Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Singapore - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Singapore (CIF) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Singapore (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Singapore
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Singapore
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Singapore (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $634 per ton in 2022, reducing by -11.6% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 7% against the previous year. The import price peaked at $1,257 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -6.6% per year.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Singapore (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $3,385 per ton in 2022, growing by 333% against the previous year. In general, the export price saw strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($3,583 per ton), while the average price for exports to Vietnam stood at $3,214 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.2%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Singapore
In 2022, after two years of decline, there was significant growth in purchases abroad of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses, when their volume increased by 412% to 750 tons. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $475K in 2022. Overall, imports, however, continue to indicate a noticeable shrinkage.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 538 | 335 | 94.5 | 475 | -4.1% |
| Others | 4.0 | 1.0 | 10.7 | 1.0 | -37.0% |
| Total | 542 | 336 | 105 | 475 | -4.3% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Singapore in 2022:
- Taiwan (Chinese) (749.4 tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Singapore
In 2022, overseas shipments of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by 99.9% to 26 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a sharp curtailment. The growth pace was the most rapid in 2020 when exports increased by 702%.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses contracted remarkably to $88 in 2022. Overall, exports faced a significant decline. The pace of growth was the most pronounced in 2020 when exports increased by 334%.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 77.5 | 24.7 | 18.6 | N/A | -51.0% |
| Vietnam | N/A | N/A | N/A | N/A | 0% |
| Malaysia | 52.4 | N/A | N/A | N/A | 0% |
| India | N/A | 58.1 | 980 | N/A | 1586.7% |
| Indonesia | N/A | 185 | N/A | N/A | 0% |
| Philippines | N/A | N/A | N/A | N/A | 0% |
| Oman | N/A | 296 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 130 | 564 | 999 | 0.1 | -90.8% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Singapore in 2022:
- Vietnam (14.0 kg)
- Philippines (12.0 kg)
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