Thailand - Alkyd Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAlkyd Resins Price in Thailand - 2023
Contents:
- Alkyd Resins Price in Thailand (FOB) - 2023
- Alkyd Resins Price in Thailand (CIF) - 2023
- Alkyd Resins Exports in Thailand
- Alkyd Resins Imports in Thailand
Alkyd Resins Price in Thailand (FOB) - 2023
The average alkyd resins export price stood at $1,809 per ton in September 2023, falling by -5% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 14% against the previous month. As a result, the export price attained the peak level of $2,241 per ton. From August 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the Netherlands ($3,831 per ton), while the average price for exports to Lao People's Democratic Republic ($1,547 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.
Alkyd Resins Price in Thailand (CIF) - 2023
The average alkyd resins import price stood at $2,405 per ton in September 2023, growing by 5.4% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 32% against the previous month. The import price peaked at $3,280 per ton in November 2022; however, from December 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($5,145 per ton), while the price for Indonesia ($1,711 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Alkyd Resins Exports in Thailand
After three years of growth, overseas shipments of alkyd resins in primary forms decreased by -1.5% to 15K tons in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. As a result, the exports reached the peak of 16K tons, and then fell modestly in the following year.
In value terms, alkyd resins exports soared to $29M in 2022. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 51%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Alkyd Resins in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 9.1 | 8.1 | 9.3 | 11.0 | 6.5% |
| Myanmar | 0.9 | 1.6 | 6.5 | 9.6 | 120.1% |
| China | 1.4 | 1.4 | 2.1 | 2.3 | 18.0% |
| Lao People's Democratic Republic | 0.3 | 0.1 | 0.7 | 1.4 | 67.1% |
| Netherlands | 1.4 | 1.2 | 0.7 | 0.7 | -20.6% |
| Cambodia | 0.2 | 0.7 | 0.9 | 0.5 | 35.7% |
| Sri Lanka | 0.5 | 0.5 | 0.7 | 0.2 | -26.3% |
| Others | 2.2 | 2.0 | 2.7 | 3.1 | 12.1% |
| Total | 16.0 | 15.6 | 23.6 | 28.8 | 21.6% |
Top Export Markets for Alkyd Resins from Thailand in 2022:
- Vietnam (6.5K tons)
- Myanmar (5.5K tons)
- Lao People's Democratic Republic (0.9K tons)
- China (0.8K tons)
- Cambodia (0.4K tons)
- Netherlands (0.2K tons)
- Sri Lanka (0.1K tons)
Alkyd Resins Imports in Thailand
In 2022, after three years of growth, there was significant decline in overseas purchases of alkyd resins in primary forms, when their volume decreased by -22.3% to 1.5K tons. The total import volume increased at an average annual rate of +2.1% 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 with an increase of 23% against the previous year.
In value terms, alkyd resins imports declined to $4.2M in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of $5M, and then declined in the following year.
| Import of Alkyd Resins in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 341 | 642 | 835 | 1,166 | 50.7% |
| Taiwan (Chinese) | 1,152 | 956 | 1,836 | 1,118 | -1.0% |
| Japan | 900 | 837 | 892 | 774 | -4.9% |
| Indonesia | 445 | 406 | 569 | 300 | -12.3% |
| China | 139 | 416 | 204 | 257 | 22.7% |
| South Korea | 132 | 189 | 155 | 197 | 14.3% |
| Austria | 78.3 | 94.0 | 151 | 83.4 | 2.1% |
| Others | 171 | 350 | 331 | 336 | 25.3% |
| Total | 3,358 | 3,890 | 4,974 | 4,231 | 8.0% |
Top Suppliers of Alkyd Resins to Thailand in 2022:
- Malaysia (595.7 tons)
- Taiwan (Chinese) (358.1 tons)
- Japan (175.9 tons)
- Indonesia (129.3 tons)
- China (113.6 tons)
- South Korea (31.8 tons)
- Austria (30.0 tons)
This report provides an in-depth analysis of the alkyd resins 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 20164050 - Alkyd resins, in primary forms
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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