Thailand - Toluene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingToluene Price in Thailand - 2023
Contents:
- Toluene Price in Thailand (FOB) - 2023
- Toluene Price in Thailand (CIF) - 2022
- Toluene Exports in Thailand
- Toluene Imports in Thailand
Toluene Price in Thailand (FOB) - 2023
The average toluene export price stood at $1,064 per ton in July 2023, which is down by -3.9% against the previous month. In general, the export price saw a slight slump. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 12% month-to-month. The export price peaked at $1,289 per ton in August 2022; however, from September 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was Vietnam ($1,109 per ton), while the average price for exports to Singapore ($1,041 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+77.4%), while the prices for the other major destinations experienced a decline.
Toluene Price in Thailand (CIF) - 2022
The average toluene import price stood at $2,153 per ton in 2022, which is down by -81% against the previous year. Over the period under review, the import price, however, saw a prominent increase. The growth pace was the most rapid in 2021 an increase of 481%. As a result, import price attained the peak level of $11,354 per ton, and then reduced notably in the following year.
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 China ($14,056 per ton), while the price for South Korea ($397 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-6.3%), while the prices for the other major suppliers experienced a decline.
Toluene Exports in Thailand
After three years of growth, shipments abroad of toluene decreased by -31.6% to 213K tons in 2022. Overall, exports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 24%.
In value terms, toluene exports reached $256M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +64.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Toluene in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 97.8 | 97.1 | 154 | 150 | 15.3% |
| Vietnam | 27.6 | 24.9 | 42.3 | 59.9 | 29.5% |
| Indonesia | 24.0 | 15.3 | 17.4 | 34.9 | 13.3% |
| Singapore | 4.6 | 1.8 | 16.6 | 7.8 | 19.2% |
| Malaysia | 8.9 | 2.1 | 4.1 | 1.0 | -51.7% |
| China | 5.4 | 14.0 | 10.5 | N/A | 39.4% |
| Others | 0.5 | 0.9 | 3.1 | 1.8 | 53.3% |
| Total | 169 | 156 | 248 | 256 | 14.8% |
Top Export Markets for Toluene from Thailand in 2022:
- India (129.0K tons)
- Vietnam (45.7K tons)
- Indonesia (30.0K tons)
- Singapore (6.2K tons)
- Malaysia (1.0K tons)
Toluene Imports in Thailand
Toluene imports into Thailand surged to 1.3K tons in 2022, picking up by 463% against 2021. In general, imports, however, showed a dramatic slump.
In value terms, toluene imports stood at $2.8M in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 1,174% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Toluene in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 2.8 | 2,466 | 1,165 | 1939.8% |
| Japan | 42.8 | 61.9 | 62.4 | 597 | 140.7% |
| Germany | 34.2 | 66.9 | 25.5 | 397 | 126.4% |
| South Korea | 50.4 | 45.1 | 4.8 | 273 | 75.6% |
| United States | 16.9 | 11.5 | 23.1 | 128 | 96.4% |
| France | 9.9 | 2.6 | 3.4 | 85.8 | 105.4% |
| United Kingdom | N/A | 0.1 | 0.9 | 51.5 | 2169.4% |
| Singapore | 2,097 | N/A | N/A | N/A | 0% |
| Others | 6.7 | 12.6 | 7.3 | 73.8 | 122.5% |
| Total | 2,258 | 204 | 2,594 | 2,770 | 7.0% |
Top Suppliers of Toluene to Thailand in 2022:
- South Korea (686.3 tons)
- Germany (185.8 tons)
- Japan (122.8 tons)
- China (82.9 tons)
- United States (68.4 tons)
- France (48.1 tons)
- United Kingdom (39.1 tons)
This report provides an in-depth analysis of the toluene market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20141225 - Toluene
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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