Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United States - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United States (CIF) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United States (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United States
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United States
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United States (CIF) - 2023
In December 2023, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $1,357 per ton, growing by 4.9% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 12% month-to-month. As a result, import price attained the peak level of $1,443 per ton; afterwards, it flattened through to December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($1,565 per ton), while the price for South Korea ($856 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United States (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $1,350 per ton in 2022, increasing by 60% against the previous year. Over the period under review, the export price enjoyed mild growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($2,716 per ton), while the average price for exports to Turkey ($138 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+46.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United States
Imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses into the United States dropped sharply to 522K tons in 2022, shrinking by -17.6% compared with 2021 figures. In general, imports continue to indicate a abrupt contraction. The smallest decline of -6.9% was in 2021.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses dropped to $547M in 2022. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 4.6%.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 404 | 352 | 409 | 402 | -0.2% |
| Mexico | 341 | 172 | 168 | 101 | -33.3% |
| South Korea | 28.0 | 36.4 | 7.3 | 41.8 | 14.3% |
| Others | 3.5 | 0.1 | 1.1 | 1.8 | -19.9% |
| Total | 777 | 560 | 586 | 547 | -11.0% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to the United States in 2022:
- Canada (406.0K tons)
- Mexico (72.8K tons)
- South Korea (41.1K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United States
After three years of growth, overseas shipments of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -98.5% to 785 tons in 2022. Overall, exports saw a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of 106% against the previous year.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses contracted rapidly to $1.1M in 2022. In general, exports showed a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. As a result, the exports reached the peak of $43M, and then reduced notably in the following year.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 0.1 | 2.4 | 0.3 | 0.6 | 81.7% |
| Brazil | 1.5 | 3.6 | 3.0 | 0.2 | -48.9% |
| Thailand | N/A | N/A | N/A | 0.2 | 0% |
| Argentina | 12.4 | 12.2 | 31.8 | N/A | 60.1% |
| Belgium | 1.4 | 2.0 | 1.3 | N/A | -3.6% |
| Germany | N/A | N/A | 2.9 | N/A | 0% |
| India | 1.4 | 0.9 | N/A | N/A | -35.7% |
| Saudi Arabia | N/A | 3.8 | 3.8 | N/A | 0.0% |
| Turkey | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 16.8 | 24.9 | 43.2 | 1.1 | -59.7% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from the United States in 2022:
- Brazil (264.3 tons)
- Mexico (232.1 tons)
- Turkey (145.1 tons)
- Thailand (135.0 tons)
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