Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the United States - 2024
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the United States (CIF) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the United States (FOB) - 2024
- Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the United States
- Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the United States
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the United States (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $2,336 per ton, rising by 22% against the previous year. Over the period under review, the import price showed a modest expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($4,770 per ton), while the price for India ($1,754 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the United States (FOB) - 2024
In September 2023, the average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $4,346 per ton, shrinking by -1.8% against the previous month. Over the last seven months, it increased at an average monthly rate of +3.2%. The pace of growth was the most pronounced in August 2023 an increase of 28% m-o-m. As a result, the export price attained the peak level of $4,428 per ton, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Argentina ($7,800 per ton), while the average price for exports to the Netherlands ($2,730 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the United States
In 2022, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses into the United States soared to 24K tons, increasing by 23% on the year before. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.6% 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 +59.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses soared to $55M in 2022. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 57%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 11.8 | 9.2 | 14.1 | 15.5 | 9.5% |
| Canada | 12.2 | 6.9 | 10.1 | 9.4 | -8.3% |
| Germany | 0.3 | 1.0 | 1.3 | 9.1 | 211.9% |
| Mexico | 2.2 | 1.1 | 3.2 | 8.5 | 56.9% |
| South Korea | 1.6 | 0.9 | 2.2 | 3.2 | 26.0% |
| Japan | 2.5 | 1.9 | 1.8 | 3.0 | 6.3% |
| China | 0.4 | N/A | 0.2 | 1.5 | 55.4% |
| Taiwan (Chinese) | 1.8 | 0.7 | 0.9 | 0.6 | -30.7% |
| Others | 2.7 | 1.8 | 3.0 | 4.7 | 20.3% |
| Total | 35.5 | 23.5 | 36.9 | 55.5 | 16.1% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to the United States in 2022:
- India (8.8K tons)
- Germany (4.2K tons)
- Canada (3.5K tons)
- Mexico (2.8K tons)
- South Korea (1.4K tons)
- Japan (0.6K tons)
- China (0.5K tons)
- Taiwan (Chinese) (0.3K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the United States
In 2022, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses from the United States rose notably to 13K tons, growing by 8.5% on 2021 figures. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses skyrocketed to $44M in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 12.7 | 11.6 | 18.9 | 30.8 | 34.4% |
| Mexico | 1.5 | 1.8 | 1.9 | 3.9 | 37.5% |
| Belgium | N/A | 0.6 | 2.1 | 2.4 | 100.0% |
| China | 0.4 | 0.5 | 1.1 | 1.1 | 40.1% |
| Turkey | 0.2 | 0.4 | 0.5 | 0.9 | 65.1% |
| Others | 5.4 | 3.3 | 4.3 | 4.8 | -3.9% |
| Total | 20.2 | 18.1 | 28.9 | 43.9 | 29.5% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids from the United States in 2022:
- Canada (9.5K tons)
- Belgium (0.9K tons)
- Mexico (0.8K tons)
- China (0.3K tons)
- Turkey (0.2K tons)
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