Thailand - Benzene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzene Price in Thailand - 2023
Contents:
- Benzene Price in Thailand (FOB) - 2023
- Benzene Price in Thailand (CIF) - 2022
- Benzene Exports in Thailand
- Benzene Imports in Thailand
Benzene Price in Thailand (FOB) - 2023
In July 2023, the average benzene export price amounted to $800 per ton, dropping by -8.4% against the previous month. In general, the export price recorded a perceptible reduction. The pace of growth was the most pronounced in March 2023 when the average export price increased by 7.2% m-o-m. The export price peaked at $1,322 per ton in August 2022; however, from September 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In July 2023, the country with the highest price was Saudi Arabia ($800 per ton), while the average price for exports to China stood at $799 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-3.2%), while the prices for the other major destinations experienced a decline.
Benzene Price in Thailand (CIF) - 2022
In 2022, the average benzene import price amounted to $7,478 per ton, standing approx. at the previous year. In general, the import price continues to indicate a slight decline. The growth pace was the most rapid in 2015 when the average import price increased by 72% against the previous year. The import price peaked at $10,573 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 India ($21,200 per ton), while the price for China stood at $7,422 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+77.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Benzene Exports in Thailand
Benzene exports from Thailand declined markedly to 421K tons in 2022, dropping by -33.7% compared with the year before. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of 634K tons, and then reduced markedly in the following year.
In value terms, benzene exports reduced markedly to $469M in 2022. In general, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 119%. As a result, the exports attained the peak of $594M, and then declined markedly in the following year.
| Export of Benzene in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 113 | 143 | 323 | 343 | 44.8% |
| Malaysia | 37.2 | 10.1 | 54.5 | 35.6 | -1.5% |
| Indonesia | 96.9 | 49.4 | 66.7 | 28.5 | -33.5% |
| Saudi Arabia | 4.2 | N/A | 5.5 | 24.2 | 79.3% |
| Belgium | 4.0 | N/A | 26.2 | 17.7 | 64.2% |
| Singapore | 44.0 | 56.8 | 80.9 | 13.7 | -32.2% |
| Taiwan (Chinese) | 23.5 | 4.9 | 35.3 | N/A | 22.6% |
| Others | 18.0 | 7.4 | 2.5 | 6.6 | -28.4% |
| Total | 340 | 272 | 594 | 469 | 11.3% |
Top Export Markets for Benzene from Thailand in 2022:
- China (310.1K tons)
- Malaysia (31.4K tons)
- Indonesia (25.8K tons)
- Saudi Arabia (20.1K tons)
- Belgium (15.2K tons)
- Singapore (11.9K tons)
Benzene Imports in Thailand
In 2022, approx. 6.3 tons of benzene were imported into Thailand; with an increase of 4.7% against the previous year. Over the period under review, imports, however, continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 1,104% against the previous year.
In value terms, benzene imports rose modestly to $47K in 2022. In general, imports, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 759%.
| Import of Benzene in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 39.1 | 46.3 | 18.4% |
| Malaysia | 1,860 | N/A | N/A | N/A | 0% |
| Others | 2.9 | 5.3 | 6.1 | 0.6 | -40.9% |
| Total | 1,863 | 5.3 | 45.2 | 46.9 | -70.7% |
Top Suppliers of Benzene to Thailand in 2022:
- China (6.2 tons)
This report provides an in-depth analysis of the benzene 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 20141223 - Benzene
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
-
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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