Thailand: Other Chemical Products Market 2024

Other Chemical Products Market Size in Thailand

The Thai other chemical products market dropped to $X in 2023, falling by X% against the previous year. In general, consumption recorded a abrupt slump. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Other Chemical Products Production in Thailand

In value terms, other chemical products production totaled less than $X in 2023 estimated in export price. Over the period under review, production, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

Other Chemical Products Exports

Exports from Thailand

In 2016, approx. X tons of other chemical products were exported from Thailand; rising by X% compared with 2015 figures. The total export volume increased at an average annual rate of X% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products exports skyrocketed to $X in 2016. The total export value increased at an average annual rate of X% from 2012 to 2016; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons), Japan (X tons) and India (X tons) were the main destinations of other chemical products exports from Thailand, with a combined X% share of total exports.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other chemical products exported from Thailand were Vietnam ($X), Japan ($X) and China ($X), with a combined X% share of total exports. India, Indonesia, the United States, Taiwan (Chinese), South Africa, Australia, Malaysia, Egypt, Myanmar and Pakistan lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2016, dropping by X% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 a decrease of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2016, the export prices stood at a somewhat lower figure.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Thailand

In 2016, overseas purchases of other chemical products decreased by X% to X tons, falling for the second consecutive year after three years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2016; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2016, imports stood at a somewhat lower figure.

In value terms, other chemical products imports reached $X in 2016. The total import value increased at an average annual rate of X% from 2012 to 2016; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2016 and are expected to retain growth in years to come.

Imports by Country

In 2016, China (X tons) constituted the largest other chemical products supplier to Thailand, with a X% share of total imports. Moreover, other chemical products imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with an X% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

In value terms, the largest other chemical products suppliers to Thailand were China ($X), Japan ($X) and the United States ($X), with a combined X% share of total imports. Germany, Singapore, Taiwan (Chinese), Malaysia, the UK, South Korea, India, Australia and Ireland lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2016, rising by X% against the previous year. Over the last four-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2016 and is likely to continue growth in the immediate term.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform