Thailand - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthylene Glycol Price in Thailand - 2023
Contents:
- Ethylene Glycol Price in Thailand (CIF) - 2023
- Ethylene Glycol Price in Thailand (FOB) - 2022
- Ethylene Glycol Imports in Thailand
- Ethylene Glycol Exports in Thailand
Ethylene Glycol Price in Thailand (CIF) - 2023
The average ethylene glycol import price stood at $523 per ton in July 2023, which is down by -5.5% against the previous month. In general, the import price recorded a pronounced reduction. The pace of growth was the most pronounced in November 2022 when the average import price increased by 13% month-to-month. The import price peaked at $693 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Saudi Arabia ($568 per ton), while the price for Malaysia ($484 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 Malaysia (-1.6%), while the prices for the other major suppliers experienced a decline.
Ethylene Glycol Price in Thailand (FOB) - 2022
In 2022, the average ethylene glycol export price amounted to $801 per ton, with a decrease of -5.5% against the previous year. In general, the export price showed a noticeable reduction. The growth pace was the most rapid in 2021 when the average export price increased by 55%. Over the period under review, the average export prices hit record highs at $1,036 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($933 per ton) and the Philippines ($863 per ton), while the average price for exports to China ($717 per ton) and Malaysia ($750 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-1.3%), while the prices for the other major destinations experienced a decline.
Ethylene Glycol Imports in Thailand
In 2022, the amount of ethylene glycol (ethanediol) imported into Thailand surged to 234K tons, with an increase of 39% compared with the previous year. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, ethylene glycol imports skyrocketed to $157M in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 75%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Ethylene Glycol in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 51.3 | 23.2 | 57.7 | 87.9 | 19.7% |
| Saudi Arabia | 2.5 | 39.2 | 45.8 | 58.0 | 185.2% |
| Malaysia | 18.4 | 4.6 | 10.1 | 6.0 | -31.2% |
| Others | 1.4 | 1.1 | 5.7 | 5.3 | 55.9% |
| Total | 73.7 | 68.2 | 119 | 157 | 28.7% |
Top Suppliers of Ethylene Glycol to Thailand in 2022:
- Singapore (134.0K tons)
- Saudi Arabia (87.1K tons)
- Malaysia (10.1K tons)
Ethylene Glycol Exports in Thailand
In 2022, overseas shipments of ethylene glycol (ethanediol) were finally on the rise to reach 14K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a precipitous decrease.
In value terms, ethylene glycol exports expanded notably to $11M in 2022. Over the period under review, exports, however, saw a precipitous curtailment.
| Export of Ethylene Glycol in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 4.6 | 2.6 | 1.5 | 2.7 | -16.3% |
| Vietnam | 0.9 | 1.2 | 1.4 | 2.3 | 36.7% |
| Singapore | 2.4 | 1.8 | 1.5 | 1.4 | -16.4% |
| New Zealand | 0.9 | 0.7 | 1.5 | 1.4 | 15.9% |
| Japan | N/A | 0.2 | 0.2 | 1.3 | 155.0% |
| Philippines | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| Pakistan | 1.0 | 1.1 | 0.3 | 0.2 | -41.5% |
| Malaysia | 1.0 | 0.8 | 0.3 | 0.2 | -41.5% |
| South Africa | 2.7 | 0.6 | 0.5 | 0.1 | -66.7% |
| China | 1.4 | 2.5 | 1.3 | 0.1 | -58.5% |
| Brazil | 1.8 | 0.8 | N/A | N/A | -55.6% |
| Others | 4.9 | 3.0 | 1.5 | 1.0 | -41.1% |
| Total | 22.3 | 15.8 | 10.7 | 11.3 | -20.3% |
Top Export Markets for Ethylene Glycol from Thailand in 2022:
- Australia (3.4K tons)
- Vietnam (2.9K tons)
- Singapore (1.8K tons)
- New Zealand (1.8K tons)
- Japan (1.6K tons)
- Philippines (0.5K tons)
- Malaysia (0.3K tons)
- Pakistan (0.2K tons)
- South Africa (0.2K tons)
- China (0.2K tons)
- Brazil (0.1K tons)
This report provides an in-depth analysis of the ethylene glycol 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 20142310 - Ethylene glycol (ethanediol)
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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