Thailand - Insecticides - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Thailand - Insecticides - Market Analysis, Forecast, Size, Trends and Insights

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Insecticide Price in Thailand - 2023

Contents:

  1. Insecticide Price in Thailand (CIF) - 2023
  2. Insecticide Price in Thailand (FOB) - 2022
  3. Insecticide Imports in Thailand
  4. Insecticide Exports in Thailand

Insecticide Price in Thailand (CIF) - 2023

In September 2023, the average insecticide import price amounted to $4,946 per ton, dropping by -2.6% against the previous month. Over the period under review, the import price recorded a mild shrinkage. The pace of growth was the most pronounced in March 2023 an increase of 34% month-to-month. The import price peaked at $8,217 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($5,595 per ton), while the price for Vietnam ($2,156 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 Malaysia (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Insecticide Price in Thailand (FOB) - 2022

The average insecticide export price stood at $4,538 per ton in 2022, rising by 1.6% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2016 an increase of 46% against the previous year. Over the period under review, the average export prices hit record highs at $10,455 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($28,013 per ton), while the average price for exports to the Netherlands ($1,429 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 the United Arab Emirates (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Insecticide Imports in Thailand

In 2022, after three years of growth, there was significant decline in supplies from abroad of insecticides, when their volume decreased by -16.3% to 33K tons. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 49%.

In value terms, insecticide imports shrank markedly to $199M in 2022. The total import value increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of $239M, and then contracted dramatically in the following year.

Import of Insecticide in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China76.691.61301019.7%
India21.421.324.723.73.5%
Malaysia1.86.111.611.686.1%
Indonesia13.015.116.410.5-6.9%
United States12.511.812.47.3-16.4%
Vietnam4.25.45.76.616.3%
Australia8.37.15.93.7-23.6%
Others26.531.332.434.49.1%
Total1641902391996.7%

Top Suppliers of Insecticide to Thailand in 2022:

  1. China (18.6K tons)
  2. Malaysia (4.2K tons)
  3. Indonesia (3.0K tons)
  4. Vietnam (3.0K tons)
  5. India (1.9K tons)
  6. Australia (0.4K tons)
  7. United States (0.4K tons)

Insecticide Exports in Thailand

In 2022, after three years of growth, there was decline in shipments abroad of insecticides, when their volume decreased by -4.8% to 12K tons. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 119%.

In value terms, insecticide exports shrank slightly to $54M in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year.

Export of Insecticide in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia6.918.622.018.639.2%
China3.35.55.78.336.0%
Japan7.95.16.97.0-4.0%
India16.311.17.06.3-27.2%
Myanmar0.72.61.82.450.8%
Lao People's Democratic Republic0.80.80.81.317.6%
Others12.29.411.710.1-6.1%
Total48.053.155.854.04.0%

Top Export Markets for Insecticide from Thailand in 2022:

  1. Malaysia (7.2K tons)
  2. Japan (2.5K tons)
  3. Lao People's Democratic Republic (0.4K tons)
  4. China (0.3K tons)
  5. Myanmar (0.2K tons)
  6. India (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the insecticide 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 20201130 - Insecticides based on chlorinated hydrocarbons, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201140 - Insecticides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201150 - Insecticides based on organophosphorus products, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201160 - Insecticides based on pyrethroids, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201190 - Other insecticides
  • Prodcom 20201100 -

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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