) and India (X tons) were the main destinations of other chemical products exports from Thailand, with a combined 44% share of total exports.

From 2012 to 2016, the biggest increases were recorded for India (with a CAGR of +55.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other chemical products exported from Thailand were Vietnam ($X), Japan ($X) and China ($X), with a combined 45% share of total exports. India, Indonesia, the United States, Taiwan (Chinese), South Africa, Australia, Malaysia, Egypt, Saudi Arabia and Pakistan lagged somewhat behind, together comprising a further 40%.

India, with a CAGR of +52.6%, saw the highest rates of growth with regard to the value of exports, among 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 other chemical products export price amounted to $X per ton, which is down by -1.9% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average export price decreased by -1.6% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2016, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2016, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Pakistan ($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 Malaysia (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Thailand

In 2016, supplies from abroad of other chemical products decreased by -0.9% to X tons, falling for the second consecutive year after three years of growth. The total import volume increased at an average annual rate of +2.9% from 2012 to 2016; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 24%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2016, imports remained at a lower figure.

In value terms, other chemical products imports reached $X in 2016. The total import value increased at an average annual rate of +7.1% from 2012 to 2016; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of 13% against the previous year. Over the period under review, imports attained the peak figure in 2016 and are likely to see gradual growth in years to come.

Imports by Country

In 2016, China (X tons) constituted the largest supplier of other chemical products to Thailand, with a 39% share of total imports. Moreover, other chemical products imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Australia (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+21.1% per year) and Australia (+87.6% per year).

In value terms, China ($X), Japan ($X) and the United States ($X) were the largest other chemical products suppliers to Thailand, with a combined 55% share of total imports. Germany, Singapore, Taiwan (Chinese), Malaysia, the UK, South Korea, India, Australia and Ireland lagged somewhat behind, together accounting for a further 34%.

Singapore, with a CAGR of +20.5%, saw the highest growth rate of 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 other chemical products import price amounted to $X per ton, increasing by 5.1% against the previous year. Over the period from 2012 to 2016, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2015 an increase of 15% against the previous year. The import price peaked in 2016 and is likely to see gradual growth in the near future.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the UK (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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