Thailand: Semi-Chemical Fluting Market 2024

Semi-Chemical Fluting Market Size in Thailand

The Thai semi-chemical fluting market surged to $X in 2021, jumping by 19% against the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.8% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Semi-Chemical Fluting Production in Thailand

In value terms, semi-chemical fluting production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.6% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 41%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Semi-Chemical Fluting Exports

Exports from Thailand

In 2021, the amount of semi-chemical fluting exported from Thailand reduced rapidly to X tons, shrinking by -24.8% on the previous year. Over the period under review, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 44% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, semi-chemical fluting exports dropped slightly to $X in 2021. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for semi-chemical fluting exports from Thailand, with a 77% share of total exports. Moreover, semi-chemical fluting exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, the Philippines (X tons), eightfold. The third position in this ranking was taken by Cambodia (X tons), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lao People's Democratic Republic stood at +58.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-5.7% per year) and Cambodia (-15.8% per year).

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for semi-chemical fluting exports from Thailand, comprising 79% of total exports. The second position in the ranking was held by the Philippines ($X), with an 8.5% share of total exports. It was followed by Cambodia, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Lao People's Democratic Republic totaled +60.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-4.4% per year) and Cambodia (-16.1% per year).

Export Prices by Country

In 2021, the average semi-chemical fluting export price amounted to $X per ton, growing by 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Lao People's Democratic Republic ($X per ton) and the Philippines ($X per ton), while the average price for exports to Malaysia ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Chemical Fluting Imports

Imports into Thailand

In 2021, approx. X tons of semi-chemical fluting were imported into Thailand; reducing by -65.3% on 2020. In general, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2013 with an increase of 365% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, semi-chemical fluting imports plummeted to $X in 2021. Overall, imports recorded a deep downturn. The growth pace was the most rapid in 2013 when imports increased by 333%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Sweden (X tons) was the main supplier of semi-chemical fluting to Thailand, with a 99% share of total imports. It was followed by Japan (X tons), with a 0.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled +53.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-42.6% per year) and Taiwan (Chinese) (-73.3% per year).

In value terms, Sweden ($X) constituted the largest supplier of semi-chemical fluting to Thailand, comprising 99% of total imports. The second position in the ranking was taken by Japan ($X), with a 0.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Sweden stood at +55.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-43.3% per year) and Taiwan (Chinese) (-67.2% per year).

Import Prices by Country

In 2021, the average semi-chemical fluting import price amounted to $X per ton, jumping by 54% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+22.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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