Thailand: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in Thailand

In 2022, the Thai polyolefins other than polypropylene market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Polyolefins other than Polypropylene in Thailand

In value terms, polyolefins other than polypropylene production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Polyolefins other than Polypropylene

Exports from Thailand

In 2022, after two years of growth, there was significant decline in overseas shipments of polyolefins other than polypropylene, when their volume decreased by X% to X tons. In general, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, polyolefins other than polypropylene exports contracted dramatically to $X in 2022. Overall, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

India (X tons), Japan (X tons) and Indonesia (X tons) were the main destinations of polyolefins other than polypropylene exports from Thailand, together accounting for X% of total exports. China, Vietnam, the Philippines, Australia, Bangladesh, Mexico, Malaysia, South Africa, Pakistan and Nigeria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Indonesia ($X) and Japan ($X) appeared to be the largest markets for polyolefins other than polypropylene exported from Thailand worldwide, together comprising X% of total exports. China, Vietnam, the Philippines, Australia, Bangladesh, South Africa, Mexico, Malaysia, Pakistan and Nigeria lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average polyolefins other than polypropylene export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to China ($X 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 South Africa (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyolefins other than Polypropylene

Imports into Thailand

After two years of growth, purchases abroad of polyolefins other than polypropylene decreased by X% to X tons in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, polyolefins other than polypropylene imports expanded to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Singapore (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of polyolefins other than polypropylene imports to Thailand, with a combined X% share of total imports. The United Arab Emirates, Saudi Arabia, China, Belgium, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyolefins other than polypropylene suppliers to Thailand were Singapore ($X), Japan ($X) and South Korea ($X), together comprising X% of total imports. The United Arab Emirates, Belgium, China, Saudi Arabia, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyolefins other than polypropylene import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for Saudi Arabia ($X 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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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