Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Thailand - 2024

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Thailand (CIF) - 2024
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Thailand (FOB) - 2022
3. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Thailand
4. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Thailand

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Thailand (CIF) - 2024

In November 2023, the average import price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $15,223 per ton, standing approximately at the previous month. Overall, the import price continues to indicate a slight reduction. The pace of growth was the most pronounced in September 2023 an increase of 25% m-o-m. The import price peaked at $18,513 per ton in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($31,361 per ton), while the price for Denmark ($8,715 per ton) was amongst the lowest.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by the UK (+10.0%), while the prices for the other major suppliers experienced a decline.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Thailand (FOB) - 2022

In 2022, the average export price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $17,750 per ton, increasing by 13% against the previous year. Overall, the export price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 an increase of 120% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($18,967 per ton), while the average price for exports to Bangladesh ($1,979 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 the Philippines (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Thailand

After three years of growth, supplies from abroad of polymers, natural; alginic acid, its salts and esters, in primary formses decreased by -22.7% to 1.2K tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. As a result, imports attained the peak of 1.6K tons, and then declined notably in the following year.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses reduced to $18M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of $20M, and then contracted in the following year.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to Thailand in 2022:

1. China (924.6 tons)
2. Japan (118.8 tons)
3. United Kingdom (103.8 tons)
4. Denmark (74.1 tons)
5. Norway (14.4 tons)

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Thailand

In 2022, the amount of polymers, natural; alginic acid, its salts and esters, in primary formses exported from Thailand surged to 205 tons, increasing by 63% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 290%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of polymers, natural; alginic acid, its salts and esters, in primary formses skyrocketed to $3.6M in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 605%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from Thailand in 2022:

1. Vietnam (174.5 tons)
2. China (10.0 tons)
3. Malaysia (8.0 tons)
4. South Korea (5.2 tons)
5. Bangladesh (3.7 tons)

Source: IndexBox Market Intelligence Platform