Report Update Nov 1, 2024

Thailand - Sulphuric Acid and Oleum - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Thailand

The Thai sulphuric acid market shrank modestly to $X in 2022, which is down by -1.7% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then declined slightly in the following year.

Sulphuric Acid Production in Thailand

In value terms, sulphuric acid production declined modestly to $X in 2022 estimated in export price. In general, production, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 65%. Sulphuric acid production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Sulphuric Acid Exports

Exports from Thailand

After two years of decline, overseas shipments of sulphuric acid and oleum increased by 181% to X tons in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphuric acid exports soared to $X in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for sulphuric acid exports from Thailand, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Lao People's Democratic Republic amounted to +30.2%.

In value terms, Lao People's Democratic Republic ($X) also remains the key foreign market for sulphuric acid and oleum exports from Thailand.

From 2012 to 2022, the average annual growth rate of value to Lao People's Democratic Republic totaled +23.1%.

Export Prices by Country

In 2022, the average sulphuric acid export price amounted to $X per ton, growing by 5.3% against the previous year. Overall, the export price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Lao People's Democratic Republic.

From 2012 to 2022, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to -5.4% per year.

Sulphuric Acid Imports

Imports into Thailand

Sulphuric acid imports into Thailand skyrocketed to X tons in 2022, rising by 58% on 2021. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2021 when imports increased by 306% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, sulphuric acid imports skyrocketed to $X in 2022. Overall, imports recorded strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 231%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, South Korea (X tons) constituted the largest sulphuric acid supplier to Thailand, with a 83% share of total imports. Moreover, sulphuric acid imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by Australia (X tons), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+116.5% per year) and Australia (+462.5% per year).

In value terms, the largest sulphuric acid suppliers to Thailand were Japan ($X), South Korea ($X) and China ($X), together comprising 84% of total imports. Australia lagged somewhat behind, accounting for a further 2.7%.

Australia, with a CAGR of +321.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sulphuric acid import price stood at $X per ton in 2022, picking up by 10% against the previous year. In general, the import price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sulphuric acid and oleum in the world?

China constituted the country with the largest volume of sulphuric acid consumption, accounting for 25% of total volume. Moreover, sulphuric acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Russia ranked third in terms of total consumption with a 9.3% share.

What are the largest producers of sulphuric acid and oleum in the world?

China constituted the country with the largest volume of sulphuric acid production, comprising approx. 27% of total volume. Moreover, sulphuric acid production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. The third position in this ranking was occupied by the United States, with a 9.9% share.

What are the leading suppliers of sulphuric acid and oleum to Thailand?

In value terms, South Korea, Japan and the Philippines were the largest sulphuric acid suppliers to Thailand, with a combined 93% share of total imports. These countries were followed by China, which accounted for a further 6.2%.

What are the leading importers of sulphuric acid and oleum from Thailand?

In value terms, Lao People's Democratic Republic remains the key foreign market for sulphuric acid exports from Thailand, comprising 93% of total exports. The second position in the ranking was occupied by Cambodia, with a 3.7% share of total exports.

What is the average export price for sulphuric acid and oleum in Thailand?

In 2021, the average sulphuric acid export price amounted to $83 per ton, growing by 65% against the previous year.

What is the average import price for sulphuric acid and oleum in Thailand?

In 2021, the average sulphuric acid import price amounted to $117 per ton, dropping by -13.8% against the previous year.

This report provides an in-depth analysis of the sulphuric acid market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132434 - Sulphuric acid, oleum

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023