Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in India - 2023

Contents:

  1. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in India (FOB) - 2023
  2. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in India (CIF) - 2023
  3. Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in India
  4. Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in India

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in India (FOB) - 2023

The average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $1,606 per ton in July 2023, flattening at the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 3.5% m-o-m. Over the period under review, the average export prices attained the maximum at $1,725 per ton in November 2022; however, from December 2022 to July 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In July 2023, the countries with the highest prices were the United States ($2,072 per ton) and Malaysia ($1,674 per ton), while the average price for exports to Oman ($1,405 per ton) and Spain ($1,503 per ton) were amongst the lowest.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in India (CIF) - 2023

In July 2023, the average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $1,687 per ton, picking up by 9.7% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 117% against the previous month. As a result, import price attained the peak level of $3,207 per ton. From February 2023 to July 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($4,241 per ton), while the price for South Korea amounted to $1,397 per ton.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in India

In 2022, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses from India shrank slightly to 16K tons, with a decrease of -3.1% against the previous year. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 77% against the previous year. As a result, the exports attained the peak of 16K tons, and then reduced slightly in the following year.

In value terms, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses rose modestly to $27M in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 135% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain1.51.51.83.431.4%
Italy0.30.10.82.8110.5%
Turkey1.11.72.82.531.5%
United Arab Emirates1.00.72.82.230.1%
United States1.20.84.01.916.6%
Indonesia0.90.41.11.723.6%
Brazil0.50.60.81.544.2%
Saudi Arabia0.50.92.01.544.2%
Singapore0.40.60.91.140.1%
Oman0.30.52.91.154.2%
France0.50.10.40.66.3%
Sri Lanka0.60.40.70.60.0%
Belgium0.30.40.80.626.0%
Others3.42.65.05.718.8%
Total12.611.326.727.229.2%

Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids from India in 2022:

  1. Spain (2.1K tons)
  2. Italy (1.7K tons)
  3. Turkey (1.4K tons)
  4. United Arab Emirates (1.3K tons)
  5. United States (1.1K tons)
  6. Indonesia (1.0K tons)
  7. Brazil (0.9K tons)
  8. Saudi Arabia (0.7K tons)
  9. Singapore (0.7K tons)
  10. Oman (0.6K tons)
  11. France (0.4K tons)
  12. Sri Lanka (0.3K tons)
  13. Belgium (0.3K tons)

Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in India

In 2022, after three years of growth, there was significant decline in purchases abroad of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses, when their volume decreased by -16.9% to 5.9K tons. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 198% against the previous year.

In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses contracted to $12M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 163% against the previous year. As a result, imports attained the peak of $13M, and then declined in the following year.

Import of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea0.53.211.36.4133.9%
Malaysia0.20.40.21.8108.0%
Japan0.20.20.81.595.7%
ThailandN/AN/AN/A0.70%
Taiwan (Chinese)0.70.30.10.4-17.0%
Others0.50.80.40.817.0%
Total2.14.912.811.676.8%

Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to India in 2022:

  1. South Korea (3373.9 tons)
  2. Malaysia (1141.9 tons)
  3. Thailand (481.1 tons)
  4. Japan (461.4 tons)
  5. Taiwan (Chinese) (224.0 tons)

Source: IndexBox Market Intelligence Platform

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