Report Update: May 1, 2024

Thailand - O-Acetylsalicylic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

O-Acetylsalicylic Acid Price in Thailand - 2023

O-Acetylsalicylic Acid Price in Thailand (FOB) - 2022

In 2022, the average o-acetylsalicylic acid export price amounted to $3,806 per ton, approximately reflecting the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 18% against the previous year. The export price peaked at $4,735 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($4,865 per ton) and Malaysia ($4,543 per ton), while the average price for exports to Colombia ($3,396 per ton) and Pakistan ($3,404 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 Vietnam (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

O-Acetylsalicylic Acid Price in Thailand (CIF) - 2022

The average o-acetylsalicylic acid import price stood at $3,452 per ton in 2022, which is down by -20.3% against the previous year. Overall, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 9.1%. Over the period under review, average import prices hit record highs at $5,951 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($6,889 per ton), while the price for China ($2,241 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

O-Acetylsalicylic Acid Exports in Thailand

For the fourth consecutive year, Thailand recorded growth in overseas shipments of o-acetylsalicylic acid, its salts and esters, which increased by 4.9% to 2.4K tons in 2022. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 8.3% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, o-acetylsalicylic acid exports stood at $9.2M in 2022. In general, exports, however, continue to indicate a pronounced downturn.

Export of O-Acetylsalicylic Acid in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	5,387	4,782	4,941	5,015	-2.4%
Japan	822	551	538	872	2.0%
Indonesia	198	419	338	516	37.6%
Brazil	732	749	889	465	-14.0%
Vietnam	136	66.2	175	300	30.2%
Argentina	145	117	176	285	25.3%
Pakistan	446	272	244	270	-15.4%
Colombia	138	124	81.6	264	24.1%
Australia	140	181	107	231	18.2%
Malaysia	82.7	101	136	221	38.8%
South Korea	170	54.9	108	184	2.7%
Mexico	524	507	206	N/A	-37.3%
Others	867	1,127	848	553	-13.9%
Total	9,787	9,051	8,787	9,176	-2.1%

Top Export Markets for O-Acetylsalicylic Acid from Thailand in 2022:

United States (1356.3 tons)
Japan (203.1 tons)
Indonesia (137.6 tons)
Brazil (114.3 tons)
Argentina (81.0 tons)
Pakistan (79.3 tons)
Colombia (77.8 tons)
Vietnam (61.6 tons)
Australia (55.9 tons)
Malaysia (48.5 tons)
South Korea (40.7 tons)

O-Acetylsalicylic Acid Imports in Thailand

In 2022, o-acetylsalicylic acid imports into Thailand surged to 131 tons, rising by 68% on the previous year. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, o-acetylsalicylic acid imports soared to $452K in 2022. Over the period under review, imports, however, continue to indicate a perceptible downturn.

Import of O-Acetylsalicylic Acid in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	201	207	283	210	1.5%
France	264	328	44.3	203	-8.4%
India	29.4	49.3	9.9	38.9	9.8%
Others	0.2	0.1	0.1	N/A	-29.3%
Total	494	584	337	452	-2.9%

Top Suppliers of O-Acetylsalicylic Acid to Thailand in 2022:

China (93.9 tons)
France (29.5 tons)
India (7.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the o-acetylsalicylic 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 21101050 - O-acetylsalicylic acid, its salts and esters

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