Aromatic polycarboxylic acids market
Aromatic Polycarboxylic Acids - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | India |
| 3 | Russia |
| 4 | United States |
| 5 | Bangladesh |
In value terms, China led the market, alone. The second position in the ranking was occupied by India. It was followed by Russia.
From 2018 to 2020, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: India (+4.2% per year) and Russia (-5.1% per year).
Aromatic Polycarboxylic Acids, Their Anhydrides, Halides, Peroxides, Peroxyacids And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| South Korea | 1382 | 1001 | 837 | -22.2% |
| Germany | 1272 | 1241 | 961 | -13.1% |
| Spain | 1436 | 1165 | 995 | -16.8% |
| Turkey | 1330 | 1223 | 1011 | -12.8% |
| Netherlands | 1626 | 1344 | 1157 | -15.6% |
| Belgium | 1544 | 1526 | 1165 | -13.1% |
| Japan | 2103 | 1417 | 1319 | -20.8% |
| United States | 1975 | 2038 | 1732 | -6.4% |
| India | 2847 | 3061 | 1947 | -17.3% |
| Italy | 2550 | 2191 | 2143 | -8.3% |
| China | 3625 | 2999 | 2481 | -17.3% |
| Average | 1725 | 1395 | 1242 | -15.1% |
Prices varied noticeably by the country of origin; the country with the highest price was China ($2,481 per ton), while South Korea ($837 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Japan | 3045 | 2418 | 2184 | -15.3% |
| United States | 2314 | 2506 | 2029 | -6.4% |
| Germany | 2337 | 2043 | 1864 | -10.7% |
| Vietnam | 1452 | 1387 | 1187 | -9.6% |
| Egypt | 1505 | 1443 | 1186 | -11.2% |
| Italy | 1558 | 1241 | 1159 | -13.8% |
| Mexico | 1652 | 1316 | 1149 | -16.6% |
| Brazil | 1519 | 1157 | 1125 | -13.9% |
| India | 1693 | 1333 | 1111 | -19.0% |
| Belgium | 1552 | 1386 | 1050 | -17.7% |
| Netherlands | 1232 | 1289 | 946 | -12.4% |
| China | 1472 | 968 | 804 | -26.1% |
| Luxembourg | 1071 | 1107 | 640 | -22.7% |
| Average | 1747 | 1414 | 1178 | -17.9% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($2,184 per ton), while Luxembourg ($640 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced a decline in the import price figures.
Aromatic Polycarboxylic Acids, Their Anhydrides, Halides, Peroxides, Peroxyacids and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 0.6 | 0.4 | 0.4 | -23.1% |
| United States | 0.3 | 0.3 | 0.2 | -17.1% |
| Egypt | 0.00622979 | 0.007119506 | 0.1 | 387.2% |
| Italy | 0.1 | 0.1 | 0.1 | -12.4% |
| Japan | 0.1 | 0.09 | 0.1 | -3.4% |
In value terms, the largest aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their halogenated, sulphonated, nitrated or nitrosated derivatives importing markets worldwide were China ($384M), the United States ($194M) and Egypt ($148M), with a combined 36% share of global imports.
Among the main importing countries, Egypt (+387.2% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Aromatic Polycarboxylic Acids, Their Anhydrides, Halides, Peroxides, Peroxyacids and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| South Korea | 0.7 | 0.5 | 0.5 | -21.8% |
| China | 0.3 | 0.3 | 0.2 | -18.3% |
| United States | 0.3 | 0.2 | 0.2 | -14.6% |
| Spain | 0.3 | 0.2 | 0.2 | -24.7% |
| Japan | 0.1 | 0.1 | 0.1 | -5.9% |
In value terms, South Korea ($453M) remains the largest aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their halogenated, sulphonated, nitrated or nitrosated derivatives supplier worldwide, comprising 26% of global exports. The second position in the ranking was occupied by China ($225M), with a 13% share of global exports. It was followed by the United States, with a 11% share.
From 2018 to 2020, the average annual rate of growth in terms of value in South Korea totaled -21.8%. The remaining exporting countries recorded the following average annual rates of exports growth: China (-18.3% per year) and the United States (-14.6% per year).
Aromatic Polycarboxylic Acids, Their Anhydrides, Halides, Peroxides, Peroxyacids and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Forecast
Driven by increasing demand for aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their halogenated, sulphonated, nitrated or nitrosated derivatives worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Aromatic Polycarboxylic Acids - Product Coverage
- HS 291737 - Acids; aromatic polycarboxylic acids; dimethyl terephthalate
- HS 291739 - Acids; aromatic polycarboxylic acids; n.e.s. in item no. 2917.3
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