Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Canada - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Canada (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Canada (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Canada
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Canada
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Canada (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $827 per ton, declining by -1.6% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +12.7%. The most prominent rate of growth was recorded in 2021 an increase of 29%. As a result, the export price attained the peak level of $840 per ton, and then declined in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2020 to 2022, the rate of growth in terms of prices for the United States amounted to +12.6% per year.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Canada (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $921 per ton, shrinking by -3.4% against the previous year. In general, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2017 an increase of 13%. Over the period under review, average import prices attained the peak figure at $1,198 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($927 per ton) and China ($923 per ton), while the price for Belgium ($920 per ton) and Japan ($921 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+16.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Canada
In 2022, overseas shipments of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -0.4% to 488K tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total exports indicated a significant increase from 2020 to 2022: its volume increased at an average annual rate of +30.9% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 72%. As a result, the exports attained the peak of 490K tons, leveling off in the following year.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses contracted modestly to $404M in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 122%. As a result, the exports attained the peak of $412M, and then fell modestly in the following year.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 186 | 408 | 404 | 47.4% | |
| Others | N/A | 4.0 | N/A | 0% | |
| Total | 186 | 412 | 404 | 47.4% | |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Canada in 2022:
- United States (488.0K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Canada
In 2022, overseas purchases of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses increased by 340% to 11 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a dramatic slump.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $9.8K in 2022. In general, imports, however, continue to indicate a precipitous slump.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.6 | 2.3 | 1.1 | 4.5 | 41.2% |
| India | 1.6 | 0.7 | 0.6 | 2.9 | 21.9% |
| Belgium | 0.2 | N/A | 0.1 | 1.1 | 76.5% |
| Japan | 0.5 | N/A | 0.1 | 0.5 | 0.0% |
| Switzerland | N/A | N/A | 0.3 | 0.3 | 0.0% |
| China | 0.3 | 7.0 | N/A | 0.3 | 0.0% |
| Spain | 0.7 | 0.3 | 0.1 | 0.2 | -34.1% |
| Portugal | 6,186 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 32.6 | 0.1 | N/A | 0.0% |
| Total | 6,191 | 42.9 | 2.3 | 9.8 | -88.3% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Canada in 2022:
- United States (4.8 tons)
- India (3.2 tons)
- Belgium (1.2 tons)
- Japan (0.5 tons)
- China (0.4 tons)
- Switzerland (0.3 tons)
- Spain (0.2 tons)
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