Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Oman - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Oman (CIF) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Oman (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Oman
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Oman
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Oman (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $921 per ton, picking up by 32% against the previous year. Overall, the import price, however, continues to indicate a noticeable curtailment. The import price peaked at $1,139 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($1,094 per ton), while the price for Malaysia ($435 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+62.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Oman (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $974 per ton in 2022, growing by 97% against the previous year. Overall, the export price showed a remarkable increase. The export price peaked at $1,004 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +65.2% per year.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Oman
For the third consecutive year, Oman recorded growth in purchases abroad of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses, which increased by 2.1% to 616K tons in 2022. The total import volume increased at an average annual rate of +2.2% from 2020 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 2.2%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses soared to $567M in 2022. Over the period under review, total imports indicated significant growth from 2020 to 2022: its value increased at an average annual rate of +32.6% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | 66.1 | 120 | 324 | 121.4% | |
| Thailand | 37.2 | 87.8 | 112 | 73.5% | |
| Malaysia | 2.4 | 2.4 | 70.4 | 441.6% | |
| Taiwan (Chinese) | 3.0 | 5.3 | 37.5 | 253.6% | |
| South Korea | 60.1 | 33.5 | 16.5 | -47.6% | |
| Sri Lanka | 36.7 | N/A | 2.2 | -75.5% | |
| United States | 14.8 | 16.5 | N/A | 11.5% | |
| Belgium | 23.9 | 16.7 | N/A | -30.1% | |
| India | 11.0 | 1.2 | N/A | -89.1% | |
| Others | 67.6 | 137 | 5.1 | -72.5% | |
| Total | 323 | 421 | 567 | 32.5% | |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Oman in 2022:
- China (296.2K tons)
- Malaysia (162.0K tons)
- Thailand (102.1K tons)
- Taiwan (Chinese) (34.3K tons)
- South Korea (15.1K tons)
- Sri Lanka (2.0K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Oman
In 2022, the amount of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses exported from Oman contracted significantly to 114 tons, dropping by -19.2% against the previous year. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 31%.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses skyrocketed to $111K in 2022. Over the period under review, exports, however, recorded notable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 16.6 | N/A | 111 | 158.6% |
| India | 103 | 42.8 | 70.1 | N/A | -17.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 103 | 59.4 | 70.1 | 111 | 2.5% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Oman in 2022:
- Turkey (114.4 tons)
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