Thailand: Solid Biofuel Market 2025

Solid Biofuel Market Size in Thailand

The Thai solid biofuel market stood at $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Solid Biofuel Production in Thailand

In value terms, solid biofuel production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Solid Biofuel Exports

Exports from Thailand

After three years of decline, overseas shipments of solid biofuels increased by X% to X tons in 2022. Overall, exports showed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, solid biofuel exports soared to $X in 2022. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for solid biofuel exports from Thailand, accounting for a X% share of total exports. Moreover, solid biofuel exports to South Korea exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Japan (X% per year).

In value terms, South Korea ($X) remains the key foreign market for solid biofuels exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average solid biofuel export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to South Korea ($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 Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Solid Biofuel Imports

Imports into Thailand

In 2022, purchases abroad of solid biofuels increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, solid biofuel imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Myanmar (X tons) constituted the largest supplier of solid biofuel to Thailand, accounting for a X% share of total imports. Moreover, solid biofuel imports from Myanmar exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sevenfold. The third position in this ranking was taken by Cambodia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Myanmar totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Cambodia (X% per year).

In value terms, Myanmar ($X) constituted the largest supplier of solid biofuels to Thailand, comprising X% of total imports. The second position in the ranking was held by Cambodia ($X), with an X% share of total imports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Myanmar totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

The average solid biofuel import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, solid biofuel import price increased by X% against 2020 indices. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, 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 Lao People's Democratic Republic ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :