India - Phthalic Anhydride, Terephthalic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Phthalic Anhydride and Terephthalic Acid in India - 2023
Contents:
- Price for Phthalic Anhydride and Terephthalic Acid in India (CIF) - 2023
- Price for Phthalic Anhydride and Terephthalic Acid in India (FOB) - 2022
- Imports of Phthalic Anhydride and Terephthalic Acid in India
- Exports of Phthalic Anhydride and Terephthalic Acid in India
Price for Phthalic Anhydride and Terephthalic Acid in India (CIF) - 2023
In July 2023, the average import price for phthalic anhydride, terephthalic acid and its salts amounted to $826 per ton, dropping by -4.3% against the previous month. Over the period under review, the import price showed a mild descent. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 7.3% against the previous month. Over the period under review, average import prices reached the peak figure at $1,070 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from South Korea ($996 per ton) and China ($838 per ton), while the price for Taiwan (Chinese) ($779 per ton) and Indonesia ($800 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (-1.7%), while the prices for the other major suppliers experienced a decline.
Price for Phthalic Anhydride and Terephthalic Acid in India (FOB) - 2022
In 2022, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $1,337 per ton, rising by 59% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 62% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($1,945 per ton), while the average price for exports to Turkey ($1,038 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 the United Arab Emirates (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Phthalic Anhydride and Terephthalic Acid in India
In 2022, approx. 979K tons of phthalic anhydride, terephthalic acid and its salts were imported into India; falling by -36.5% against 2021 figures. Over the period under review, imports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2021 when imports increased by 190%. As a result, imports attained the peak of 1.5M tons, and then fell significantly in the following year.
In value terms, phthalic anhydride and terephthalic acid imports declined significantly to $827M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 282% against the previous year. As a result, imports attained the peak of $1.2B, and then plummeted in the following year.
| Import of Phthalic Anhydride and Terephthalic Acid in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.5 | 13.0 | 405 | 299 | 86.0% |
| Taiwan (Chinese) | 174 | 56.0 | 281 | 172 | -0.4% |
| Thailand | 143 | 58.6 | 254 | 156 | 2.9% |
| South Korea | 321 | 75.9 | 74.9 | 97.2 | -32.8% |
| Belgium | 28.2 | 38.9 | 48.9 | 35.7 | 8.2% |
| Indonesia | 31.0 | 12.4 | 28.4 | 17.6 | -17.2% |
| Iran | 15.4 | 12.5 | 12.9 | 7.7 | -20.6% |
| Others | 54.6 | 38.1 | 61.6 | 41.6 | -8.7% |
| Total | 813 | 305 | 1,168 | 827 | 0.6% |
Top Suppliers of Phthalic Anhydride and Terephthalic Acid to India in 2022:
- China (364.6K tons)
- Taiwan (Chinese) (201.3K tons)
- Thailand (175.4K tons)
- South Korea (110.3K tons)
- Belgium (51.4K tons)
- Indonesia (19.8K tons)
- Iran (12.0K tons)
Exports of Phthalic Anhydride and Terephthalic Acid in India
For the third year in a row, India recorded decline in shipments abroad of phthalic anhydride, terephthalic acid and its salts, which decreased by -92.4% to 7.6K tons in 2022. Over the period under review, exports saw a sharp slump. The smallest decline of -2.1% was in 2020.
In value terms, phthalic anhydride and terephthalic acid exports fell rapidly to $10M in 2022. Overall, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 1.4% against the previous year.
| Export of Phthalic Anhydride and Terephthalic Acid in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 17.3 | 20.0 | 16.8 | 2.1 | -50.5% |
| Oman | 41.4 | 15.8 | 15.3 | 2.0 | -63.6% |
| United Arab Emirates | 16.2 | 8.6 | 13.8 | 1.7 | -52.8% |
| Saudi Arabia | 5.6 | 6.2 | 13.9 | 1.6 | -34.1% |
| Egypt | 2.8 | 2.8 | 3.8 | 0.7 | -37.0% |
| Malaysia | 3.7 | 1.5 | 3.1 | 0.4 | -52.4% |
| Belarus | 1.0 | 1.3 | 1.3 | 0.2 | -41.5% |
| Tunisia | 2.4 | 1.4 | 1.9 | 0.2 | -56.3% |
| South Africa | 12.8 | 14.9 | 0.5 | 0.1 | -80.2% |
| Indonesia | 5.9 | N/A | N/A | N/A | 0% |
| Pakistan | 10.8 | N/A | N/A | N/A | 0% |
| Others | 6.6 | 9.4 | 12.7 | 1.1 | -45.0% |
| Total | 127 | 82.0 | 83.2 | 10.1 | -57.0% |
Top Export Markets for Phthalic Anhydride and Terephthalic Acid from India in 2022:
- Indonesia (undefined tons)
- Turkey (2049.1 tons)
- Oman (1656.8 tons)
- Saudi Arabia (988.9 tons)
- United Arab Emirates (943.2 tons)
- Egypt (653.6 tons)
- Malaysia (286.2 tons)
- Belarus (139.3 tons)
- Tunisia (118.3 tons)
- South Africa (51.9 tons)
This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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