Thailand: Market for Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol) 2024

Market Size for Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol) in Thailand

After three years of growth, the Thai diols and polyhydric alcohols market decreased by X% to $X in 2023. Overall, the total consumption indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Diols and polyhydric alcohols consumption peaked at $X in 2022, and then shrank rapidly in the following year.

Production of Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol) in Thailand

In value terms, diols and polyhydric alcohols production declined remarkably to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Diols and polyhydric alcohols production peaked at $X in 2022, and then dropped rapidly in the following year.

Exports of Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol)

Exports from Thailand

In 2023, approx. X tons of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) were exported from Thailand; jumping by X% on 2022. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, diols and polyhydric alcohols exports fell to $X in 2023. In general, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for diols and polyhydric alcohols exports from Thailand, accounting for a X% share of total exports. Moreover, diols and polyhydric alcohols exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) constituted the largest markets for diols and polyhydric alcohols exported from Thailand worldwide, with a combined X% share of total exports. South Korea, India, Spain and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average diols and polyhydric alcohols export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol)

Imports into Thailand

In 2023, purchases abroad of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a notable expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, diols and polyhydric alcohols imports dropped dramatically to $X in 2023. Over the period under review, imports, however, saw a temperate increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of diols and polyhydric alcohols imports to Thailand, with a combined X% share of total imports. The United States, Germany, Taiwan (Chinese) and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and South Korea ($X) were the largest diols and polyhydric alcohols suppliers to Thailand, with a combined X% share of total imports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average diols and polyhydric alcohols import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform