Nitrile-Function Compounds Price in Thailand - 2023
Contents:
- Nitrile-Function Compounds Price in Thailand (CIF) - 2023
- Nitrile-Function Compounds Price in Thailand (FOB) - 2023
- Nitrile-Function Compounds Imports in Thailand
- Nitrile-Function Compounds Exports in Thailand
Nitrile-Function Compounds Price in Thailand (CIF) - 2023
In September 2023, the average nitrile-function compounds import price amounted to $1,443 per ton, with a decrease of -80.9% against the previous month. In general, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 626% m-o-m. As a result, import price attained the peak level of $11,650 per ton. From June 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($7,974 per ton), while the price for Taiwan (Chinese) ($1,064 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 China (+9.3%), while the prices for the other major suppliers experienced a decline.
Nitrile-Function Compounds Price in Thailand (FOB) - 2023
In September 2023, the average nitrile-function compounds export price amounted to $1,167 per ton, increasing by 8.9% against the previous month. Overall, the export price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in March 2023 an increase of 311% month-to-month. As a result, the export price attained the peak level of $5,986 per ton. From April 2023 to September 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From September 2022 to September 2023, the rate of growth in terms of prices for Malaysia amounted to -2.2% per month.
Nitrile-Function Compounds Imports in Thailand
After three years of growth, supplies from abroad of nitrile-function compoundses decreased by -3.9% to 21K tons in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.9% 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 +85.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 78%.
In value terms, nitrile-function compounds imports reduced sharply to $53M in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 73%. As a result, imports reached the peak of $67M, and then dropped markedly in the following year.
| Import of Nitrile-Function Compounds in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 4.5 | 13.0 | 26.7 | 24.7 | 76.4% |
| South Korea | 10.3 | 6.2 | 11.5 | 10.5 | 0.6% |
| China | 2.0 | 5.9 | 10.6 | 10.0 | 71.0% |
| India | 7.7 | 9.6 | 16.3 | 5.7 | -9.5% |
| United States | 2.4 | 2.0 | 0.2 | 0.1 | -65.3% |
| Others | 1.8 | 2.2 | 1.9 | 2.1 | 5.3% |
| Total | 28.7 | 38.9 | 67.3 | 53.1 | 22.8% |
Top Suppliers of Nitrile-Function Compounds to Thailand in 2022:
- United States (undefinedK tons)
- Taiwan (Chinese) (12.5K tons)
- South Korea (4.9K tons)
- China (3.3K tons)
- India (0.5K tons)
Nitrile-Function Compounds Exports in Thailand
In 2022, approx. 27K tons of nitrile-function compoundses were exported from Thailand; with a decrease of -15.2% on 2021 figures. Over the period under review, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 37%.
In value terms, nitrile-function compounds exports dropped dramatically to $43M in 2022. In general, exports showed a precipitous contraction. The growth pace was the most rapid in 2021 when exports increased by 145%.
| Export of Nitrile-Function Compounds in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 65.3 | 14.0 | 30.7 | 30.5 | -22.4% |
| Indonesia | 6.6 | 4.4 | 3.8 | 4.9 | -9.5% |
| China | 7.6 | 3.6 | 21.0 | 4.5 | -16.0% |
| India | 0.2 | 0.2 | 3.9 | 1.9 | 111.8% |
| Taiwan (Chinese) | 8.8 | N/A | N/A | N/A | 0% |
| Others | 1.0 | 2.7 | 1.6 | 1.2 | 6.3% |
| Total | 89.4 | 24.9 | 61.0 | 43.0 | -21.6% |
Top Export Markets for Nitrile-Function Compounds from Thailand in 2022:
- Malaysia (20.8K tons)
- Indonesia (3.1K tons)
- China (2.3K tons)
- India (0.5K tons)
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