Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Saudi Arabia - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Saudi Arabia (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Saudi Arabia (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Saudi Arabia
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Saudi Arabia
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Saudi Arabia (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $633 per ton in 2021, picking up by 118% against the previous year. Over the period under review, the export price, however, saw a slight curtailment. Over the period under review, the average export prices hit record highs at $738 per ton in 2013; however, from 2014 to 2021, 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 2013 to 2021, the rate of growth in terms of prices for China amounted to -11.0% per year.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Saudi Arabia (CIF) - 2022
In 2021, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $854 per ton, picking up by 64% against the previous year. In general, the import price, however, saw a noticeable decline. The import price peaked at $1,222 per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($909 per ton) and Malaysia ($878 per ton), while the price for the United States ($659 per ton) and Belgium ($727 per ton) were amongst the lowest.
From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+47.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Saudi Arabia
After two years of decline, shipments abroad of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses increased by 706% to 2.8K tons in 2022. Overall, exports, however, saw a sharp contraction.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $1.3M in 2022. In general, exports, however, saw a precipitous slump.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Turkey | 403 | 168 | 108 | -48.2% | |
| Tunisia | 938 | 836 | N/A | -10.9% | |
| Others | 3,234 | N/A | 113 | -81.3% | |
| Total | 4,576 | 1,004 | 220 | -78.1% | |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Saudi Arabia in 2022:
- Turkey (1.3K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Saudi Arabia
Imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses into Saudi Arabia skyrocketed to 381K tons in 2021, with an increase of 180% against the previous year's figure. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 357% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses soared to $325M in 2021. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | N/A | 11.6 | 222 | 1813.8% | |
| Belgium | N/A | 23.0 | 59.9 | 160.4% | |
| South Korea | N/A | 12.6 | 20.9 | 65.9% | |
| Malaysia | N/A | N/A | 8.2 | 0% | |
| United States | N/A | 5.0 | 7.6 | 52.0% | |
| India | 0.8 | 2.3 | 6.2 | 178.4% | |
| Thailand | 23.1 | 1.1 | N/A | -95.2% | |
| Indonesia | N/A | 15.3 | N/A | 0% | |
| Others | 1.0 | 0.1 | 0.2 | -55.3% | |
| Total | 25.0 | 71.0 | 325 | 260.6% | |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Saudi Arabia in 2022:
- China (244.5K tons)
- Belgium (82.3K tons)
- South Korea (25.0K tons)
- United States (11.5K tons)
- Malaysia (9.4K tons)
- India (8.1K tons)
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