Report Update: May 1, 2024

Thailand - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends And Insights

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Industrial Oleic Acid Price in Thailand - 2023

Industrial Oleic Acid Price in Thailand (CIF) - 2023

In July 2023, the average industrial oleic acid import price amounted to $1,357 per ton, which is down by -4.3% against the previous month. Over the period under review, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in June 2023 an increase of 9.3% m-o-m. Over the period under review, average import prices hit record highs at $2,370 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($1,378 per ton), while the price for Indonesia stood at $1,274 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the prices for the other major suppliers experienced a decline.

Industrial Oleic Acid Price in Thailand (FOB) - 2022

The average industrial oleic acid export price stood at $1,878 per ton in 2022, falling by -32.8% against the previous year. In general, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of 88%. The export price peaked at $3,194 per ton in 2013; however, from 2014 to 2022, the 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 Turkey ($7,773 per ton), while the average price for exports to India ($1,489 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 Myanmar (+7.0%), while the prices for the other major destinations experienced a decline.

Industrial Oleic Acid Imports in Thailand

In 2022, purchases abroad of industrial oleic acid decreased by -16% to 7.9K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 131%. As a result, imports reached the peak of 9.5K tons, and then dropped notably in the following year.

In value terms, industrial oleic acid imports contracted rapidly to $11M in 2022. Over the period under review, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 241% against the previous year. As a result, imports attained the peak of $17M, and then dropped dramatically in the following year.

Import of Industrial Oleic Acid in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	N/A	N/A	7.2	6.1	-15.3%
Malaysia	3.0	3.5	7.6	3.9	9.1%
Indonesia	0.5	0.6	1.4	0.6	6.3%
Others	0.2	0.8	0.7	0.3	14.5%
Total	3.7	5.0	16.9	10.9	43.4%

Top Suppliers of Industrial Oleic Acid to Thailand in 2022:

Malaysia (3.7K tons)
Belgium (3.5K tons)
Indonesia (0.6K tons)

Industrial Oleic Acid Exports in Thailand

In 2022, after two years of decline, there was significant growth in overseas shipments of industrial oleic acid, when their volume increased by 262% to 31 tons. Over the period under review, exports, however, recorded a dramatic setback.

In value terms, industrial oleic acid exports skyrocketed to $58K in 2022. In general, exports, however, saw a abrupt descent.

Export of Industrial Oleic Acid in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	46.9	24.7	N/A	42.2	-3.5%
Turkey	6.8	N/A	N/A	6.1	-3.6%
Myanmar	11.9	47.1	0.4	5.5	-22.7%
Mozambique	N/A	N/A	18.7	N/A	0%
Egypt	N/A	18.5	N/A	N/A	0%
Others	3.0	1.8	4.8	4.2	11.9%
Total	68.5	92.2	23.8	58.0	-5.4%

Top Export Markets for Industrial Oleic Acid from Thailand in 2022:

India (28.3 tons)
Myanmar (1.3 tons)
Turkey (0.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the industrial oleic 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 20143130 - Industrial oleic 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023