Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Japan - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Japan (FOB) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Japan (CIF) - 2023
- Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Japan
- Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Japan
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Japan (FOB) - 2023
In July 2023, the average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $2,767 per ton, with a decrease of -7.7% against the previous month. Over the period from November 2022 to July 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in June 2023 an increase of 11% month-to-month. Over the period under review, the average export prices reached the maximum at $3,021 per ton in February 2023; however, from March 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Vietnam ($9,825 per ton), while the average price for exports to China ($2,301 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+13.1%), while the prices for the other major destinations experienced a decline.
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Japan (CIF) - 2023
In July 2023, the average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $2,236 per ton, waning by -23.9% against the previous month. Overall, import price indicated a temperate expansion from November 2022 to July 2023: its price increased at an average monthly rate of +2.0% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses decreased by -23.9% against June 2023 indices. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 68% against the previous month. As a result, import price attained the peak level of $3,194 per ton. From January 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($11,028 per ton), while the price for Taiwan (Chinese) ($1,579 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Japan
In 2022, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses from Japan skyrocketed to 12K tons, picking up by 271% against the previous year. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses skyrocketed to $33M in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 2.2 | 3.0 | 23.7 | 120.9% |
| United States | 2.5 | 2.0 | 1.7 | 3.3 | 9.7% |
| Germany | 1.6 | 1.5 | 2.1 | 1.9 | 5.9% |
| Malaysia | 0.9 | 0.7 | 1.1 | 1.0 | 3.6% |
| Philippines | 0.7 | 0.4 | 0.8 | 0.8 | 4.6% |
| Vietnam | 0.7 | 0.4 | 0.4 | 0.7 | 0.0% |
| Indonesia | 0.5 | 0.7 | 0.7 | 0.2 | -26.3% |
| Others | 2.0 | 1.6 | 1.5 | 1.9 | -1.7% |
| Total | 10.9 | 9.6 | 11.4 | 33.4 | 45.2% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids from Japan in 2022:
- China (9.7K tons)
- United States (0.6K tons)
- Germany (0.4K tons)
- Philippines (0.3K tons)
- Malaysia (0.3K tons)
- Vietnam (0.2K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Japan
In 2022, purchases abroad of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses decreased by -12.4% to 1.7K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 64% against the previous year.
In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses fell to $4.3M in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 75%.
| Import of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 144 | 1,926 | 2,395 | 1,769 | 130.7% |
| Taiwan (Chinese) | 336 | 304 | 415 | 1,587 | 67.8% |
| Italy | 343 | 465 | 405 | 489 | 12.5% |
| China | 969 | 588 | 1,184 | 206 | -40.3% |
| India | 50.4 | 101 | 52.1 | 136 | 39.2% |
| South Korea | 85.7 | 54.8 | 76.4 | 84.6 | -0.4% |
| Others | 68.8 | 49.9 | 4.3 | 47.5 | -11.6% |
| Total | 1,996 | 3,488 | 4,532 | 4,320 | 29.4% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to Japan in 2022:
- Taiwan (Chinese) (845.1 tons)
- Malaysia (564.0 tons)
- Italy (89.9 tons)
- China (86.5 tons)
- India (63.0 tons)
- South Korea (44.0 tons)
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