Thailand: Petroleum Market 2020

Petroleum Market Size in Thailand

The revenue of the petroleum market in Thailand amounted to $X in 2017, going up by X% against the previous year. In general, petroleum consumption continues to indicate a remarkable growth. The most prominent rate of growth was recorded in 2012, when market value increased by X% against the previous year. Over the period under review, the petroleum market reached its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Petroleum Production in Thailand

In 2017, production of petroleum in Thailand stood at X tonnes, coming up by X% against the previous year. In general, the total output indicated a prominent increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the petroleum production increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2012, when the output figure increased by X% year-to-year. Over the period under review, the petroleum production reached its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Petroleum Exports from Thailand

In 2017, the amount of petroleum exported from Thailand amounted to X tonnes, reducing by -X% against the previous year. In general, petroleum exports continue to indicate a deep drop. The pace of growth was the most pronounced in 2010, when exports increased by X% against the previous year. Over the period under review, the petroleum exports reached its maximum volume of X tonnes in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, petroleum exports amounted to $X in 2017. Overall, petroleum exports continue to indicate an abrupt shrinkage. Over the period under review, the petroleum exports attained its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Petroleum Exports by Country from Thailand

In 2017, the U.S. (X tonnes), followed by Russia (X tonnes), Singapore (X tonnes), the Netherlands (X tonnes), South Korea (X tonnes) and India (X tonnes) represented the major exporters of petroleum, together mixed up X% of total exports. The following exporters - China (X tonnes), Belgium (X tonnes), Saudi Arabia (X tonnes), the United Arab Emirates (X tonnes), Canada (X tonnes) and Malaysia (X tonnes) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Russia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2017, together comprising X% of total exports.

The U.S. (+X% per year) experienced the highest growth rate of exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in Thailand

The petroleum export price in Thailand stood at $X per tonne in 2017, dropping by -X% against the previous year. Overall, petroleum export price continues to indicate a moderate growth. The most prominent rate of growth was recorded in 2012, an increase of X% year-to-year. Thailand export price peaked of $X per tonne in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports into Thailand

In 2017, the amount of petroleum imported into Thailand amounted to X tonnes, dropping by -X% against the previous year. In general, petroleum imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012, when imports increased by X% year-to-year. Over the period under review, the petroleum imports reached its maximum volume of X tonnes in 2016, and then declined slightly in the following year.

In value terms, petroleum imports amounted to $X in 2017. Overall, petroleum imports continue to indicate a relatively flat trend pattern. Over the period under review, the petroleum imports attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Petroleum Imports by Country into Thailand

The U.S. (X tonnes) and Singapore (X tonnes) represented the largest importers of petroleum in 2017, amounting to near X% and X% of total imports, respectively. It was followed by the Netherlands (X tonnes), generating X% share of total imports. Mexico (X tonnes), Belgium (X tonnes), Germany (X tonnes), Malaysia (X tonnes), France (X tonnes), China (X tonnes), the UK (X tonnes), Indonesia (X tonnes) and Canada (X tonnes) occupied the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum markets worldwide were the U.S. ($X), Singapore ($X) and the Netherlands ($X), with a combined X% share of total imports. These countries were followed by Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Thailand, which together accounted for a further X%.

In terms of the main importing countries , Malaysia (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Thailand

In 2017, the petroleum import price in Thailand amounted to $X per tonne, surging by X% against the previous year. In general, petroleum import price continues to indicate a modest growth. The pace of growth appeared the most rapid in 2014, when it surged by X% against the previous year. In that year, the import prices for petroleum reached their peak level of $X per tonne. From 2015 to 2017, growth of the import prices for petroleum stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in the UK ($X per tonne) and Germany ($X per tonne), while China ($X per tonne) and Canada ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Singapore (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform