Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the UK - 2024
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the UK (CIF) - 2024
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the UK (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the UK
- Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the UK
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the UK (CIF) - 2024
In August 2023, the average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,491 per ton, with an increase of 6.1% against the previous month. Over the period under review, the import price, however, continues to indicate a mild setback. Over the period under review, average import prices hit record highs at $1,657 per ton in February 2023; however, from March 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($1,683 per ton), while the price for China ($1,099 per ton) was amongst the lowest.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.7%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the UK (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $2,492 per ton in 2022, rising by 28% against the previous year. Over the period under review, the export price enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2019 an increase of 120% against the previous year. As a result, the export price attained the peak level of $5,354 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,192 per ton), while the average price for exports to France ($1,626 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the UK
In 2022, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides into the UK contracted significantly to 8.9K tons, declining by -42.1% against 2021 figures. Overall, imports saw a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 33%. As a result, imports attained the peak of 15K tons, and then shrank sharply in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides dropped sharply to $15M in 2022. In general, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 74%. As a result, imports attained the peak of $18M, and then fell dramatically in the following year.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.3 | 1.2 | 8.2 | 7.5 | 79.4% |
| Belgium | 7.3 | 4.6 | 4.1 | 2.9 | -26.5% |
| Israel | 0.9 | 0.6 | 1.0 | 1.7 | 23.6% |
| Austria | 2.1 | 2.5 | 2.2 | 0.9 | -24.6% |
| Sweden | 0.2 | 0.1 | 0.1 | 0.6 | 44.2% |
| Belarus | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Germany | 1.1 | 0.9 | 1.4 | N/A | 12.8% |
| Others | 0.3 | 0.2 | 0.6 | 0.7 | 32.6% |
| Total | 13.2 | 10.2 | 17.6 | 14.6 | 3.4% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to the UK in 2022:
- Italy (4.4K tons)
- Belgium (1.9K tons)
- Israel (1.2K tons)
- Austria (0.5K tons)
- Sweden (0.3K tons)
- Belarus (0.2K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the UK
In 2022, the amount of acids; aromatic polycarboxylic acids; phthalic anhydrides exported from the UK reduced modestly to 55 tons, dropping by -3.6% on 2021 figures. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 294%. As a result, the exports reached the peak of 57 tons, and then fell modestly in the following year.
In value terms, exports of acids; aromatic polycarboxylic acids; phthalic anhydrides surged to $131K in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 102%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.1 | 0.3 | N/A | 79.5 | 826.4% |
| United States | 15.7 | 14.3 | 34.7 | 32.1 | 26.9% |
| South Korea | 32.4 | 7.2 | 9.7 | 14.4 | -23.7% |
| Germany | 21.4 | 9.3 | 12.3 | 2.8 | -49.2% |
| Belgium | 10.4 | 16.5 | 45.7 | N/A | 109.6% |
| Others | 21.8 | 8.0 | 9.7 | 2.4 | -52.1% |
| Total | 102 | 55.6 | 112 | 131 | 8.7% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from the UK in 2022:
- France (48.9 tons)
- United States (5.2 tons)
- South Korea (0.6 tons)
- Germany (0.5 tons)
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