Carboxylic Acid Market Overview in Thailand
In value terms, carboxylic acid production contracted to $ in estimated in export prices. In general, production, however, showed a slight slump. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Carboxylic acid production peaked at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.
The revenue of the carboxylic acid market in Thailand was estimated at $ in , remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption remained at a lower figure.