Thailand - Adipic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAdipic Acid Price in Thailand - 2023
Contents:
- Adipic Acid Price in Thailand (CIF) - 2023
- Adipic Acid Price in Thailand (FOB) - 2022
- Adipic Acid Imports in Thailand
- Adipic Acid Exports in Thailand
Adipic Acid Price in Thailand (CIF) - 2023
In July 2023, the average adipic acid import price amounted to $1,596 per ton, with a decrease of -14.2% against the previous month. Over the period under review, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in November 2022 an increase of 45% m-o-m. As a result, import price reached the peak level of $2,504 per ton. From December 2022 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($5,266 per ton), while the price for China ($1,290 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.8%), while the prices for the other major suppliers experienced a decline.
Adipic Acid Price in Thailand (FOB) - 2022
The average adipic acid export price stood at $4,330 per ton in 2022, surging by 5.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 15%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($5,183 per ton), while the average price for exports to Vietnam ($2,685 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 Japan (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Adipic Acid Imports in Thailand
After three years of growth, supplies from abroad of adipic acid, its salts and esters decreased by -2.8% to 9.5K tons in 2022. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year.
In value terms, adipic acid imports expanded markedly to $20M in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Adipic Acid in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 5.3 | 9.0 | 10.7 | 21.3% |
| South Korea | 1.5 | 1.6 | 3.1 | 3.2 | 28.7% |
| Japan | 1.4 | 1.6 | 2.9 | 2.9 | 27.5% |
| Germany | 1.2 | 1.1 | 1.6 | 2.0 | 18.6% |
| Taiwan (Chinese) | 0.9 | 0.7 | 1.1 | 1.0 | 3.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Total | 11.1 | 10.3 | 17.8 | 20.2 | 22.1% |
Top Suppliers of Adipic Acid to Thailand in 2022:
- China (6.0K tons)
- South Korea (1.7K tons)
- Germany (0.7K tons)
- Japan (0.6K tons)
- Taiwan (Chinese) (0.4K tons)
Adipic Acid Exports in Thailand
In 2022, overseas shipments of adipic acid, its salts and esters decreased by -33.9% to 310 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports attained the peak of 469 tons, and then contracted markedly in the following year.
In value terms, adipic acid exports shrank dramatically to $1.3M in 2022. Overall, total exports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. As a result, the exports attained the peak of $1.9M, and then reduced dramatically in the following year.
| Export of Adipic Acid in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 308 | 254 | 590 | 604 | 25.2% |
| India | 447 | 296 | 404 | 344 | -8.4% |
| Vietnam | 159 | 97.1 | 114 | 167 | 1.6% |
| Singapore | 0.4 | 9.3 | 66.7 | 78.8 | 481.9% |
| Malaysia | 142 | 34.8 | 34.6 | 43.4 | -32.6% |
| Japan | 125 | 574 | 598 | N/A | 118.7% |
| Others | 10.4 | 3.4 | 117 | 103 | 114.8% |
| Total | 1,192 | 1,269 | 1,925 | 1,341 | 4.0% |
Top Export Markets for Adipic Acid from Thailand in 2022:
- Indonesia (135.8 tons)
- India (82.9 tons)
- Vietnam (62.3 tons)
- Singapore (16.0 tons)
- Malaysia (8.4 tons)
This report provides an in-depth analysis of the adipic 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 20143385 - Adipic acid, its salts and esters
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
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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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