Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Thailand - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Thailand (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Thailand (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Thailand
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Thailand
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Thailand (CIF) - 2024
In September 2023, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $685 per ton, with a decrease of -9.5% against the previous month. Overall, the import price recorded a abrupt slump. The pace of growth was the most pronounced in July 2023 when the average import price increased by 1.6% m-o-m. The import price peaked at $866 per ton in May 2023; however, from June 2023 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From May 2023 to September 2023, the rate of growth in terms of prices for China amounted to -5.9% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Thailand (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $220 per ton, waning by -40.9% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of 45% against the previous year. As a result, the export price attained the peak level of $1,240 per ton. From 2019 to 2022, the average 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 Myanmar ($1,134 per ton), while the average price for exports to Lao People's Democratic Republic stood at $199 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+1.4%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Thailand
Imports of acids; saturated acyclic monocarboxylic acids; formic acids into Thailand declined rapidly to 8.6K tons in 2022, waning by -49.8% against 2021 figures. In general, imports recorded a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 147%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids contracted notably to $9.3M in 2022. Over the period under review, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 276% against the previous year. As a result, imports attained the peak of $16M, and then fell remarkably in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 2.1 | 10.3 | 8.0 | 22.1% |
| Germany | 1.4 | 0.6 | 0.3 | 0.3 | -40.2% |
| Finland | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Others | 7.1 | 1.3 | 4.8 | 0.7 | -53.8% |
| Total | 13.3 | 4.2 | 15.8 | 9.3 | -11.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Thailand in 2022:
- China (8.0K tons)
- Germany (0.3K tons)
- Finland (0.2K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Thailand
In 2022, exports of acids; saturated acyclic monocarboxylic acids; formic acids from Thailand soared to 4.7K tons, rising by 174% compared with 2021 figures. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 199% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $1M in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 191% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 3.5 | 128 | 355 | 921 | 540.8% |
| Myanmar | 155 | 91.0 | 288 | 82.0 | -19.1% |
| Others | 230 | 2.2 | N/A | 37.3 | -45.5% |
| Total | 388 | 221 | 643 | 1,040 | 38.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Thailand in 2022:
- Lao People's Democratic Republic (4.6K tons)
- Myanmar (0.1K tons)
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