Thailand: Other Chemical Products Market 2024

Other Chemical Products Market Size in Thailand

The Thai other chemical products market totaled less than $X in 2022, approximately reflecting the previous year. Over the period under review, consumption saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Other Chemical Products Production in Thailand

In value terms, other chemical products production totaled less than $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Other Chemical Products Exports

Exports from Thailand

Other chemical products exports from Thailand soared to X tons in 2016, jumping by X% compared with the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products exports skyrocketed to $X in 2016. The total export value increased at an average annual rate of X% over the period from 2012 to 2016; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons), Japan (X tons) and India (X tons) were the main destinations of other chemical products exports from Thailand, together comprising X% of total exports.

From 2012 to 2016, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Japan ($X) and China ($X) appeared to be the largest markets for other chemical products exported from Thailand worldwide, with a combined X% share of total exports. India, Indonesia, the United States, Taiwan (Chinese), South Africa, Australia, Malaysia, Egypt, Saudi Arabia and Pakistan lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of 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 2016, the average other chemical products export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average export price decreased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2016, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2016, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Thailand

In 2016, purchases abroad of other chemical products decreased by X% to X tons, falling for the second consecutive year after three years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2016; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2016, imports remained at a lower figure.

In value terms, other chemical products imports stood at $X in 2016. The total import value increased at an average annual rate of X% over the period from 2012 to 2016; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2016 and are expected to retain growth in the near future.

Imports by Country

In 2016, China (X tons) constituted the largest supplier of other chemical products to Thailand, with a X% share of total imports. Moreover, other chemical products imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Australia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Australia (X% per year).

In value terms, the largest other chemical products suppliers to Thailand were China ($X), Japan ($X) and the United States ($X), together accounting for X% of total imports. Germany, Singapore, Taiwan (Chinese), Malaysia, the UK, South Korea, India, Australia and Ireland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Singapore, 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

In 2016, the average other chemical products import price amounted to $X per ton, surging by X% against the previous year. Over the last four years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 an increase of X%. The import price peaked in 2016 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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