Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Greece - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Greece (CIF) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Greece (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Greece
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Greece
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Greece (CIF) - 2023
The average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $1,615 per ton in October 2023, surging by 60% against the previous month. Over the period under review, import price indicated a notable increase from October 2022 to October 2023: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses increased by +74.6% against August 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From October 2022 to October 2023, the rate of growth in terms of prices for Turkey amounted to +5.3% per month.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Greece (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $433 per ton, increasing by 79% against the previous year. In general, the export price showed slight growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($746 per ton), while the average price for exports to Turkey amounted to $344 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.8%).
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Greece
Imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses into Greece reduced to 65K tons in 2022, with a decrease of -14.8% compared with 2021. In general, imports showed a noticeable decline. The pace of growth was the most pronounced in 2021 with an increase of 6.6% against the previous year. As a result, imports reached the peak of 77K tons, and then contracted in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses skyrocketed to $75M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 14.2 | 7.5 | 25.6 | 35.2 | 35.3% |
| South Korea | 48.0 | 34.2 | 25.1 | 21.8 | -23.1% |
| Portugal | 0.2 | N/A | N/A | 9.8 | 265.9% |
| Turkey | N/A | 1.2 | 4.8 | 5.0 | 104.1% |
| Mexico | N/A | N/A | N/A | 2.7 | 0% |
| China | N/A | N/A | 5.2 | N/A | 0% |
| Others | 0.2 | 0.3 | 3.0 | 0.5 | 35.7% |
| Total | 62.6 | 43.1 | 63.7 | 75.0 | 6.2% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Greece in 2022:
- Belgium (31.3K tons)
- South Korea (18.9K tons)
- Portugal (8.4K tons)
- Turkey (4.0K tons)
- Mexico (2.3K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Greece
In 2022, after two years of decline, there was significant decline in shipments abroad of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses, when their volume decreased by -78.6% to 25 tons. Overall, exports continue to indicate a dramatic curtailment.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses dropped significantly to $11K in 2022. Over the period under review, exports showed a precipitous decline.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 24.9 | N/A | 25.9 | 6.6 | -35.8% |
| Netherlands | N/A | N/A | 0.2 | 4.1 | 1950.0% |
| Italy | N/A | N/A | 1.9 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 24.9 | N/A | 27.9 | 10.7 | -24.5% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Greece in 2022:
- Turkey (19.2 tons)
- Netherlands (5.5 tons)
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