Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Thailand - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Thailand (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Thailand (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Thailand
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Thailand
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Thailand (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $2,352 per ton in September 2023, picking up by 13% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 14% m-o-m. As a result, import price reached the peak level of $2,692 per ton. From May 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,484 per ton), while the price for China stood at $1,629 per ton.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Thailand (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $2,936 per ton in 2022, rising by 31% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($3,820 per ton) and Indonesia ($3,146 per ton), while the average price for exports to Lao People's Democratic Republic ($2,739 per ton) and Myanmar ($2,861 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Thailand
After three years of growth, overseas purchases of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses decreased by -7.8% to 4.7K tons in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.6% 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 +42.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses declined slightly to $12M in 2022. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 77%. As a result, imports attained the peak of $12M, and then shrank modestly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.9 | 0.5 | 3.2 | 7.8 | 105.4% |
| China | 0.6 | 1.1 | 2.2 | 2.4 | 58.7% |
| Japan | 0.9 | 0.8 | 1.8 | 1.3 | 13.0% |
| Singapore | 4.1 | 4.4 | 4.6 | 0.4 | -54.0% |
| Others | 0.2 | 0.2 | 0.6 | 0.3 | 14.5% |
| Total | 6.6 | 7.0 | 12.4 | 12.2 | 22.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Thailand in 2022:
- United States (3005.8 tons)
- China (1012.1 tons)
- Japan (471.2 tons)
- Singapore (160.2 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Thailand
In 2022, after three years of growth, there was significant decline in overseas shipments of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses, when their volume decreased by -6.7% to 56 tons. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 153% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses skyrocketed to $163K in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 25.8 | 29.2 | 36.3 | 54.6 | 28.4% |
| Myanmar | 4.1 | 30.1 | 0.8 | 39.0 | 111.9% |
| Cambodia | 1.5 | 20.4 | 66.5 | 28.1 | 165.6% |
| Taiwan (Chinese) | N/A | N/A | N/A | 19.1 | 0% |
| Indonesia | N/A | N/A | 3.6 | 17.6 | 388.9% |
| Singapore | N/A | N/A | N/A | 4.8 | 0% |
| Vietnam | 7.6 | N/A | 26.2 | N/A | 85.7% |
| Others | 3.7 | 0.7 | N/A | 0.2 | -62.2% |
| Total | 42.8 | 80.4 | 133 | 163 | 56.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from Thailand in 2022:
- Lao People's Democratic Republic (19.9 tons)
- Myanmar (13.6 tons)
- Cambodia (9.8 tons)
- Indonesia (5.6 tons)
- Taiwan (Chinese) (5.0 tons)
- Singapore (1.6 tons)
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