Oxygen-Function Amino-Compounds Price in Thailand - 2023
Contents:
- Oxygen-Function Amino-Compounds Price in Thailand (CIF) - 2022
- Oxygen-Function Amino-Compounds Price in Thailand (FOB) - 2023
- Oxygen-Function Amino-Compounds Imports in Thailand
- Oxygen-Function Amino-Compounds Exports in Thailand
Oxygen-Function Amino-Compounds Price in Thailand (CIF) - 2022
In 2022, the average oxygen-function amino-compounds import price amounted to $1,720 per ton, with an increase of 17% against the previous year. Over the period under review, the import price, however, recorded a slight decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 22% against the previous year. The import price peaked at $1,966 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($1,626 per ton) and Indonesia ($1,585 per ton), while the price for Saudi Arabia ($1,109 per ton) and Vietnam ($1,411 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.7%), while the prices for the other major suppliers experienced a decline.
Oxygen-Function Amino-Compounds Price in Thailand (FOB) - 2023
In September 2023, the average oxygen-function amino-compounds export price amounted to $1,706 per ton, remaining stable against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 20% month-to-month. Over the period under review, the average export prices hit record highs at $2,407 per ton in February 2023; however, from March 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Lao People's Democratic Republic ($2,401 per ton), while the average price for exports to India ($1,040 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Oxygen-Function Amino-Compounds Imports in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas purchases of oxygen-function amino-compoundses, which increased by 0.1% to 225K tons in 2022. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, oxygen-function amino-compounds imports surged to $387M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.1% 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 +64.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Oxygen-Function Amino-Compounds in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 170 | 187 | 250 | 315 | 22.8% |
| Saudi Arabia | 5.9 | 9.3 | 11.9 | 13.7 | 32.4% |
| Indonesia | 15.0 | 5.7 | 7.2 | 8.0 | -18.9% |
| Others | 44.2 | 56.0 | 60.2 | 50.2 | 4.3% |
| Total | 235 | 258 | 330 | 387 | 18.1% |
Top Suppliers of Oxygen-Function Amino-Compounds to Thailand in 2022:
- China (194.0K tons)
- Saudi Arabia (12.3K tons)
- Indonesia (5.0K tons)
Oxygen-Function Amino-Compounds Exports in Thailand
In 2022, the amount of oxygen-function amino-compoundses exported from Thailand declined slightly to 133K tons, with a decrease of -2% on the year before. In general, exports continue to indicate a slight curtailment. The growth pace was the most rapid in 2021 with an increase of 31%.
In value terms, oxygen-function amino-compounds exports reached $261M in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Oxygen-Function Amino-Compounds in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 49.0 | 37.8 | 41.2 | 48.1 | -0.6% |
| Lao People's Democratic Republic | 43.7 | 38.3 | 40.4 | 44.1 | 0.3% |
| Myanmar | 4.8 | 33.2 | 43.7 | 41.4 | 105.1% |
| China | 26.0 | 35.3 | 45.1 | 30.4 | 5.3% |
| Philippines | 27.3 | 14.8 | 19.4 | 25.8 | -1.9% |
| Vietnam | 10.6 | 22.9 | 18.7 | 19.2 | 21.9% |
| India | 20.8 | 4.8 | 14.5 | 12.1 | -16.5% |
| Taiwan (Chinese) | 10.9 | 6.0 | 10.9 | 10.0 | -2.8% |
| Indonesia | 3.7 | 2.7 | 6.0 | 4.0 | 2.6% |
| Bangladesh | 4.9 | 1.1 | 1.7 | 3.9 | -7.3% |
| Australia | 3.7 | 1.6 | 2.5 | 3.4 | -2.8% |
| Others | 46.6 | 7.9 | 15.5 | 19.2 | -25.6% |
| Total | 252 | 206 | 260 | 261 | 1.2% |
Top Export Markets for Oxygen-Function Amino-Compounds from Thailand in 2022:
- Cambodia (22.1K tons)
- Myanmar (22.0K tons)
- Lao People's Democratic Republic (18.6K tons)
- Philippines (15.7K tons)
- Vietnam (11.9K tons)
- China (9.4K tons)
- India (8.3K tons)
- Taiwan (Chinese) (6.5K tons)
- Indonesia (2.9K tons)
- Australia (2.4K tons)
- Bangladesh (2.2K tons)
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