Thailand - Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcetic Acid Price in Thailand - 2023
Contents:
- Acetic Acid Price in Thailand (CIF) - 2023
- Acetic Acid Price in Thailand (FOB) - 2022
- Acetic Acid Imports in Thailand
- Acetic Acid Exports in Thailand
Acetic Acid Price in Thailand (CIF) - 2023
In July 2023, the average acetic acid import price amounted to $465 per ton, with a decrease of -3.6% against the previous month. Over the period under review, the import price continues to indicate a perceptible slump. The growth pace was the most rapid in June 2023 an increase of 4.4% month-to-month. The import price peaked at $668 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($456 per ton), while the price for Singapore stood at $445 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Singapore (-2.8%), while the prices for the other major suppliers experienced a decline.
Acetic Acid Price in Thailand (FOB) - 2022
In 2022, the average acetic acid export price amounted to $1,432 per ton, surging by 32% against the previous year. In general, the export price posted a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 66% against the previous year. As a result, the export price attained the peak level of $1,553 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($3,437 per ton), while the average price for exports to Cambodia ($957 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 Pakistan (+36.5%), while the prices for the other major destinations experienced more modest paces of growth.
Acetic Acid Imports in Thailand
In 2022, overseas purchases of acetic acid decreased by -49.5% to 121K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 110% against the previous year. As a result, imports attained the peak of 239K tons, and then contracted significantly in the following year.
In value terms, acetic acid imports dropped rapidly to $81M in 2022. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 204% against the previous year. As a result, imports attained the peak of $125M, and then contracted notably in the following year.
| Import of Acetic Acid in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 19.2 | 14.7 | 47.5 | 36.2 | 23.5% |
| Singapore | 24.1 | 21.3 | 52.8 | 33.8 | 11.9% |
| China | 4.9 | 3.9 | 20.0 | 9.2 | 23.4% |
| Others | 2.2 | 1.2 | 4.8 | 1.9 | -4.8% |
| Total | 50.3 | 41.1 | 125 | 81.2 | 17.3% |
Top Suppliers of Acetic Acid to Thailand in 2022:
- Malaysia (55.0K tons)
- Singapore (51.3K tons)
- China (12.4K tons)
Acetic Acid Exports in Thailand
In 2022, after three years of growth, there was significant decline in shipments abroad of acetic acid, when their volume decreased by -40.3% to 465 tons. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 63%. As a result, the exports reached the peak of 780 tons, and then dropped notably in the following year.
In value terms, acetic acid exports shrank dramatically to $666K in 2022. Over the period under review, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 89%. As a result, the exports attained the peak of $845K, and then contracted dramatically in the following year.
| Export of Acetic Acid in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 93.7 | 14.9 | 26.8 | 151 | 17.2% |
| Cambodia | 88.3 | 56.1 | 153 | 140 | 16.6% |
| Vietnam | 68.6 | 82.7 | 68.3 | 112 | 17.8% |
| Philippines | 73.3 | 64.3 | 140 | 104 | 12.4% |
| Sri Lanka | 11.7 | 165 | 400 | 49.4 | 61.6% |
| Australia | 25.2 | 20.6 | 33.2 | 39.4 | 16.1% |
| Indonesia | 22.6 | 35.4 | 11.2 | 28.1 | 7.5% |
| Others | 22.5 | 7.5 | 12.9 | 42.3 | 23.4% |
| Total | 406 | 447 | 845 | 666 | 17.9% |
Top Export Markets for Acetic Acid from Thailand in 2022:
- Cambodia (146.0 tons)
- Bangladesh (130.3 tons)
- Vietnam (75.8 tons)
- Sri Lanka (48.0 tons)
- Philippines (31.5 tons)
- Australia (11.5 tons)
- Indonesia (11.1 tons)
This report provides an in-depth analysis of the acetic 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 20143271 - Acetic acid
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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