Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Thailand - 2024

Contents:

  1. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Thailand (CIF) - 2022
  2. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Thailand (FOB) - 2024
  3. Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Thailand
  4. Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Thailand

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Thailand (CIF) - 2022

The average import price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $9,493 per ton in 2022, picking up by 7.6% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of 24% against the previous year. Over the period under review, average import prices reached the peak figure at $15,696 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($16,900 per ton), while the price for India ($3,146 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Thailand (FOB) - 2024

In November 2023, the average export price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses amounted to $42,229 per ton, jumping by 129% against the previous month. In general, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 232% m-o-m. The export price peaked at $44,831 per ton in September 2023; however, from October 2023 to November 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Vietnam ($47,191 per ton), while the average price for exports to China ($14,935 per ton) was amongst the lowest.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Thailand

For the fourth consecutive year, Thailand recorded growth in purchases abroad of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses, which increased by 13% to 5.4K tons in 2022. The total import volume increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses surged to $51M in 2022. In general, imports, however, continue to indicate a noticeable decline.

Import of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China39.230.431.339.50.3%
Japan3.73.33.33.3-3.7%
India5.81.71.62.8-21.6%
Germany2.72.52.72.1-8.0%
Netherlands1.00.60.40.5-20.6%
United States0.50.50.50.50.0%
Others3.03.62.02.2-9.8%
Total56.042.641.750.9-3.1%

Top Suppliers of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to Thailand in 2022:

  1. China (3015.0 tons)
  2. Japan (964.1 tons)
  3. India (902.9 tons)
  4. Germany (126.0 tons)
  5. United States (98.9 tons)
  6. Netherlands (65.5 tons)

Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Thailand

Exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses from Thailand declined to 99 tons in 2022, with a decrease of -1.9% compared with the year before. Overall, exports faced a significant decrease. The growth pace was the most rapid in 2021 when exports increased by 28%.

In value terms, exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses rose sharply to $3M in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 74%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam1,1621,2012,0802,09721.7%
Cambodia19418827874456.5%
MyanmarN/A98.773.415424.9%
China41214.328911.7-69.5%
IndonesiaN/A9.838.710.11.5%
United StatesN/A46.957.5N/A22.6%
India67.43.31.4N/A-85.6%
Others36.358.99.722.0-15.4%
Total1,8711,6212,8293,03817.5%

Top Export Markets for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from Thailand in 2022:

  1. Vietnam (53.2 tons)
  2. Cambodia (22.9 tons)
  3. Myanmar (18.2 tons)
  4. Indonesia (3.3 tons)
  5. China (0.5 tons)

Source: IndexBox Market Intelligence Platform

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