Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in the United States - 2023

Contents:

1. Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in the United States (CIF) - 2022
2. Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in the United States (FOB) - 2022
3. Imports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in the United States
4. Exports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in the United States

Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in the United States (CIF) - 2022

The average import price for acids; aromatic polycarboxylic acids; dimethyl terephthalates stood at $1,569 per ton in 2022, growing by 42% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $1,684 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($2,002 per ton), while the price for South Korea ($1,069 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in the United States (FOB) - 2022

In 2022, the average export price for acids; aromatic polycarboxylic acids; dimethyl terephthalates amounted to $671 per ton, which is down by -38.5% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 46%. The export price peaked at $1,912 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($1,460 per ton), while the average price for exports to Canada ($615 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 India (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in the United States

In 2022, imports of acids; aromatic polycarboxylic acids; dimethyl terephthalates into the United States surged to 2.2K tons, with an increase of 25% compared with 2021. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of acids; aromatic polycarboxylic acids; dimethyl terephthalates surged to $3.4M in 2022. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate to the United States in 2022:

1. Turkey (1399.5 tons)
2. South Korea (486.0 tons)
3. Germany (286.0 tons)

Exports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in the United States

In 2022, approx. 307 tons of acids; aromatic polycarboxylic acids; dimethyl terephthalates were exported from the United States; growing by 715% on the previous year's figure. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 755%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of acids; aromatic polycarboxylic acids; dimethyl terephthalates soared to $206K in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 527%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate from the United States in 2022:

1. Canada (287.1 tons)
2. Mexico (11.1 tons)
3. China (9.3 tons)

Source: IndexBox Market Intelligence Platform