Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Serbia - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Serbia (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Serbia
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Serbia (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $1,183 per ton in 2022, jumping by 137% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,397 per ton), while the price for Russia ($412 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+30.8%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Serbia
After three years of growth, supplies from abroad of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -42.3% to 91 tons in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 377% against the previous year.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses skyrocketed to $107K in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 277%. 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 Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 67.0 | 0% |
| South Korea | N/A | 17.0 | N/A | 30.6 | 34.2% |
| Russia | 1.0 | 9.2 | 58.7 | 7.5 | 95.7% |
| China | 10.5 | 16.7 | 19.3 | N/A | 35.6% |
| Others | N/A | 0.8 | 0.4 | 2.0 | 58.1% |
| Total | 11.6 | 43.7 | 78.3 | 107 | 109.7% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Serbia in 2022:
- Spain (48.0 tons)
- South Korea (23.1 tons)
- Russia (18.2 tons)
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