Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Thailand - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Thailand (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Thailand (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Thailand
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Thailand
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Thailand (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $718 per ton in 2022, increasing by 31% against the previous year. Overall, the import price saw a measured increase. The growth pace was the most rapid in 2019 an increase of 87% against the previous year. As a result, import price attained the peak level of $1,329 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($16,127 per ton), while the price for Taiwan (Chinese) ($514 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+44.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Thailand (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $865 per ton in 2022, rising by 129% against the previous year. In general, the export price continues to indicate a strong increase. Over the period under review, the average export prices reached the maximum at $1,054 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From 2015 to 2022, the rate of growth in terms of prices for Cambodia amounted to +14.0% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Thailand
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -4.7% to 2.1K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 32%. As a result, imports attained the peak of 2.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $1.5M in 2022. Overall, imports saw a abrupt shrinkage.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 685 | 824 | 821 | 1,164 | 19.3% |
| Taiwan (Chinese) | 282 | 115 | 209 | 230 | -6.6% |
| Netherlands | 39.7 | 19.8 | 72.6 | 22.6 | -17.1% |
| Others | 1,302 | 103 | 133 | 125 | -54.2% |
| Total | 2,309 | 1,062 | 1,236 | 1,542 | -12.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Thailand in 2022:
- China (1649.5 tons)
- Taiwan (Chinese) (447.5 tons)
- Netherlands (23.9 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Thailand
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -73.6% to 36 tons, falling for the second year in a row after two years of growth. In general, exports faced a dramatic setback. The growth pace was the most rapid in 2020 with an increase of 502%. As a result, the exports reached the peak of 420 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses shrank significantly to $31K in 2022. Overall, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 158% against the previous year. As a result, the exports reached the peak of $189K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 19.0 | 9.0 | 4.9 | 30.8 | 17.5% |
| Iran | 10.2 | N/A | N/A | N/A | 0% |
| China | 7.2 | 42.1 | N/A | N/A | 484.7% |
| Lao People's Democratic Republic | 0.2 | 138 | 46.0 | N/A | 1416.6% |
| Others | 36.9 | N/A | N/A | N/A | 0% |
| Total | 73.4 | 189 | 51.0 | 30.8 | -25.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Thailand in 2022:
- Vietnam (35.7 tons)
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