Report Update Nov 1, 2024

Thailand - Tall Oil - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Tall Oil Market 2024

Tall Oil Market Size in Thailand

The Thai tall oil market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a slight decline. Tall oil consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Tall Oil Exports

Exports from Thailand

In 2021, exports of tall oil from Thailand skyrocketed to X tons, jumping by 141% against 2020. Over the period under review, exports showed a slight increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tall oil exports surged to $X in 2021. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 266%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Malaysia (X tons) was the main destination for tall oil exports from Thailand, with a 61% share of total exports. Moreover, tall oil exports to Malaysia exceeded the volume sent to the second major destination, Singapore (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +276.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-11.5% per year) and Myanmar (+599.3% per year).

In value terms, Malaysia ($X) remains the key foreign market for tall oil exports from Thailand, comprising 70% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia amounted to +155.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+455.0% per year) and Singapore (-12.7% per year).

Export Prices by Country

In 2021, the average tall oil export price amounted to $X per ton, dropping by -33.4% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 94% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-1.4%), while the prices for the other major destinations experienced a decline.

Tall Oil Imports

Imports into Thailand

In 2021, after two years of decline, there was significant growth in supplies from abroad of tall oil, when their volume increased by 138% to X tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, tall oil imports soared to $X in 2021. Overall, imports, however, continue to indicate a slight decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of tall oil to Thailand, with a 70% share of total imports. Moreover, tall oil imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.0% per year) and Malaysia (0.0% per year).

In value terms, Japan ($X) constituted the largest supplier of tall oil to Thailand, comprising 73% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by Malaysia, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.0% per year) and Malaysia (0.0% per year).

Import Prices by Country

In 2021, the average tall oil import price amounted to $X per ton, growing by 5% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 27%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tall oil in the world?

The countries with the highest volumes of tall oil consumption in 2021 were China, the United States and India, together comprising 48% of global consumption. Japan, Germany, Russia, Nigeria, Brazil, the UK, Canada and Turkey lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of tall oil in the world?

The countries with the highest volumes of tall oil production in 2021 were China, the United States and India, with a combined 48% share of global production. Japan, Russia, Germany, Brazil, Nigeria, the UK, Canada and Turkey lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of tall oil to Thailand?

In value terms, Japan constituted the largest supplier of tall oil to Thailand, comprising 73% of total imports. The second position in the ranking was occupied by the United States, with a 20% share of total imports.

What are the leading importers of tall oil from Thailand?

In value terms, Malaysia remains the key foreign market for tall oil exports from Thailand, comprising 89% of total exports. The second position in the ranking was occupied by Singapore, with an 11% share of total exports.

What is the average export price for tall oil in Thailand?

The average tall oil export price stood at $1,184 per ton in 2021, shrinking by -52% against the previous year.

What is the average import price for tall oil in Thailand?

The average tall oil import price stood at $1,674 per ton in 2021, surging by 5% against the previous year.

This report provides an in-depth analysis of the tall oil 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 20147130 - Tall oil, whether or not refined

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