Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Indonesia - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Indonesia (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Indonesia (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Indonesia
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Indonesia
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Indonesia (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $847 per ton in March 2022, picking up by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Japan.
From March 2021 to March 2022, the rate of growth in terms of prices for Japan amounted to +2.3% per month.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Indonesia (CIF) - 2022
In March 2022, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $919 per ton, with an increase of 19% against the previous month. In general, the import price continues to indicate a tangible expansion. The growth pace was the most rapid in October 2021 when the average import price increased by 114% month-to-month. As a result, import price reached the peak level of $1,808 per ton. From November 2021 to March 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Taiwan (Chinese) ($1,770 per ton), while the price for Thailand ($889 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+15.6%), 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 Indonesia
In 2022, overseas shipments of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -9% to 68K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2020 with an increase of 88% against the previous year. As a result, the exports reached the peak of 166K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses expanded markedly to $56M in 2022. Overall, exports saw a noticeable descent. The pace of growth was the most pronounced in 2020 when exports increased by 22% against the previous year. As a result, the exports attained the peak of $77M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 46.3 | 30.0 | 36.2 | 46.7 | 0.3% |
| China | 16.3 | 23.3 | 0.3 | 7.9 | -21.4% |
| India | N/A | 7.4 | 12.3 | 1.6 | -53.5% |
| Saudi Arabia | N/A | 15.4 | N/A | N/A | 0% |
| Others | 0.2 | 0.8 | 3.2 | N/A | 300.0% |
| Total | 62.8 | 76.9 | 52.0 | 56.2 | -3.6% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Indonesia in 2022:
- Japan (54.2K tons)
- China (11.7K tons)
- India (2.0K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Indonesia
In 2022, approx. 45K tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were imported into Indonesia; falling by -27.2% on the previous year's figure. Overall, imports recorded a dramatic setback. The smallest decline of -15.8% was in 2021.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses rose modestly to $44M in 2022. In general, imports showed a deep downturn.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 31.2 | 21.7 | 14.5 | 19.6 | -14.4% |
| Taiwan (Chinese) | 31.0 | 2.1 | 19.5 | 17.1 | -18.0% |
| China | N/A | N/A | 3.3 | 7.2 | 118.2% |
| South Korea | 11.2 | 16.0 | 1.8 | N/A | -59.9% |
| India | 6.8 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.0 | 2.9 | N/A | 190.0% |
| Total | 80.2 | 40.8 | 42.0 | 44.0 | -18.1% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Indonesia in 2022:
- Thailand (21.0K tons)
- Taiwan (Chinese) (16.5K tons)
- China (7.1K tons)
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