Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in China - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in China (CIF) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in China (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in China
- Exports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in China
Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in China (CIF) - 2023
In December 2023, the average import price for acids; aromatic polycarboxylic acids; dimethyl terephthalates amounted to $1,386 per ton, approximately mirroring the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 5.7% m-o-m. As a result, import price attained the peak level of $1,428 per ton; afterwards, it flattened through to December 2023.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Turkey ($1,390 per ton), while the price for South Korea totaled $1,384 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in China (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; dimethyl terephthalates amounted to $1,785 per ton, declining by -2.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 an increase of 87%. The export price peaked at $2,247 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($4,753 per ton), while the average price for exports to Indonesia ($1,143 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in China
Imports of acids; aromatic polycarboxylic acids; dimethyl terephthalates into China skyrocketed to 39K tons in 2022, increasing by 32% compared with the previous year. Overall, imports saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 49% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of acids; aromatic polycarboxylic acids; dimethyl terephthalates soared to $52M in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 100% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 14.0 | 11.1 | 20.1 | 24.6 | 20.7% |
| Turkey | 1.1 | N/A | 4.5 | 19.9 | 162.5% |
| Germany | 4.0 | 1.7 | 1.1 | 4.2 | 1.6% |
| United Arab Emirates | N/A | 0.2 | 1.2 | 2.4 | 246.4% |
| Others | 0.1 | 0.5 | 0.2 | 0.6 | 81.7% |
| Total | 19.2 | 13.5 | 27.1 | 51.7 | 39.1% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate to China in 2022:
- South Korea (18.8K tons)
- Turkey (15.1K tons)
- Germany (3.0K tons)
- United Arab Emirates (1.9K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in China
In 2022, overseas shipments of acids; aromatic polycarboxylic acids; dimethyl terephthalates decreased by -58.7% to 45 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 463% against the previous year. As a result, the exports reached the peak of 159 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of acids; aromatic polycarboxylic acids; dimethyl terephthalates contracted notably to $80K in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 587%. As a result, the exports attained the peak of $254K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 21.6 | 22.3 | 38.5 | 26.1 | 6.5% |
| Pakistan | N/A | N/A | 80.0 | 25.5 | -68.1% |
| Taiwan (Chinese) | N/A | 188 | 10.5 | 19.1 | -68.1% |
| Russia | N/A | N/A | N/A | 4.0 | 0% |
| Turkey | N/A | N/A | N/A | 2.5 | 0% |
| Colombia | N/A | N/A | 56.5 | N/A | 0% |
| India | N/A | 39.6 | 1.4 | N/A | -96.5% |
| Others | 15.4 | 4.0 | 13.9 | 3.4 | -39.6% |
| Total | 37.0 | 254 | 201 | 80.5 | 29.6% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate from China in 2022:
- Indonesia (22.8 tons)
- Pakistan (11.2 tons)
- Taiwan (Chinese) (7.2 tons)
- Russia (1.8 tons)
- Turkey (0.9 tons)
377
This report provides an in-depth analysis of the polycarboxylic acid market in China.
47
This report provides an in-depth analysis of the market for oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts in China.
345
This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in China.
580
This report provides an in-depth analysis of the maleic anhydride market in China.
270
This report provides an in-depth analysis of the orthophthalic acid esters market in China.
297
This report provides an in-depth analysis of the market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in China.
468
This report provides an in-depth analysis of the adipic acid market in China.
1016
This report provides an in-depth analysis of the global polycarboxylic acid market.
74
This report provides an in-depth analysis of the global market for oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts.
517
This report provides an in-depth analysis of the global market for phthalic anhydride and terephthalic acid.
201
In February 2023, the polycarboxylic acid price was $985 per ton (FOB, China), a 6.6% decrease from the previous month.
201
Maleic Anhydride exports amounted to $7.9M in value in June 2023.
250
The rate of growth that stood out the most occurred in November 2022, with a month-on-month increase of 21%. In terms of value, exports of Adipic Acid notably expanded to $49M in June 2023.
72
Global demand for polycarboxylic acids is projected to increase over the next seven years, with market volume expected to reach 32M tons by 2030. Market performance is forecasted to expand with an anticipated CAGR of +1.8% from 2023 to 2030, reaching a market value of $42.3B by the end of 2030. Key consuming countries include the United States, China, and India, with Belgium showing the highest rates of growth in consumption.
131
Explore the top import markets for Polycarboxylic Acid in 2023, including Turkey, India, the United States, and more. Learn about the key statistics and trends driving the global demand for this essential chemical compound.
782
The global polycarboxylic acid market revenue amounted to $42.8B in 2018, rising by 3.5% against the previous year....
1187
Global polycarboxylic acid imports totaled X tons in 2016, descending by -X% against the previous year level. In general, polycarboxylic acid imports continue to indicate a pronounced curtailmen...
131
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid and their key statistics. Discover the countries with the highest import values for these chemical compounds. Learn how Turkey, India, and Vietnam dominate the market.
150
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid, including Turkey, India, Vietnam, and more. Discover key statistics and market values.
201
In February 2023, the polycarboxylic acid price was $985 per ton (FOB, China), a 6.6% decrease from the previous month.
