Hydantoin Market Overview in Thailand
In value terms, hydantoin production stood at $9.1M in 2010 estimated in export prices. Overall, hydantoin production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when production volume increased by 24% y-o-y. In that year, hydantoin production attained its peak level of $11M, and then declined slightly in the following year.
The revenue of the hydantoin market in Thailand amounted to $8.4M in 2010, falling by -7.4% 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). Overall, hydantoin consumption continues to indicate a drastic deduction. The pace of growth appeared the most rapid in 2009 with a decrease of -1.4% year-to-year. Hydantoin consumption peaked at $9.5M in 2007; however, from 2008 to 2010, consumption remained at a lower figure.