Thailand - Propene (Propylene) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropene Price in Thailand - 2023
Contents:
- Propene Price in Thailand (FOB) - 2023
- Propene Price in Thailand (CIF) - 2023
- Propene Exports in Thailand
- Propene Imports in Thailand
Propene Price in Thailand (FOB) - 2023
The average propene export price stood at $684 per ton in July 2023, shrinking by -15.2% against the previous month. Over the period under review, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 6.6% against the previous month. The export price peaked at $980 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In July 2023, the country with the highest price was Indonesia ($705 per ton), while the average price for exports to China totaled $673 per ton.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.
Propene Price in Thailand (CIF) - 2023
The average propene import price stood at $929 per ton in May 2023, falling by -14.4% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 9.7% against the previous month. The import price peaked at $1,086 per ton in April 2023, and then contracted in the following month.
As there is only one major supplying country, the average price level is determined by prices for Malaysia.
From September 2022 to May 2023, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +1.6% per month.
Propene Exports in Thailand
After three years of growth, overseas shipments of propene (propylene) decreased by -47% to 132K tons in 2022. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, the exports reached the peak of 248K tons, and then plummeted in the following year.
In value terms, propene exports shrank significantly to $145M in 2022. Overall, exports, however, recorded modest growth. The growth pace was the most rapid in 2021 with an increase of 89% against the previous year. As a result, the exports reached the peak of $251M, and then shrank notably in the following year.
| Export of Propene in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 20.5 | 13.8 | 30.1 | 38.2 | 23.1% |
| Indonesia | 27.3 | 12.7 | 33.0 | 37.1 | 10.8% |
| Vietnam | N/A | 70.1 | 127 | 20.7 | -45.7% |
| Malaysia | N/A | N/A | 13.9 | 18.1 | 30.2% |
| China | 52.0 | 24.6 | 16.7 | 9.7 | -42.9% |
| Egypt | N/A | N/A | N/A | 8.8 | 0% |
| India | N/A | N/A | 4.6 | 7.9 | 71.7% |
| South Korea | 2.1 | N/A | 1.5 | 2.8 | 10.1% |
| Taiwan (Chinese) | 25.4 | 9.5 | 22.4 | 2.1 | -56.4% |
| Philippines | 12.9 | 2.2 | 2.1 | N/A | -59.7% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 140 | 133 | 251 | 145 | 1.2% |
Top Export Markets for Propene from Thailand in 2022:
- Singapore (34.4K tons)
- Indonesia (32.6K tons)
- Vietnam (20.9K tons)
- Malaysia (15.5K tons)
- China (9.3K tons)
- Egypt (7.1K tons)
- India (7.1K tons)
- South Korea (2.4K tons)
- Taiwan (Chinese) (2.3K tons)
Propene Imports in Thailand
In 2022, the amount of propene (propylene) imported into Thailand soared to 72K tons, rising by 118% compared with the previous year's figure. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, propene imports soared to $68M in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Propene in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 4.4 | 15.3 | 10.1 | 33.4 | 96.5% |
| Taiwan (Chinese) | 8.4 | 2.2 | 2.3 | 23.4 | 40.7% |
| South Korea | 10.7 | 4.3 | 10.5 | 7.0 | -13.2% |
| Saudi Arabia | 1.4 | 3.0 | 2.8 | 3.0 | 28.9% |
| Indonesia | N/A | N/A | 2.5 | 1.6 | -36.0% |
| Philippines | N/A | 9.4 | N/A | N/A | 0% |
| Singapore | 4.4 | 16.9 | 6.0 | N/A | 16.8% |
| Netherlands | 4.6 | N/A | N/A | N/A | 0% |
| Turkey | N/A | 3.5 | N/A | N/A | 0% |
| Others | 2.0 | 1.7 | 2.3 | N/A | 7.2% |
| Total | 36.0 | 56.2 | 36.5 | 68.4 | 23.9% |
Top Suppliers of Propene to Thailand in 2022:
- Malaysia (35.3K tons)
- Taiwan (Chinese) (24.8K tons)
- South Korea (6.7K tons)
- Saudi Arabia (3.1K tons)
- Indonesia (1.6K tons)
This report provides an in-depth analysis of the propene 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 20141140 - Propene (propylene)
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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