Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Philippines - 2024
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Philippines (CIF) - 2024
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Philippines
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Philippines (CIF) - 2024
The average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $1,080 per ton in July 2023, declining by -2.8% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 11% against the previous month. The import price peaked at $1,221 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Taiwan (Chinese) ($1,165 per ton) and South Korea ($1,136 per ton), while the price for China ($1,020 per ton) and Japan ($1,125 per ton) were amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Philippines
Imports of acids; aromatic polycarboxylic acids; phthalic anhydrides into the Philippines declined markedly to 5.5K tons in 2022, reducing by -37.7% compared with 2021. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. As a result, imports reached the peak of 8.9K tons, and then dropped notably in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides shrank sharply to $6.3M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 104%. As a result, imports attained the peak of $8.6M, and then fell significantly in the following year.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.2 | 2.2 | 5.2 | 4.1 | 8.6% |
| Taiwan (Chinese) | 0.7 | 0.2 | 1.0 | 1.0 | 12.6% |
| Japan | 1.5 | 1.2 | 1.0 | 0.9 | -15.7% |
| China | 0.8 | 0.5 | 1.3 | 0.3 | -27.9% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 6.2 | 4.2 | 8.6 | 6.3 | 0.5% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to the Philippines in 2022:
- South Korea (3.6K tons)
- Taiwan (Chinese) (0.9K tons)
- Japan (0.8K tons)
- China (0.2K tons)
458
This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in the Philippines.
416
This report provides an in-depth analysis of the polycarboxylic acid market in the Philippines.
67
This report provides an in-depth analysis of the market for oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts in the Philippines.
354
This report provides an in-depth analysis of the maleic anhydride market in the Philippines.
240
This report provides an in-depth analysis of the orthophthalic acid esters market in the Philippines.
325
This report provides an in-depth analysis of the market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in the Philippines.
458
This report provides an in-depth analysis of the adipic acid market in the Philippines.
520
This report provides an in-depth analysis of the global market for phthalic anhydride and terephthalic acid.
1020
This report provides an in-depth analysis of the global polycarboxylic acid market.
79
This report provides an in-depth analysis of the global market for oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts.
135
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid and their key statistics. Discover the countries with the highest import values for these chemical compounds. Learn how Turkey, India, and Vietnam dominate the market.
155
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid, including Turkey, India, Vietnam, and more. Discover key statistics and market values.
85
Global demand for polycarboxylic acids is projected to increase over the next seven years, with market volume expected to reach 32M tons by 2030. Market performance is forecasted to expand with an anticipated CAGR of +1.8% from 2023 to 2030, reaching a market value of $42.3B by the end of 2030. Key consuming countries include the United States, China, and India, with Belgium showing the highest rates of growth in consumption.
139
Explore the top import markets for Polycarboxylic Acid in 2023, including Turkey, India, the United States, and more. Learn about the key statistics and trends driving the global demand for this essential chemical compound.
787
The global polycarboxylic acid market revenue amounted to $42.8B in 2018, rising by 3.5% against the previous year....
1191
Global polycarboxylic acid imports totaled X tons in 2016, descending by -X% against the previous year level. In general, polycarboxylic acid imports continue to indicate a pronounced curtailmen...
135
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid and their key statistics. Discover the countries with the highest import values for these chemical compounds. Learn how Turkey, India, and Vietnam dominate the market.
155
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid, including Turkey, India, Vietnam, and more. Discover key statistics and market values.
85
Global demand for polycarboxylic acids is projected to increase over the next seven years, with market volume expected to reach 32M tons by 2030. Market performance is forecasted to expand with an anticipated CAGR of +1.8% from 2023 to 2030, reaching a market value of $42.3B by the end of 2030. Key consuming countries include the United States, China, and India, with Belgium showing the highest rates of growth in consumption.
139
Explore the top import markets for Polycarboxylic Acid in 2023, including Turkey, India, the United States, and more. Learn about the key statistics and trends driving the global demand for this essential chemical compound.
