Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Thailand - 2024
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Thailand (CIF) - 2024
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Thailand (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Thailand
- Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Thailand
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Thailand (CIF) - 2024
In September 2023, the average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $2,306 per ton, surging by 15% against the previous month. Over the period from February 2023 to September 2023, it increased at an average monthly rate of +2.9%. The growth pace was the most rapid in July 2023 an increase of 39% against the previous month. Over the period under review, average import prices reached the maximum in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($2,850 per ton), while the price for South Korea ($1,506 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Thailand (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $3,345 per ton, picking up by 22% against the previous year. In general, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 119%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($3,402 per ton), while the average price for exports to Vietnam ($2,000 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 Indonesia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Thailand
In 2022, the amount of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses imported into Thailand soared to 12K tons, surging by 37% against 2021 figures. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 418%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses soared to $19M in 2022. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 495%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2.2 | 0.1 | 7.6 | 13.0 | 80.8% |
| China | 0.3 | 0.6 | 6.1 | 3.0 | 115.4% |
| Japan | 0.8 | 0.6 | 0.6 | 1.0 | 7.7% |
| South Korea | 0.7 | 0.9 | 1.0 | 1.0 | 12.6% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.5 | 0.6 | 26.0% |
| Others | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| Total | 4.7 | 2.7 | 16.0 | 19.0 | 59.3% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to Thailand in 2022:
- Malaysia (8.8K tons)
- China (1.8K tons)
- South Korea (0.5K tons)
- Taiwan (Chinese) (0.3K tons)
- Japan (0.3K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Thailand
In 2022, overseas shipments of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses were finally on the rise to reach 198 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses soared to $664K in 2022. Over the period under review, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 258 | 190 | 322 | 643 | 35.6% |
| Singapore | 9.5 | 2.1 | 12.4 | 16.3 | 19.7% |
| Malaysia | 1.2 | 0.6 | 29.7 | 3.5 | 42.9% |
| Vietnam | 132 | 105 | 7.9 | 0.8 | -81.8% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 401 | 298 | 372 | 664 | 18.3% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids from Thailand in 2022:
- Indonesia (191.6 tons)
- Singapore (4.8 tons)
- Malaysia (1.6 tons)
- Vietnam (0.4 tons)
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