Thailand - Acrylic Acid And Its Salts And Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonocarboxylic Acid Price in Thailand - 2023
Contents:
- Monocarboxylic Acid Price in Thailand (CIF) - 2023
- Monocarboxylic Acid Price in Thailand (FOB) - 2022
- Monocarboxylic Acid Imports in Thailand
- Monocarboxylic Acid Exports in Thailand
Monocarboxylic Acid Price in Thailand (CIF) - 2023
The average monocarboxylic acid import price stood at $1,498 per ton in September 2023, stabilizing at the previous month. Overall, the import price, however, recorded a slight contraction. The most prominent rate of growth was recorded in March 2023 an increase of 26% against the previous month. Over the period under review, average import prices attained the maximum at $1,826 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 India ($10,519 per ton), while the price for South Korea ($923 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 India (+5.2%), while the prices for the other major suppliers experienced a decline.
Monocarboxylic Acid Price in Thailand (FOB) - 2022
The average monocarboxylic acid export price stood at $7,921 per ton in 2022, waning by -3.3% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 145%. The export price peaked at $8,187 per ton in 2021, and then declined modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($13,443 per ton), while the average price for exports to Vietnam ($4,172 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 Cambodia (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.
Monocarboxylic Acid Imports in Thailand
In 2022, monocarboxylic acid imports into Thailand shrank dramatically to 25K tons, waning by -15.3% compared with 2021. Overall, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, imports attained the peak of 29K tons, and then reduced remarkably in the following year.
In value terms, monocarboxylic acid imports stood at $47M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Monocarboxylic Acid in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 17.8 | 16.0 | 20.1 | 18.2 | 0.7% |
| China | 15.3 | 8.9 | 12.2 | 14.0 | -2.9% |
| India | 1.2 | 1.9 | 3.0 | 4.9 | 59.8% |
| South Korea | 1.0 | 2.4 | 4.3 | 3.9 | 57.4% |
| Indonesia | 3.3 | 2.1 | 3.9 | 3.4 | 1.0% |
| Others | 3.0 | 2.7 | 3.2 | 2.6 | -4.7% |
| Total | 41.5 | 34.0 | 46.8 | 47.0 | 4.2% |
Top Suppliers of Monocarboxylic Acid to Thailand in 2022:
- Malaysia (15.3K tons)
- China (3.9K tons)
- South Korea (2.5K tons)
- Indonesia (1.7K tons)
- India (0.9K tons)
Monocarboxylic Acid Exports in Thailand
In 2022, overseas shipments of acrylic acid and its salts and other monocarboxylic acid were finally on the rise to reach 83 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt downturn.
In value terms, monocarboxylic acid exports expanded remarkably to $659K in 2022. Over the period under review, exports, however, recorded a pronounced downturn.
| Export of Monocarboxylic Acid in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 385 | 209 | 294 | 270 | -11.2% |
| Iraq | 149 | 147 | 56.9 | 136 | -3.0% |
| Vietnam | 82.0 | 43.5 | 22.5 | 89.4 | 2.9% |
| Myanmar | N/A | 113 | 51.8 | 57.3 | -28.8% |
| Lao People's Democratic Republic | 71.2 | 50.6 | 79.0 | 44.6 | -14.4% |
| Cambodia | N/A | 35.4 | 9.9 | 23.6 | -18.4% |
| Singapore | 36.0 | 20.0 | 39.9 | 19.1 | -19.0% |
| Maldives | 19.1 | N/A | N/A | N/A | 0% |
| Others | 4.6 | 38.1 | 26.4 | 18.6 | 59.3% |
| Total | 748 | 657 | 580 | 659 | -4.1% |
Top Export Markets for Monocarboxylic Acid from Thailand in 2022:
- Australia (26.3 tons)
- Vietnam (21.4 tons)
- Iraq (10.1 tons)
- Lao People's Democratic Republic (9.5 tons)
- Myanmar (8.5 tons)
- Cambodia (3.5 tons)
- Singapore (2.1 tons)
This report provides an in-depth analysis of the monocarboxylic 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 20143310 - Acrylic acid and its salts and other monocarboxylic 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.
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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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In June 2023, the price of Monocarboxylic Acid was $1,451 per ton (CIF, Thailand), representing a decrease of -7% compared to the previous month.
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In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
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In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...
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In June 2023, the price of Monocarboxylic Acid was $1,451 per ton (CIF, Thailand), representing a decrease of -7% compared to the previous month.
296
The price of Methacrylic Acid Esters in June 2023 was $1,428 per ton (FOB, Thailand), experiencing a 1.5% increase compared to the previous month.
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890
In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...
