Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Ecuador - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Ecuador (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Ecuador
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Ecuador (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $2,655 per ton in 2022, with an increase of 56% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses increased by +91.3% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,403 per ton), while the price for South Korea stood at $2,624 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Ecuador
In 2022, overseas purchases of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -50.8% to 35 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, imports attained the peak of 106 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses shrank markedly to $92K in 2022. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 32%. As a result, imports reached the peak of $147K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 59.1 | 60.0 | 39.0 | 88.2 | 14.3% |
| China | 2.8 | 1.8 | 1.3 | 3.4 | 6.7% |
| Peru | 49.4 | 25.9 | 16.9 | N/A | -41.5% |
| Vietnam | N/A | N/A | 53.2 | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 9.0 | N/A | 0% |
| Colombia | N/A | 59.4 | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Total | 111 | 147 | 120 | 91.9 | -6.1% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Ecuador in 2022:
- South Korea (33.6 tons)
- China (1.0 tons)
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