Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Thailand - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Thailand (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Thailand (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Thailand
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Thailand
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Thailand (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,566 per ton in 2022, jumping by 18% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $1,762 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($2,727 per ton), while the price for Germany ($1,183 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Thailand (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $3,566 per ton in 2022, growing by 7.8% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,216 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($5,040 per ton), while the average price for exports to Myanmar ($3,159 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Thailand
Imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses into Thailand skyrocketed to 9.3K tons in 2022, increasing by 29% compared with 2021. The total import volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses soared to $15M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.1 | 1.8 | 2.0 | 3.3 | 44.2% |
| Germany | 2.7 | 2.6 | 1.1 | 3.3 | 6.9% |
| China | 0.6 | 0.7 | 1.3 | 2.5 | 60.9% |
| Sweden | 4.0 | 2.2 | 2.1 | 2.1 | -19.3% |
| Netherlands | 0.8 | 0.7 | 1.1 | 1.0 | 7.7% |
| Taiwan (Chinese) | 0.6 | 0.4 | 0.6 | 0.7 | 5.3% |
| Canada | 0.4 | 0.4 | 0.4 | 0.6 | 14.5% |
| Belgium | 0.3 | 0.4 | 0.3 | 0.4 | 10.1% |
| Others | 0.6 | 0.6 | 0.7 | 0.7 | 5.3% |
| Total | 11.1 | 9.9 | 9.5 | 14.5 | 9.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Thailand in 2022:
- Germany (2.8K tons)
- China (2.0K tons)
- United States (1.7K tons)
- Sweden (1.5K tons)
- Netherlands (0.4K tons)
- Taiwan (Chinese) (0.3K tons)
- Canada (0.2K tons)
- Belgium (0.2K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Thailand
In 2022, approx. 27 tons of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses were exported from Thailand; jumping by 43% on 2021 figures. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% 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 decreased by -9.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 70% against the previous year. As a result, the exports attained the peak of 30 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses soared to $97K in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.2% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 51%. As a result, the exports reached the peak of $101K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 10.8 | 0.9 | 21.8 | 60.9 | 78.0% |
| Lao People's Democratic Republic | 44.9 | 57.1 | 53.0 | 30.2 | -12.4% |
| Malaysia | 2.1 | 42.9 | 3.7 | 4.6 | 29.9% |
| Vietnam | 8.8 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 3.6 | 0.8 | 100.0% |
| Total | 66.6 | 101 | 82.2 | 96.5 | 13.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Thailand in 2022:
- Myanmar (19.3 tons)
- Lao People's Democratic Republic (6.6 tons)
- Malaysia (0.9 tons)
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