Thailand: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Thailand

The Thai saturated acyclic hydrocarbons market fell to $X in 2022, which is down by -8.2% against the previous year. In general, consumption showed a slight contraction. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Production in Thailand

In value terms, saturated acyclic hydrocarbons production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 35% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports from Thailand

After two years of growth, shipments abroad of saturated acyclic hydrocarbons decreased by -2.5% to X tons in 2022. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 81%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, saturated acyclic hydrocarbons exports surged to $X in 2022. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 81%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for saturated acyclic hydrocarbons exports from Thailand, accounting for a 55% share of total exports. Moreover, saturated acyclic hydrocarbons exports to Vietnam exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. The third position in this ranking was held by China (X tons), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam totaled +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+64.9% per year) and China (+36.9% per year).

In value terms, Vietnam ($X) remains the key foreign market for saturated acyclic hydrocarbons exports from Thailand, comprising 38% of total exports. The second position in the ranking was held by China ($X), with a 17% share of total exports. It was followed by the Philippines, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+35.1% per year) and the Philippines (+64.2% per year).

Export Prices by Country

The average saturated acyclic hydrocarbons export price stood at $X per ton in 2022, growing by 37% against the previous year. Over the period under review, the export price continues to indicate a noticeable expansion. The pace of growth was the most pronounced in 2018 an increase of 65% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Philippines ($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 India (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Saturated Acyclic Hydrocarbons Imports

Imports into Thailand

In 2022, after two years of decline, there was growth in purchases abroad of saturated acyclic hydrocarbons, when their volume increased by 1.7% to X tons. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 -19.1% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 38%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons imports surged to $X in 2022. The total import value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of saturated acyclic hydrocarbons to Thailand, accounting for a 52% share of total imports. Moreover, saturated acyclic hydrocarbons imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.1% per year) and South Korea (-1.3% per year).

In value terms, Japan ($X) constituted the largest supplier of saturated acyclic hydrocarbons to Thailand, comprising 39% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by the United States, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.2% per year) and the United States (+9.1% per year).

Import Prices by Country

The average saturated acyclic hydrocarbons import price stood at $X per ton in 2022, growing by 22% against the previous year. In general, the import price, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2020 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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