Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Thailand - 2024
Contents:
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Thailand (CIF) - 2024
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Thailand (FOB) - 2022
- Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Thailand
- Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Thailand
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Thailand (CIF) - 2024
In January 2024, the average import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol amounted to $15,114 per ton, dropping by -9.7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 7.6% m-o-m. Over the period under review, average import prices reached the peak figure at $17,075 per ton in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Japan ($27,392 per ton), while the price for Malaysia ($12,089 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Thailand (FOB) - 2022
In 2022, the average export price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol amounted to $35,921 per ton, shrinking by -7.2% against the previous year. Overall, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 54% against the previous year. The export price peaked at $68,839 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($36,096 per ton), while the average price for exports to China totaled $12,818 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-8.0%), while the prices for the other major destinations experienced a decline.
Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Thailand
In 2022, approx. 1.6K tons of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol were imported into Thailand; growing by 2.3% against 2021. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 8%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol rose to $28M in 2022. Overall, imports, however, continue to indicate a abrupt decline.
| Import of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.9 | 21.6 | 21.0 | 21.8 | -11.0% |
| India | 5.2 | 1.1 | 0.7 | 2.1 | -26.1% |
| Germany | 2.3 | 2.1 | 2.1 | 1.7 | -9.6% |
| Japan | 2.1 | 2.2 | 1.5 | 1.2 | -17.0% |
| Singapore | 1.6 | 2.0 | 0.7 | 0.6 | -27.9% |
| Malaysia | 0.6 | 0.6 | 0.7 | 0.6 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 42.6 | 29.6 | 26.7 | 28.0 | -13.1% |
Top Suppliers of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol to Thailand in 2022:
- China (1271.7 tons)
- India (113.7 tons)
- Germany (108.0 tons)
- Malaysia (50.4 tons)
- Japan (41.0 tons)
- Singapore (32.7 tons)
Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Thailand
Exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol from Thailand fell to 56 tons in 2022, shrinking by -6.6% against 2021 figures. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 138% against the previous year. As a result, the exports reached the peak of 60 tons, and then reduced in the following year.
In value terms, exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol shrank to $2M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 116%. As a result, the exports attained the peak of $2.3M, and then declined in the following year.
| Export of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 968 | 1,048 | 2,013 | 2,016 | 27.7% |
| China | N/A | N/A | 286 | 4.8 | -98.3% |
| Others | 9.3 | 33.9 | 39.0 | 5.7 | -15.1% |
| Total | 977 | 1,082 | 2,338 | 2,027 | 27.5% |
Top Export Markets for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol from Thailand in 2022:
- Vietnam (55.9 tons)
- China (0.4 tons)
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