Thailand - Methyloxirane (Propylene Oxide) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropylene Oxide Price in Thailand - 2023
Contents:
- Propylene Oxide Price in Thailand (FOB) - 2023
- Propylene Oxide Price in Thailand (CIF) - 2022
- Propylene Oxide Exports in Thailand
- Propylene Oxide Imports in Thailand
Propylene Oxide Price in Thailand (FOB) - 2023
In September 2023, the average propylene oxide export price amounted to $898 per ton, falling by -2.7% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 37% m-o-m. As a result, the export price reached the peak level of $1,210 per ton. From May 2023 to September 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In September 2023, the country with the highest price was India ($1,210 per ton), while the average price for exports to China totaled $877 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Propylene Oxide Price in Thailand (CIF) - 2022
The average propylene oxide import price stood at $2,136 per ton in 2022, with an increase of 2.4% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propylene oxide import price increased by +73.8% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 67%. The import price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($1,956 per ton), while the price for Japan amounted to $1,708 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Propylene Oxide Exports in Thailand
In 2022, overseas shipments of methyloxirane (propylene oxide) decreased by -21.5% to 145K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 82%. As a result, the exports reached the peak of 185K tons, and then dropped remarkably in the following year.
In value terms, propylene oxide exports fell remarkably to $182M in 2022. In general, exports, however, showed a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 219%. As a result, the exports attained the peak of $356M, and then declined significantly in the following year.
| Export of Propylene Oxide in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 123 | 104 | 290 | 117 | -1.7% |
| Taiwan (Chinese) | 11.4 | 8.0 | 33.0 | 23.3 | 26.9% |
| Japan | N/A | N/A | 3.8 | 18.7 | 392.1% |
| Malaysia | N/A | N/A | 13.3 | 8.6 | -35.3% |
| Netherlands | N/A | N/A | N/A | 4.3 | 0% |
| United States | N/A | N/A | N/A | 3.9 | 0% |
| South Korea | N/A | N/A | 15.6 | 2.8 | -82.1% |
| Others | 10.9 | N/A | 1.2 | 3.5 | -31.5% |
| Total | 145 | 112 | 356 | 182 | 7.9% |
Top Export Markets for Propylene Oxide from Thailand in 2022:
- China (96.5K tons)
- Taiwan (Chinese) (19.0K tons)
- Japan (13.8K tons)
- Malaysia (6.5K tons)
- Netherlands (3.0K tons)
- United States (2.5K tons)
- South Korea (2.1K tons)
Propylene Oxide Imports in Thailand
In 2022, overseas purchases of methyloxirane (propylene oxide) decreased by -7% to 7.4K tons, falling for the second year in a row after two years of growth. In general, imports recorded a sharp setback. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. As a result, imports reached the peak of 23K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, propylene oxide imports dropped to $16M in 2022. Over the period under review, imports saw a pronounced decline. The pace of growth was the most pronounced in 2020 with an increase of 56% against the previous year. As a result, imports attained the peak of $28M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Propylene Oxide in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 15.8 | 14.6 | 1.9 | 14.3 | -3.3% |
| Saudi Arabia | 1.3 | 4.6 | 4.3 | N/A | 81.9% |
| Singapore | N/A | 6.5 | 10.1 | N/A | 55.4% |
| Others | 1.1 | 2.7 | 0.3 | 1.4 | 8.4% |
| Total | 18.2 | 28.4 | 16.6 | 15.8 | -4.6% |
Top Suppliers of Propylene Oxide to Thailand in 2022:
- South Korea (7.3K tons)
This report provides an in-depth analysis of the propylene oxide 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 20146375 - Methyloxirane (propylene oxide)
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.
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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
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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
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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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