
Thailand - Chlorosulphuric Acid - Market Analysis, Forecast, Size, Trends and Insights
Thailand: Chlorosulphuric Acid Market 2022
Chlorosulphuric Acid Market Size in Thailand
The Thai chlorosulphuric acid market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +10.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.1% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.
Chlorosulphuric Acid Production in Thailand
In value terms, chlorosulphuric acid production rose modestly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 19% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.
Chlorosulphuric Acid Exports
Exports from Thailand
For the third consecutive year, Thailand recorded decline in overseas shipments of chlorosulphuric acid, which decreased by -12.3% to X kg in 2019. In general, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 1.2% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2019, the exports remained at a lower figure.
In value terms, chlorosulphuric acid exports reduced to $X in 2019. Overall, exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 35% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2019, the exports failed to regain momentum.
Exports by Country
Malaysia (X kg) was the main destination for chlorosulphuric acid exports from Thailand, accounting for a 86% share of total exports. Moreover, chlorosulphuric acid exports to Malaysia exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X kg), sixfold.
From 2012 to 2019, the average annual rate of growth in terms of volume to Malaysia stood at -46.3%.
In value terms, Malaysia ($X) remains the key foreign market for chlorosulphuric acid exports from Thailand, comprising 95% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 5% share of total exports.
From 2012 to 2019, the average annual rate of growth in terms of value to Malaysia stood at -32.1%.
Export Prices by Country
The average chlorosulphuric acid export price stood at $X per ton in 2019, waning by -2.2% against the previous year. Overall, the export price, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 an increase of 67% against the previous year. The export price peaked at $X per ton in 2018, and then contracted in the following year.
Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Lao People's Democratic Republic stood at $X per ton.
From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+26.4%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the chlorosulphuric acid market 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Recommended reports
This report provides an in-depth analysis of the chlorosulphuric acid market in Asia.
This report provides an in-depth analysis of the global chlorosulphuric acid market.
This report provides an in-depth analysis of the chlorosulphuric acid market in the EU.
This report provides an in-depth analysis of the chlorosulphuric acid market in the U.S..
This report provides an in-depth analysis of the chlorosulphuric acid market in China.
Join our live webinar to get insights into the global biomass market.
Thursday, October 14th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global anhydrous ammonia market.
Tuesday, June 15th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global biodiesel market.
Thursday, June 10th, 2021 @ 04:00 pm ET