Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Thailand - 2024

Contents:

1. Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Thailand (CIF) - 2024
2. Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Thailand (FOB) - 2022
3. Imports of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Thailand
4. Exports of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Thailand

Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Thailand (CIF) - 2024

In January 2024, the average import price for acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses amounted to $3,992 per ton, which is down by -30.7% against the previous month. Over the period under review, the import price showed a pronounced setback. The most prominent rate of growth was recorded in September 2023 an increase of 34% m-o-m. The import price peaked at $6,567 per ton in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($45,532 per ton), while the price for China ($3,603 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Thailand (FOB) - 2022

The average export price for acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses stood at $8,454 per ton in 2022, rising by 12% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 118%. Over the period under review, the average export prices hit record highs at $11,000 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($16,084 per ton), while the average price for exports to Turkey ($1,265 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 India (+5.6%).

Imports of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Thailand

Imports of acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses into Thailand expanded modestly to 949 tons in 2022, growing by 4.2% on the previous year. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses soared to $5.7M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters to Thailand in 2022:

1. China (608.4 tons)
2. Japan (160.9 tons)
3. India (112.0 tons)
4. United States (44.4 tons)

Exports of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Thailand

For the fourth year in a row, Thailand recorded growth in shipments abroad of acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses, which increased by 51% to 10 tons in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses soared to $88K in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters from Thailand in 2022:

1. Vietnam (7.2 tons)
2. India (2.8 tons)
3. Turkey (0.4 tons)

Source: IndexBox Market Intelligence Platform