Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in China - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in China (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in China (CIF) - 2023
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in China
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in China
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in China (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $848 per ton in 2022, jumping by 30% against the previous year. Overall, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of 39% against the previous year. The export price peaked at $1,204 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($889 per ton) and South Africa ($870 per ton), while the average price for exports to Pakistan ($821 per ton) and Saudi Arabia ($832 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 Vietnam (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in China (CIF) - 2023
In December 2023, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $529 per ton, rising by 22% against the previous month. In general, the import price, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 76% month-to-month. As a result, import price attained the peak level of $729 per ton. From September 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($861 per ton), while the price for Malaysia ($411 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in China
For the fourth consecutive year, China recorded growth in shipments abroad of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses, which increased by 34% to 3.4M tons in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 204% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $2.9B in 2022. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 323% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 46.0 | 30.7 | 371 | 807 | 159.8% |
| Turkey | N/A | 9.3 | 224 | 570 | 682.9% |
| Oman | N/A | 90.1 | 220 | 328 | 90.8% |
| Vietnam | 8.0 | 43.5 | 123 | 291 | 231.3% |
| Russia | 286 | 139 | 183 | 214 | -9.2% |
| Saudi Arabia | N/A | 20.2 | 148 | 186 | 203.4% |
| Egypt | N/A | N/A | 88.4 | 154 | 74.2% |
| Pakistan | 75.1 | 42.8 | 107 | 134 | 21.3% |
| South Africa | 90.0 | 6.3 | 89.2 | 79.9 | -3.9% |
| Others | 12.9 | 13.9 | 120 | 161 | 132.0% |
| Total | 518 | 396 | 1,675 | 2,924 | 78.1% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from China in 2022:
- India (960.4K tons)
- Turkey (677.0K tons)
- Oman (381.5K tons)
- Vietnam (327.5K tons)
- Russia (251.9K tons)
- Saudi Arabia (223.4K tons)
- Egypt (178.2K tons)
- Pakistan (163.3K tons)
- South Africa (91.8K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in China
In 2022, approx. 73K tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were imported into China; which is down by -8.1% against 2021. Over the period under review, imports faced a precipitous decrease.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses totaled $57M in 2022. In general, imports showed a sharp contraction.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 381 | 160 | 37.7 | 22.6 | -61.0% |
| Thailand | 100 | 43.4 | 3.1 | 17.7 | -43.9% |
| Japan | 21.7 | 13.0 | 8.7 | 6.4 | -33.4% |
| South Korea | 214 | 42.8 | 0.9 | 4.8 | -71.8% |
| Indonesia | 16.6 | 23.8 | 0.3 | 3.5 | -40.5% |
| Saudi Arabia | N/A | N/A | N/A | 1.0 | 0% |
| Others | 30.9 | 17.9 | 0.5 | 1.0 | -68.1% |
| Total | 765 | 300 | 51.3 | 57.1 | -57.9% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to China in 2022:
- Taiwan (Chinese) (27.5K tons)
- Thailand (22.6K tons)
- Japan (7.3K tons)
- South Korea (6.2K tons)
- Indonesia (5.1K tons)
- Saudi Arabia (2.2K tons)
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