Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Thailand - 2023
Contents:
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Thailand (CIF) - 2022
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Thailand (FOB) - 2022
- Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Thailand
- Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Thailand
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Thailand (CIF) - 2022
In 2022, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $25,186 per ton, with an increase of 54% against the previous year. Overall, the import price enjoyed notable growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 367%. As a result, import price attained the peak level of $61,511 per ton. From 2017 to 2022, the average 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 Japan ($47,734 per ton), while the price for China ($5,648 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+77.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Thailand (FOB) - 2022
In 2022, the average export price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $11,722 per ton, declining by -1.7% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 161%. The export price peaked at $23,636 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($144,899 per ton), while the average price for exports to Vietnam ($5,692 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 Lao People's Democratic Republic (+101.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Thailand
In 2022, the amount of alcohols; aromatic and derivatives, other than benzyl alcohol imported into Thailand skyrocketed to 24 tons, picking up by 53% against 2021. In general, imports, however, showed a relatively flat trend pattern.
In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol soared to $617K in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 75.8 | 74.4 | 119 | 366 | 69.0% |
| India | 84.4 | 146 | 49.6 | 190 | 31.1% |
| China | 83.3 | 223 | 72.7 | 25.1 | -33.0% |
| Singapore | N/A | N/A | 4.2 | 6.9 | 64.3% |
| France | 3.8 | 2.8 | 4.3 | 4.9 | 8.8% |
| Spain | N/A | 2.2 | 3.0 | 4.9 | 49.2% |
| Hong Kong SAR | 63.1 | N/A | N/A | N/A | 0% |
| Others | 10.3 | 13.5 | 8.0 | 18.6 | 21.8% |
| Total | 321 | 461 | 261 | 617 | 24.3% |
Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to Thailand in 2022:
- India (10.2 tons)
- Japan (7.7 tons)
- China (4.5 tons)
- Singapore (0.7 tons)
- Spain (0.7 tons)
- France (0.6 tons)
Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Thailand
In 2022, shipments abroad of alcohols; aromatic and derivatives, other than benzyl alcohol decreased by -44.1% to 3.3 tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 434% against the previous year. As a result, the exports reached the peak of 7 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol shrank rapidly to $38K in 2022. In general, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 122%.
| Export of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 6.2 | 21.3 | 7.2 | 15.5 | 35.7% |
| Japan | 12.8 | 0.6 | 5.3 | 12.9 | 0.3% |
| China | N/A | N/A | N/A | 6.9 | 0% |
| Netherlands | N/A | N/A | N/A | 3.1 | 0% |
| United States | N/A | 46.9 | 57.5 | N/A | 22.6% |
| Lao People's Democratic Republic | 11.8 | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 31.0 | 68.8 | 70.0 | 38.5 | 7.5% |
Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from Thailand in 2022:
- Vietnam (2727.0 kg)
- Netherlands (258.0 kg)
- China (200.0 kg)
- Japan (89.0 kg)
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This report provides an in-depth analysis of the aromatic alcohols market in Thailand.
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