Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Australia - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Australia (CIF) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Australia (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Australia
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Australia
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Australia (CIF) - 2023
In December 2023, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $1,426 per ton, with an increase of 2.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.8%. The pace of growth was the most pronounced in April 2023 an increase of 34% month-to-month. Over the period under review, average import prices attained the maximum in December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($1,539 per ton), while the price for Thailand totaled $839 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Australia (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $6,349 per ton, growing by 89% against the previous year. Overall, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2021 when the average export price increased by 132%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for New Caledonia.
From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +3.8% per year.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Australia
In 2022, after three years of growth, there was significant decline in overseas purchases of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses, when their volume decreased by -33.3% to 2.5K tons. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 3.7K tons, and then declined notably in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses declined notably to $3.3M in 2022. Over the period under review, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 92%. As a result, imports reached the peak of $4M, and then reduced rapidly in the following year.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 792 | 525 | 1,941 | 1,754 | 30.3% |
| China | 14.4 | 23.5 | 264 | 649 | 255.9% |
| Thailand | 163 | 112 | 313 | 460 | 41.3% |
| South Korea | 451 | 636 | 436 | 460 | 0.7% |
| Malaysia | 918 | 777 | 753 | N/A | -9.4% |
| Others | 7.9 | 9.8 | 293 | N/A | 509.0% |
| Total | 2,346 | 2,084 | 4,001 | 3,322 | 12.3% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Australia in 2022:
- Taiwan (Chinese) (1306.3 tons)
- China (440.0 tons)
- Thailand (420.0 tons)
- South Korea (296.1 tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Australia
In 2022, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses from Australia shrank remarkably to 1 tons, declining by -59.1% on 2021. Overall, exports continue to indicate a dramatic decrease. The smallest decline of -20% was in 2020.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses dropped sharply to $6.6K in 2022. Over the period under review, exports recorded a abrupt decrease. The smallest decline of -12% was in 2020.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Caledonia | N/A | N/A | N/A | 6.6 | 0% |
| New Zealand | 11.0 | 9.7 | 3.8 | N/A | -41.2% |
| Others | N/A | N/A | 4.7 | N/A | 0% |
| Total | 11.0 | 9.7 | 8.5 | 6.6 | -15.7% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Australia in 2022:
- New Caledonia (1.0 tons)
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