Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in Vietnam - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in Vietnam (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in Vietnam
Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in Vietnam (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; dimethyl terephthalates stood at $1,378 per ton in 2022, picking up by 34% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $1,497 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($1,378 per ton), while the price for Taiwan (Chinese) stood at $1,378 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.7%).
Imports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in Vietnam
In 2022, supplies from abroad of acids; aromatic polycarboxylic acids; dimethyl terephthalates decreased by -22.9% to 34 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 99% against the previous year. As a result, imports reached the peak of 44 tons, and then reduced dramatically in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; dimethyl terephthalates totaled $47K in 2022. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 133% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.5 | 11.8 | 45.0 | 39.3 | 197.0% |
| Taiwan (Chinese) | 12.6 | 7.5 | N/A | 7.2 | -17.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 14.1 | 19.3 | 45.0 | 46.5 | 48.8% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate to Vietnam in 2022:
- South Korea (28.5 tons)
- Taiwan (Chinese) (5.2 tons)
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