Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Belgium - 2024
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Belgium (FOB) - 2024
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Belgium (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Belgium
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Belgium
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Belgium (FOB) - 2024
In September 2023, the average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,633 per ton, growing by 8.3% against the previous month. Over the period from January 2023 to September 2023, it increased at an average monthly rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the UK.
From January 2023 to September 2023, the rate of growth in terms of prices for the UK amounted to +1.5% per month.
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Belgium (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $1,598 per ton in 2022, picking up by 37% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $1,608 per ton in 2013; afterwards, it flattened through to 2022.
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 France ($18,333 per ton), while the price for the Netherlands ($1,529 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+51.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Belgium
In 2022, exports of acids; aromatic polycarboxylic acids; phthalic anhydrides from Belgium declined to 93K tons, falling by -14.3% on 2021 figures. Overall, exports saw a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of 74% against the previous year. As a result, the exports attained the peak of 108K tons, and then fell in the following year.
In value terms, exports of acids; aromatic polycarboxylic acids; phthalic anhydrides skyrocketed to $134M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +109.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 40.7 | 26.0 | 47.7 | 61.1 | 14.5% |
| Germany | 42.3 | 27.3 | 50.7 | 53.6 | 8.2% |
| Italy | 0.5 | 0.6 | 3.8 | 7.4 | 145.5% |
| France | 9.6 | 5.5 | 7.6 | 7.2 | -9.1% |
| United Kingdom | 6.3 | 4.8 | 3.0 | 3.1 | -21.1% |
| Others | 2.3 | 0.1 | 3.9 | 2.1 | -3.0% |
| Total | 102 | 64.3 | 117 | 134 | 9.5% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from Belgium in 2022:
- Germany (42.6K tons)
- Netherlands (37.9K tons)
- France (4.6K tons)
- Italy (4.3K tons)
- United Kingdom (1.9K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Belgium
In 2022, after three years of growth, there was significant decline in purchases abroad of acids; aromatic polycarboxylic acids; phthalic anhydrides, when their volume decreased by -14.3% to 6.3K tons. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 301%. As a result, imports attained the peak of 7.3K tons, and then dropped in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides surged to $10M in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 338%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.4 | N/A | 5.7 | 6.5 | 153.3% |
| Israel | 0.1 | 0.9 | 1.1 | 1.5 | 146.6% |
| Germany | 0.5 | 0.8 | 0.3 | 0.6 | 6.3% |
| Austria | 0.8 | 0.2 | 0.7 | 0.5 | -14.5% |
| South Korea | N/A | N/A | N/A | 0.4 | 0% |
| Russia | N/A | N/A | 0.5 | N/A | 0% |
| Others | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Total | 1.9 | 1.9 | 8.5 | 10.0 | 73.9% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to Belgium in 2022:
- Netherlands (4.3K tons)
- Israel (0.9K tons)
- Austria (0.3K tons)
- Germany (0.3K tons)
- South Korea (0.2K tons)
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