Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Thailand - 2024
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Thailand (CIF) - 2024
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Thailand (FOB) - 2024
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Thailand
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Thailand
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Thailand (CIF) - 2024
In November 2023, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $625 per ton, with an increase of 6% against the previous month. Over the period from January 2023 to November 2023, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in September 2023 an increase of 11% m-o-m. Over the period under review, average import prices attained the maximum in November 2023.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Singapore ($755 per ton) and Malaysia ($740 per ton), while the price for the United Arab Emirates ($512 per ton) and Saudi Arabia ($520 per ton) were amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Thailand (FOB) - 2024
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $601 per ton in November 2023, falling by -3.2% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 16% month-to-month. Over the period under review, the average export prices hit record highs at $636 per ton in September 2023; however, from October 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Malaysia ($869 per ton), while the average price for exports to Singapore ($527 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Thailand
In 2022, after three years of growth, there was significant decline in supplies from abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, when their volume decreased by -28.6% to 6.3M tons. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of 8.8M tons, and then reduced markedly in the following year.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s contracted to $3.6B in 2022. In general, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +3.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 69%. As a result, imports reached the peak of $4.2B, and then contracted in the following year.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 716 | 673 | 1,823 | 1,361 | 23.9% |
| Kuwait | 411 | 281 | 385 | 625 | 15.0% |
| Singapore | 518 | 536 | 325 | 518 | 0.0% |
| Qatar | 317 | 232 | 763 | 420 | 9.8% |
| Saudi Arabia | 396 | 199 | 282 | 376 | -1.7% |
| Bahrain | 139 | 68.4 | 150 | 151 | 2.8% |
| Malaysia | 179 | 68.5 | 113 | 75.1 | -25.1% |
| Algeria | 259 | 77.8 | 140 | 34.0 | -49.2% |
| Others | 358 | 334 | 192 | 53.4 | -47.0% |
| Total | 3,293 | 2,469 | 4,173 | 3,613 | 3.1% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Thailand in 2022:
- United Arab Emirates (2516.4K tons)
- Kuwait (1109.1K tons)
- Qatar (772.7K tons)
- Singapore (690.7K tons)
- Saudi Arabia (687.5K tons)
- Bahrain (279.7K tons)
- Malaysia (101.1K tons)
- Algeria (67.1K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Thailand
In 2022, the amount of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s exported from Thailand contracted to 2.6M tons, with a decrease of -5.2% on 2021 figures. In general, exports showed a noticeable curtailment. The smallest decline of -1.1% was in 2021.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $1.8B in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 60%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 346 | 243 | 427 | 644 | 23.0% |
| Singapore | 552 | 261 | 371 | 428 | -8.1% |
| Lao People's Democratic Republic | 164 | 121 | 172 | 266 | 17.5% |
| Myanmar | 131 | 72.7 | 140 | 205 | 16.1% |
| Malaysia | 51.8 | 75.8 | 53.7 | 80.5 | 15.8% |
| Vietnam | 37.2 | 6.0 | 17.3 | 41.1 | 3.4% |
| China | 156 | 54.8 | 21.7 | 38.2 | -37.4% |
| South Korea | N/A | N/A | 134 | 35.7 | -73.4% |
| Japan | 88.0 | 30.6 | 68.6 | 30.7 | -29.6% |
| India | 20.3 | 26.5 | 13.7 | 15.1 | -9.4% |
| Others | 23.1 | 23.5 | 43.4 | 47.6 | 27.3% |
| Total | 1,569 | 914 | 1,463 | 1,831 | 5.3% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Thailand in 2022:
- Cambodia (901.7K tons)
- Singapore (669.9K tons)
- Lao People's Democratic Republic (362.1K tons)
- Myanmar (295.0K tons)
- Malaysia (110.0K tons)
- Vietnam (66.3K tons)
- South Korea (51.5K tons)
- China (48.3K tons)
- Japan (43.0K tons)
- India (23.5K tons)
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