Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Italy - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Italy (CIF) - 2023
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Italy
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Italy (CIF) - 2023
The average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $969 per ton in October 2023, picking up by 2% against the previous month. Overall, the import price, however, continues to indicate a mild slump. The pace of growth was the most pronounced in May 2023 when the average import price increased by 6.8% m-o-m. Over the period under review, average import prices reached the peak figure at $1,157 per ton in December 2022; however, from January 2023 to October 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Mexico ($973 per ton), while the price for Thailand ($960 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.9%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Italy
Imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses into Italy expanded sharply to 260K tons in 2022, increasing by 8.6% against the previous year. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $283M in 2022. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 48.6 | 36.5 | 52.4 | 87.0 | 21.4% |
| Mexico | 39.5 | 27.8 | 42.2 | 76.6 | 24.7% |
| Spain | 46.6 | 13.6 | 43.5 | 64.4 | 11.4% |
| Portugal | 5.5 | 4.4 | 9.1 | 26.5 | 68.9% |
| South Korea | 37.9 | 27.9 | 19.1 | 10.1 | -35.6% |
| Netherlands | 4.7 | 4.0 | 10.3 | 7.4 | 16.3% |
| Lithuania | N/A | N/A | N/A | 7.1 | 0% |
| Others | 2.5 | 2.7 | 7.8 | 4.3 | 19.8% |
| Total | 185 | 117 | 184 | 283 | 15.2% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Italy in 2022:
- Belgium (79.3K tons)
- Mexico (71.7K tons)
- Spain (59.3K tons)
- Portugal (23.6K tons)
- South Korea (9.6K tons)
- Lithuania (6.5K tons)
- Netherlands (6.3K tons)
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