Thailand - Phenols And Other Oils And Oil Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Phenols and Other Oils and Oil Products in Thailand - 2023
Contents:
- Price for Phenols and Other Oils and Oil Products in Thailand (CIF) - 2022
- Price for Phenols and Other Oils and Oil Products in Thailand (FOB) - 2023
- Imports of Phenols and Other Oils and Oil Products in Thailand
- Exports of Phenols and Other Oils and Oil Products in Thailand
Price for Phenols and Other Oils and Oil Products in Thailand (CIF) - 2022
In 2022, the average import price for phenols and other oils and oil products amounted to $718 per ton, surging by 14% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($915 per ton), while the price for Singapore ($643 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Phenols and Other Oils and Oil Products in Thailand (FOB) - 2023
The average export price for phenols and other oils and oil products stood at $806 per ton in November 2023, almost unchanged from the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average export price increased by 20% m-o-m. Over the period under review, the average export prices reached the peak figure at $882 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($1,036 per ton), while the average price for exports to South Korea ($565 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Phenols and Other Oils and Oil Products in Thailand
In 2022, imports of phenols and other oils and oil products into Thailand expanded remarkably to 419K tons, increasing by 5.9% compared with the year before. In general, imports, however, continue to indicate a slight setback. The pace of growth appeared the most rapid in 2021 when imports increased by 62% against the previous year.
In value terms, imports of phenols and other oils and oil products surged to $301M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +107.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 72%. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Phenols and Other Oils and Oil Products in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 146 | 126 | 211 | 272 | 23.0% |
Singapore | N/A | 9.3 | 25.4 | 5.5 | -23.1% |
Malaysia | 59.9 | 0.8 | 2.3 | 3.7 | -60.5% |
Bahamas | 22.1 | N/A | N/A | N/A | 0% |
Others | 16.4 | 9.0 | 10.9 | 19.2 | 5.4% |
Total | 244 | 145 | 249 | 301 | 7.2% |
Top Suppliers of Phenols and Other Oils and Oil Products to Thailand in 2022:
- United States (397.3K tons)
- Singapore (8.5K tons)
- Malaysia (3.6K tons)
Exports of Phenols and Other Oils and Oil Products in Thailand
Exports of phenols and other oils and oil products from Thailand declined markedly to 317K tons in 2022, with a decrease of -31.2% against 2021. Overall, exports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 56%. As a result, the exports reached the peak of 460K tons, and then fell significantly in the following year.
In value terms, exports of phenols and other oils and oil products declined to $265M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 95% against the previous year. As a result, the exports reached the peak of $287M, and then reduced in the following year.
Export of Phenols and Other Oils and Oil Products in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 58.7 | 27.9 | 92.8 | 78.0 | 9.9% |
Singapore | 36.0 | 21.0 | 73.5 | 67.7 | 23.4% |
Vietnam | 2.9 | 2.4 | 3.8 | 33.9 | 127.0% |
China | 32.9 | 41.4 | 29.1 | 29.7 | -3.4% |
Indonesia | 35.4 | 39.5 | 60.8 | 23.8 | -12.4% |
South Korea | 17.7 | 6.2 | 9.4 | 13.3 | -9.1% |
Taiwan (Chinese) | 7.0 | 5.1 | 7.3 | 7.2 | 0.9% |
Others | 8.3 | 4.1 | 10.7 | 11.4 | 11.2% |
Total | 199 | 148 | 287 | 265 | 10.0% |
Top Export Markets for Phenols and Other Oils and Oil Products from Thailand in 2022:
- Malaysia (96.5K tons)
- Singapore (81.7K tons)
- Vietnam (39.1K tons)
- China (36.6K tons)
- Indonesia (24.8K tons)
- South Korea (16.6K tons)
- Taiwan (Chinese) (8.9K tons)
This report provides an in-depth analysis of the market for phenols and other oils and oil products in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20147360 - Phenols
- Prodcom 20147390 - Other oils and oil products, n.e.c.
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2016, the global basic chemical imports amounted to X tons, lowering by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 t...
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