Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in Singapore - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in Singapore (FOB) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in Singapore
Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in Singapore (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; dimethyl terephthalates amounted to $31,000 per ton, picking up by 173% against the previous year. In general, the export price posted significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the Philippines.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +28.3% per year.
Exports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in Singapore
Exports of acids; aromatic polycarboxylic acids; dimethyl terephthalates from Singapore dropped markedly to 1 kg in 2022, which is down by -99.3% against 2021. In general, exports saw a sharp setback. The pace of growth appeared the most rapid in 2021 when exports increased by 0.7% against the previous year.
In value terms, exports of acids; aromatic polycarboxylic acids; dimethyl terephthalates contracted sharply to $31 in 2022. Overall, exports recorded a precipitous contraction. The smallest decline of less than 0.1% was in 2020.
Export of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in Singapore (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | N/A | N/A | N/A | 31.0 | 0% |
China | 341 | 354 | 298 | N/A | -6.5% |
Malaysia | 935 | 971 | 813 | N/A | -6.8% |
Indonesia | 764 | 714 | 538 | N/A | -16.1% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2,040 | 2,039 | 1,649 | 31.0 | -75.2% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate from Singapore in 2022:
- Philippines (1.0 kg)
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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.
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.
The global polycarboxylic acid market revenue amounted to $42.8B in 2018, rising by 3.5% against the previous year....
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...