Petrochemical Industry
Petrochemical Industry in 2004
In 2004, the petrochemical industry isimproving with continual increase in products prices particularly in the third quarter of 2004 whichthey increase strongly and doubling due to extremelyrising crude oil prices in world market, while the demand for plastic bead in the global market is high resulting in large export and shortage of plastic bead in domestic market. However, its tight conditionshave eased upby the end of the year both prices and sales volume because therelated industrial manufacturers have slowed down their purchasing orders to observe the price situation. For the petrochemical production, entrepreneurs plan to increase their investments continuously by using more natural gases as raw materials. The import and export of petrochemical products in 2004 have increasedin all categories. The import values of upstream chemical products is Baht 8,123 million increased by 116% from last year, intermediate chemical products as of Baht 47,139 million increased by 53%, and downstream chemical products as of Baht 62,888 million increased by 49 %. The export values of upstream chemicals is Baht 29,501 million increased by 43% from last year, intermediate chemicals as of Baht 16,312 million increased by 33% and plastic bead as of Baht 119,034 million increased by 41 %.
Quarter/Year / Upstream Petrochemical(million Baht) / Intermediate Petrochemical
(million Baht) / Downstream Petrochemical
(million Baht)
Import / Export / Import / Export / Import / Export
Q1/2003 / 874 / 5,542 / 7,536 / 3,818 / 10,929 / 19,772
Q2/2003 / 1,031 / 5,746 / 7,440 / 3,740 / 10,223 / 20,396
Q3/2003 / 736 / 5,228 / 7,986 / 3,087 / 10,368 / 21,574
Q4/2003 / 1,157 / 4,124 / 7,918 / 1,644 / 10,088 / 22,923
2003 / 3,798 / 20,640 / 30,880 / 12,289 / 42,268 / 84,665
Q1/2004 / 1,963 / 3,957 / 8,918 / 3,079 / 12,313 / 24,702
Q2/2004 / 1,547 / 6,182 / 10,348 / 3,792 / 12,587 / 27,208
Q3/2004 / 1,974 / 8,773 / 11,025 / 4,561 / 14,828 / 29,846
Q4/2004* / 2,639 / 10,669 / 16,848 / 4,880 / 23,160 / 37,278
2004* / 8,123 / 29,501 / 47,139 / 16,312 / 62,888 / 119,034
Source:Information from the Customs Department
Downstream petrochemical products include those withthe customs code: 3817.10, 3901-3905, 3906.10, 3907, 3908.10, 3909, and 4002.
Trend in 2005
For the trend in 2005, it is expected that the petrochemical industry would continue to expand in line with the national economy and world market’s demand for petrochemical products, particularly the high demand fromChina. However, entrepreneurs would faceproblem of raw materialsdue to fluctuation of oil situation in world market. Natural gas has become one of the alternative raw materials that entrepreneurs consider to cope with such situation.
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Quarterly Import of Major Plastic BeadinThailandPlastic Bead / Customs Code
(10 Digits) / Quarter 3/2003 / Quarter 2/2004 / Quarter 3/2004 / Change (%)
Volume (ton) / Value
(million Baht) / Volume(ton) / Value (million Baht) / Volume (ton) / Value (million Baht) / Q-Q** / Y-Y**
LDPE/LLDPE / 3901100005 / 23,803 / 769,333 / 21,827 / 873 / 80,745 / 3,208 / 269.33 / 239.22
HDPE / 3901200007 / 20,402 / 569,024 / 21,854 / 772 / 62,658 / 2,264 / 186.71 / 207.12
EVA / 3901300009 / 3,872 / 211,469 / 4,279 / 222 / 14,627 / 725 / 241.86 / 277.77
PP / 3902100000 / 27,590 / 951,758 / 19,329 / 834 / 71,562 / 2,999 / 270.24 / 159.38
3902 300004 / 8,213 / 342,420 / 11,129 / 484 / 34,517 / 1,509 / 210.15 / 320.27
PS / 3903110007 / 2,861 / 117,644 / 2,724 / 130 / 9,141 / 458 / 235.60 / 219.48
3903190004 / 15,416 / 755,515 / 17,704 / 932 / 53,799 / 3,032 / 203.88 / 248.98
ABS/SAN / 3903200008 / 2,781 / 140,476 / 2,839 / 145 / 9,923 / 505 / 249.55 / 256.77
3903300004 / 14,742 / 883,206 / 17,671 / 1,445 / 53,799 / 3,742 / 204.44 / 264.93
PVC / 3904100001 / 10,631 / 317,971 / 4,971 / 193 / 15,557 / 639 / 212.96 / 46.33
3904210004 / 465 / 22,852 / 589 / 21 / 2,363 / 86 / 301.03 / 407.99
3904220005 / 1,283 / 73,506 / 1,393 / 83 / 4,646 / 308 / 233.53 / 262.22
PET / 3907600007 / 2,015 / 277,322 / 6,085 / 514 / 16,694 / 1,492 / 174.36 / 728.63
Total / 139,509 / 5,664,435 / 138,596 / 6,941 / 450,053 / 21,897 / 224.72 / 222.60
** Q-Q : Change in volume compared to last quarter
** Y-Y: Change in volume compared to the same quarter in the previous year
Quarterly Export of Major Plastic BeadinThailandCustoms Code
(10 Digits) / Quarter 3/2003 / Quarter 2/2004 / Quarter 3/2004 / Change (%)
Volume (ton) / Value
(million Baht) / Volume
(ton) / Value
(million Baht) / Volume (ton) / Value
(million Baht) / Q-Q** / Y-Y**
LDPE/LLDPE / 3901100005 / 53,576 / 1,518 / 67,191 / 2,345 / 187,589 / 6,697 / 179.19 / 250.13
HDPE / 3901200007 / 93,433 / 2,340 / 88,525 / 2,920 / 248,862 / 8,540 / 181.12 / 166.35
EVA / 3901300009 / 3,031 / 100 / 3,423 / 149 / 12,003 / 561 / 250.66 / 295.94
PP / 3902100000 / 75,334 / 2,179 / 107,732 / 3,669 / 369,938 / 9,864 / 243.39 / 391.06
3902 300004 / 36,606 / 1,164 / 25,163 / 904 / 77,837 / 2,892 / 209.33 / 112.64
PS / 3903110007 / 21,807 / 691 / 2,602 / 101 / 5,549 / 223 / 113.30 / -74.55
3903190004 / 36,095 / 1,241 / 50,364 / 1,961 / 153,266 / 6,480 / 204.31 / 324.62
ABS/SAN / 3903200008 / 5,841 / 236 / 6,342 / 241 / 17,614 / 740 / 177.73 / 201.58
3903300004 / 25,681 / 1,185 / 28,087 / 1,396 / 83,115 / 4,328 / 195.92 / 223.64
PVC / 3904100001 / 99,061 / 2,503 / 85,647 / 2,896 / 233,977 / 7,883 / 173.19 / 136.20
3904210004 / 446 / 17 / 1,168 / 54 / 3,339 / 157 / 185.87 / 648.72
3904220005 / 3,128 / 92 / 1,380 / 56 / 5,311 / 203 / 284.89 / 69.80
PET / 3907600007 / 58,821 / 4,076 / 70,320 / 5,119 / 220,746 / 16,589 / 213.92 / 275.29
Total / 570,293 / 19,237 / 604,488 / 24,363 / 1,813,196 / 72,671 / 199.96 / 217.94
** Q-Q : Change in volume compared to last quarter
** Y-Y: Change in volume compared to the same quarter in the previous year
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