Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Thailand - 2023

Contents:

1. Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Thailand (CIF) - 2022
2. Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Thailand

Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Thailand (CIF) - 2022

In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $10,157 per ton, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The import price peaked at $25,500 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2014 to 2022, the rate of growth in terms of prices for China amounted to +5.7% per year.

Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Thailand

For the third year in a row, Thailand recorded decline in supplies from abroad of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses, which decreased by 0% to 70 kg in 2022. In general, imports saw a dramatic slump. The smallest decline of -72.3% was in 2020.

In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $711 in 2022. Over the period under review, imports continue to indicate a precipitous descent. The smallest decline of -71% was in 2020.

Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Thailand in 2022:

1. India (70.0 kg)

Source: IndexBox Market Intelligence Platform