Thailand - Salts Of Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Salts of Acetic Acid in Thailand - 2023
Contents:
- Price for Salts of Acetic Acid in Thailand (CIF) - 2022
- Price for Salts of Acetic Acid in Thailand (FOB) - 2023
- Imports of Salts of Acetic Acid in Thailand
- Exports of Salts of Acetic Acid in Thailand
Price for Salts of Acetic Acid in Thailand (CIF) - 2022
In 2022, the average salts of acetic acid import price amounted to $3,041 per ton, surging by 16% against the previous year. In general, the import price, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2017 an increase of 25%. The import price peaked at $4,016 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,640 per ton), while the price for India ($1,582 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 (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Salts of Acetic Acid in Thailand (FOB) - 2023
In July 2023, the average salts of acetic acid export price amounted to $9,812 per ton, picking up by 55% against the previous month. Over the period under review, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 183% month-to-month. Over the period under review, the average export prices hit record highs at $19,338 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($10,267 per ton), while the average price for exports to Malaysia ($4,857 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Salts of Acetic Acid in Thailand
After three years of growth, overseas purchases of salts of acetic acid decreased by -13.1% to 2K tons in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 9.4%. As a result, imports reached the peak of 2.3K tons, and then fell in the following year.
In value terms, salts of acetic acid imports totaled $6.1M in 2022. The total import value increased at an average annual rate of +13.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 31%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Salts of Acetic Acid in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,117 | 2,738 | 4,051 | 4,120 | 24.9% |
| Japan | 623 | 419 | 486 | 540 | -4.7% |
| Canada | 204 | 375 | 560 | 300 | 13.7% |
| Taiwan (Chinese) | 140 | 1,056 | 109 | 278 | 25.7% |
| India | 138 | 249 | 90.6 | 277 | 26.1% |
| Germany | 269 | 357 | 273 | 239 | -3.9% |
| Netherlands | 69.8 | 91.1 | 153 | 156 | 30.7% |
| Italy | 382 | N/A | 20.1 | N/A | -77.1% |
| Others | 263 | 224 | 349 | 208 | -7.5% |
| Total | 4,207 | 5,510 | 6,091 | 6,117 | 13.3% |
Top Suppliers of Salts of Acetic Acid to Thailand in 2022:
- China (1486.7 tons)
- India (174.9 tons)
- Canada (116.0 tons)
- Japan (108.1 tons)
- Taiwan (Chinese) (37.0 tons)
- Netherlands (35.0 tons)
- Germany (27.6 tons)
Exports of Salts of Acetic Acid in Thailand
In 2022, overseas shipments of salts of acetic acid increased by 102% to 679 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a perceptible shrinkage.
In value terms, salts of acetic acid exports surged to $6.1M in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Salts of Acetic Acid in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,069 | 2,332 | 1,007 | 2,892 | 11.8% |
| Indonesia | 1,110 | 999 | 1,488 | 2,727 | 34.9% |
| Singapore | 214 | 147 | 116 | 281 | 9.5% |
| Italy | N/A | N/A | N/A | 68.4 | 0% |
| India | 3.7 | N/A | 11.3 | 60.0 | 153.1% |
| Japan | N/A | 3.2 | 2.9 | 53.8 | 310.0% |
| Iran | N/A | 760 | N/A | N/A | 0% |
| Others | 66.1 | 32.3 | 155 | 19.8 | -33.1% |
| Total | 3,463 | 4,273 | 2,780 | 6,102 | 20.8% |
Top Export Markets for Salts of Acetic Acid from Thailand in 2022:
- China (400.2 tons)
- Indonesia (155.2 tons)
- Singapore (67.5 tons)
- Italy (27.5 tons)
- India (14.3 tons)
- Japan (11.0 tons)
This report provides an in-depth analysis of the market for salts of acetic acid 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 20143278 - Salts of acetic acid
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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