Thailand: Compound Plasticisers Market 2022

Compound Plasticisers Market Size in Thailand

The Thai compound plasticisers market skyrocketed to $X in 2021, surging by X% against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2016 indices. Compound plasticisers consumption peaked in 2021 and is expected to retain growth in the near future.

Compound Plasticisers Production in Thailand

In value terms, compound plasticisers production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Compound Plasticisers Exports

Exports from Thailand

After two years of decline, shipments abroad of compound plasticisers for rubber or plastics increased by X% to X tons in 2021. In general, exports posted a noticeable expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, compound plasticisers exports surged to $X in 2021. Overall, exports showed a tangible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for compound plasticisers exports from Thailand, accounting for a X% share of total exports. Moreover, compound plasticisers exports to Malaysia exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Indonesia (+X% per year).

In value terms, Singapore ($X), Myanmar ($X) and Vietnam ($X) were the largest markets for compound plasticisers exported from Thailand worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average compound plasticisers export price amounted to $X per ton, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Compound Plasticisers Imports

Imports into Thailand

In 2021, compound plasticisers imports into Thailand soared to X tons, picking up by X% on the year before. Over the period under review, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, compound plasticisers imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest compound plasticisers supplier to Thailand, with a X% share of total imports. Moreover, compound plasticisers imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Malaysia (+X% per year).

In value terms, the largest compound plasticisers suppliers to Thailand were China ($X), Germany ($X) and Malaysia ($X), together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average compound plasticisers import price stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the import price, however, recorded a slight shrinkage. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :