Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Belgium - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Belgium (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Belgium (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Belgium
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Belgium
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Belgium (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $1,077 per ton, growing by 13% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 15% against the previous year. As a result, the export price reached the peak level of $1,224 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($1,130 per ton) and Germany ($1,105 per ton), while the average price for exports to Lithuania ($781 per ton) and the UK ($932 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Belgium (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $1,195 per ton, jumping by 35% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 42%. Over the period under review, average import prices reached the maximum at $1,246 per ton in 2012; 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 the Netherlands ($1,707 per ton), while the price for China ($616 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+46.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Belgium
In 2022, approx. 533K tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were exported from Belgium; waning by -28.4% on the previous year. Over the period under review, exports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 31%.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses shrank dramatically to $574M in 2022. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 39%.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 195 | 128 | 159 | 172 | -4.1% |
| Turkey | 124 | 123 | 186 | 93.9 | -8.9% |
| Italy | 53.3 | 37.3 | 65.5 | 90.1 | 19.1% |
| France | 27.0 | 19.7 | 24.9 | 45.7 | 19.2% |
| Netherlands | 27.2 | 20.4 | 32.3 | 42.5 | 16.0% |
| Spain | 50.3 | 17.1 | 51.4 | 39.8 | -7.5% |
| Greece | 14.8 | 7.9 | 26.9 | 35.3 | 33.6% |
| United Kingdom | 97.6 | 38.1 | 16.1 | 16.5 | -44.7% |
| Lithuania | 8.6 | 21.7 | 63.0 | 9.6 | 3.7% |
| Russia | 19.6 | 4.0 | 13.6 | N/A | -16.7% |
| India | 69.8 | 29.1 | N/A | N/A | -58.3% |
| Oman | N/A | 30.7 | N/A | N/A | 0% |
| Others | 28.9 | 31.4 | 70.5 | 28.9 | 0.0% |
| Total | 716 | 508 | 709 | 574 | -7.1% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Belgium in 2022:
- Germany (155.6K tons)
- Turkey (100.3K tons)
- Italy (83.2K tons)
- France (40.4K tons)
- Netherlands (39.2K tons)
- Spain (37.9K tons)
- Greece (32.8K tons)
- United Kingdom (17.7K tons)
- Lithuania (12.3K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Belgium
In 2022, purchases abroad of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -39.4% to 16K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 65%. As a result, imports reached the peak of 26K tons, and then shrank significantly in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses fell dramatically to $19M in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 133%. As a result, imports attained the peak of $23M, and then shrank significantly in the following year.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | 4.6 | N/A | 10.1 | 48.2% |
| Portugal | 5.2 | 1.6 | N/A | 3.8 | -9.9% |
| Spain | 3.6 | 2.4 | 2.7 | 2.4 | -12.6% |
| China | N/A | N/A | 13.7 | 1.4 | -89.8% |
| Hong Kong SAR | N/A | N/A | 0.4 | 0.7 | 75.0% |
| South Korea | N/A | 1.2 | 0.2 | N/A | -83.3% |
| United States | N/A | N/A | 4.8 | N/A | 0% |
| Others | 0.1 | 0.1 | 1.2 | 0.5 | 71.0% |
| Total | 9.0 | 9.9 | 23.1 | 18.8 | 27.8% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Belgium in 2022:
- Poland (7.2K tons)
- Portugal (3.2K tons)
- China (2.3K tons)
- Spain (2.2K tons)
- Hong Kong SAR (0.6K tons)
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