Price for Dyes; Pigments and Preparations Based Thereon in Thailand - 2024
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in Thailand (CIF) - 2024
- Price for Dyes; Pigments and Preparations Based Thereon in Thailand (FOB) - 2024
- Imports of Dyes; Pigments and Preparations Based Thereon in Thailand
- Exports of Dyes; Pigments and Preparations Based Thereon in Thailand
Price for Dyes; Pigments and Preparations Based Thereon in Thailand (CIF) - 2024
In January 2024, the average import price for dyes; pigments and preparations based therea amounted to $6,766 per ton, which is down by -18.6% against the previous month. In general, the import price saw a pronounced decline. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 12% against the previous month. Over the period under review, average import prices attained the peak figure at $9,393 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($26,178 per ton), while the price for India ($5,382 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Pigments and Preparations Based Thereon in Thailand (FOB) - 2024
In January 2024, the average export price for dyes; pigments and preparations based therea amounted to $6,405 per ton, jumping by 18% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 28% m-o-m. Over the period under review, the average export prices hit record highs in January 2024.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($12,329 per ton), while the average price for exports to Lao People's Democratic Republic ($3,006 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Pigments and Preparations Based Thereon in Thailand
In 2022, supplies from abroad of dyes; pigments and preparations based therea decreased by -13.7% to 9.2K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. As a result, imports attained the peak of 11K tons, and then reduced in the following year.
In value terms, imports of dyes; pigments and preparations based therea declined to $87M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports attained the peak of $99M, and then dropped in the following year.
| Import of Dyes; Pigments and Preparations Based Thereon in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.5 | 35.5 | 41.1 | 37.5 | 6.0% |
| India | 15.5 | 15.3 | 21.2 | 19.1 | 7.2% |
| Japan | 7.2 | 6.0 | 7.7 | 6.8 | -1.9% |
| Germany | 8.1 | 6.3 | 6.5 | 5.9 | -10.0% |
| Malaysia | 3.5 | 4.4 | 5.1 | 3.6 | 0.9% |
| Taiwan (Chinese) | 1.7 | 2.0 | 2.7 | 2.4 | 12.2% |
| South Korea | 2.7 | 3.0 | 3.2 | 2.4 | -3.9% |
| Vietnam | 0.8 | 1.0 | 0.8 | 1.1 | 11.2% |
| Others | 9.6 | 8.4 | 10.4 | 8.6 | -3.6% |
| Total | 80.6 | 81.9 | 98.8 | 87.3 | 2.7% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Thailand in 2022:
- China (4.4K tons)
- India (2.4K tons)
- Malaysia (0.7K tons)
- Japan (0.3K tons)
- Germany (0.3K tons)
- Taiwan (Chinese) (0.2K tons)
- Vietnam (0.2K tons)
- South Korea (0.2K tons)
Exports of Dyes; Pigments and Preparations Based Thereon in Thailand
For the fourth consecutive year, Thailand recorded growth in shipments abroad of dyes; pigments and preparations based therea, which increased by 6.4% to 1.9K tons in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 49% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of dyes; pigments and preparations based therea dropped markedly to $9M in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year.
| Export of Dyes; Pigments and Preparations Based Thereon in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1,533 | 1,765 | 1,512 | 1,285 | -5.7% |
| Cambodia | 598 | 596 | 1,033 | 1,258 | 28.1% |
| Vietnam | 849 | 815 | 767 | 1,157 | 10.9% |
| Bangladesh | 1,014 | 1,090 | 1,022 | 887 | -4.4% |
| Indonesia | 514 | 926 | 994 | 782 | 15.0% |
| Australia | 0.7 | 17.6 | 376 | 696 | 898.1% |
| Myanmar | 18.4 | 264 | 276 | 630 | 224.7% |
| Lao People's Democratic Republic | 112 | 487 | 780 | 562 | 71.2% |
| India | 108 | 129 | 215 | 348 | 47.7% |
| China | 113 | 168 | 136 | 347 | 45.4% |
| Japan | 484 | 148 | 247 | 275 | -17.2% |
| Philippines | 187 | 177 | 200 | 113 | -15.5% |
| United States | 468 | 2,354 | 2,785 | 40.9 | -55.6% |
| Others | 1,833 | 931 | 808 | 578 | -31.9% |
| Total | 7,832 | 9,867 | 11,150 | 8,958 | 4.6% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Thailand in 2022:
- Cambodia (383.2 tons)
- Bangladesh (217.9 tons)
- Vietnam (214.9 tons)
- Indonesia (185.2 tons)
- Myanmar (177.2 tons)
- Lao People's Democratic Republic (172.6 tons)
- Malaysia (123.4 tons)
- India (105.3 tons)
- Australia (85.9 tons)
- China (47.2 tons)
- Japan (46.8 tons)
- Philippines (22.9 tons)
- United States (5.8 tons)
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