Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Vietnam - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Vietnam (CIF) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Vietnam (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Vietnam
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Vietnam
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Vietnam (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $1,094 per ton in 2022, surging by 36% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $1,211 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($1,094 per ton) and Taiwan (Chinese) ($1,094 per ton), while the price for Malaysia ($1,094 per ton) and China ($1,094 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+22.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Vietnam (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $791 per ton in 2022, which is down by -7% against the previous year. Overall, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs at $851 per ton in 2021, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.9% per year.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Vietnam
In 2022, supplies from abroad of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -0.2% to 760K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +12.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. As a result, imports reached the peak of 762K tons, leveling off in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $832M in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 60% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 343 | 279 | 370 | 379 | 3.4% |
| China | 3.6 | 39.9 | 130 | 288 | 330.9% |
| Thailand | 108 | 56.9 | 105 | 152 | 12.1% |
| Malaysia | 4.3 | 5.5 | 6.6 | 13.1 | 45.0% |
| Others | 1.0 | 0.7 | 0.7 | N/A | -16.3% |
| Total | 460 | 382 | 613 | 832 | 21.8% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Vietnam in 2022:
- Taiwan (Chinese) (346.4K tons)
- China (263.1K tons)
- Thailand (138.8K tons)
- Malaysia (12.0K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Vietnam
In 2022, overseas shipments of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were finally on the rise to reach 19 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a deep setback.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses skyrocketed to $15K in 2022. Overall, exports, however, showed a deep slump.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.7 | 14.8 | 0.8 | 14.8 | -7.5% |
| Ecuador | N/A | N/A | 10.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.7 | 14.8 | 10.9 | 14.8 | -7.5% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Vietnam in 2022:
- China (18.7 tons)
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