Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Thailand - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Thailand (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Thailand (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Thailand
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Thailand
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Thailand (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $5,971 per ton in 2022, rising by 92% against the previous year. In general, the export price saw significant growth. The most prominent rate of growth was recorded in 2017 an increase of 158%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2016 to 2022, the rate of growth in terms of prices for Japan amounted to +7.4% per year.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Thailand (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $4,667 per ton, which is down by -30.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 102% against the previous year. The import price peaked at $8,440 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($23,584 per ton), while the price for Japan ($1,615 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Thailand
Exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids from Thailand expanded sharply to 7.7 tons in 2022, growing by 7.4% on 2021 figures. In general, exports, however, recorded a abrupt curtailment.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids soared to $46K in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 46.6 | 45.3 | 14.9 | 45.8 | -0.6% |
| Myanmar | N/A | N/A | 7.3 | N/A | 0% |
| Others | 0.2 | 1.2 | N/A | N/A | 500.0% |
| Total | 46.8 | 46.5 | 22.1 | 45.8 | -0.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Thailand in 2022:
- Japan (7.7 tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Thailand
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; esters of formic acids imported into Thailand declined notably to 8.9 tons, dropping by -66.1% on 2021 figures. Overall, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 172% against the previous year. As a result, imports attained the peak of 26 tons, and then shrank markedly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids fell dramatically to $42K in 2022. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 451% against the previous year. As a result, imports reached the peak of $177K, and then contracted remarkably in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 41.9 | 8.8 | 12.0 | 18.8 | -23.4% |
| Japan | N/A | N/A | N/A | 12.2 | 0% |
| India | 1.2 | 0.5 | N/A | 4.6 | 56.5% |
| United States | N/A | 1.6 | 97.8 | 3.7 | 52.1% |
| China | 14.5 | 1.5 | 48.8 | 0.9 | -60.4% |
| United Kingdom | N/A | 7.6 | N/A | N/A | 0% |
| Finland | N/A | 12.0 | 16.8 | N/A | 40.0% |
| Others | 0.5 | 0.2 | 1.8 | 1.6 | 47.4% |
| Total | 58.1 | 32.2 | 177 | 41.7 | -10.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Thailand in 2022:
- Japan (7.6 tons)
- Italy (0.8 tons)
- India (0.2 tons)
- United States (0.2 tons)
- China (0.1 tons)
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