Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Saudi Arabia - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Saudi Arabia (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Saudi Arabia
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Saudi Arabia (CIF) - 2022
In 2021, the average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,093 per ton, picking up by 50% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. Over the period under review, average import prices reached the maximum at $1,599 per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Pakistan ($1,176 per ton) and India ($1,168 per ton), while the price for Taiwan (Chinese) ($1,051 per ton) and South Korea ($1,088 per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.9%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Saudi Arabia
In 2021, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides into Saudi Arabia expanded notably to 36K tons, increasing by 15% on the previous year. The total import volume increased at an average annual rate of +12.9% over the period from 2019 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides surged to $40M in 2021. Overall, total imports indicated a significant increase from 2019 to 2021: its value increased at an average annual rate of +22.1% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Taiwan (Chinese) | 14.5 | 13.2 | 20.9 | 20.1% | |
| India | 4.9 | 4.1 | 10.8 | 48.5% | |
| South Korea | 4.6 | 4.9 | 4.5 | -1.1% | |
| Pakistan | N/A | N/A | 2.2 | 0% | |
| China | N/A | 0.4 | 1.0 | 150.0% | |
| Turkey | 1.6 | N/A | N/A | 0% | |
| Others | 1.0 | 0.4 | 0.2 | -55.3% | |
| Total | 26.5 | 23.0 | 39.5 | 22.1% | |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to Saudi Arabia in 2022:
- Taiwan (Chinese) (19.9K tons)
- India (9.2K tons)
- South Korea (4.1K tons)
- Pakistan (1.8K tons)
- China (0.8K tons)
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