Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Thailand - 2024

Contents:

1. Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Thailand (CIF) - 2024
2. Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Thailand (FOB) - 2022
3. Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Thailand
4. Exports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Thailand

Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Thailand (CIF) - 2024

The average import price for hormones; halogenated derivatives or adrenal cortical hormoneses stood at $1.2M per ton in January 2024, which is down by -25.2% against the previous month. In general, import price indicated a slight increase from January 2023 to January 2024: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for hormones; halogenated derivatives or adrenal cortical hormoneses decreased by -46.2% against November 2023 indices. The pace of growth was the most pronounced in March 2023 when the average import price increased by 46% m-o-m. Over the period under review, average import prices hit record highs at $2.2M per ton in November 2023; afterwards, it flattened through to January 2024.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Italy ($1.6M per ton), while the price for China ($705K 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 Spain (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Thailand (FOB) - 2022

In 2022, the average export price for hormones; halogenated derivatives or adrenal cortical hormoneses amounted to $8,370,080 per ton, growing by 540% against the previous year. In general, the export price enjoyed noticeable growth. Over the period under review, the average export prices hit record highs at $19,516,083 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($35,023,250 per ton), while the average price for exports to Vietnam stood at $3,293,286 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+14.5%), while the prices for the other major destinations experienced a decline.

Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Thailand

In 2022, overseas purchases of hormones; halogenated derivatives or adrenal cortical hormoneses decreased by -20.1% to 2 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted strong growth. The growth pace was the most rapid in 2020 when imports increased by 101%.

In value terms, imports of hormones; halogenated derivatives or adrenal cortical hormoneses fell sharply to $3.1M in 2022. Overall, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of 5.1% against the previous year. As a result, imports attained the peak of $3.7M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones to Thailand in 2022:

1. Italy (1037.0 kg)
2. China (568.0 kg)
3. Malaysia (283.0 kg)
4. India (82.0 kg)
5. Spain (27.0 kg)

Exports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Thailand

In 2022, the amount of hormones; halogenated derivatives or adrenal cortical hormoneses exported from Thailand soared to 25 kg, rising by 67% compared with the year before. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of hormones; halogenated derivatives or adrenal cortical hormoneses skyrocketed to $209K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones from Thailand in 2022:

1. Vietnam (21.0 kg)
2. Indonesia (4.0 kg)

Source: IndexBox Market Intelligence Platform