Russian Federation - 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 Russia - 2022
Contents:
- Price for Phthalic Anhydride and Terephthalic Acid in Russia (CIF) - 2022
- Price for Phthalic Anhydride and Terephthalic Acid in Russia (FOB) - 2022
- Imports of Phthalic Anhydride and Terephthalic Acid in Russia
- Exports of Phthalic Anhydride and Terephthalic Acid in Russia
Price for Phthalic Anhydride and Terephthalic Acid in Russia (CIF) - 2022
In 2022, the average import price for phthalic anhydride, terephthalic acid and its salts amounted to $654 per ton, with a decrease of -12.4% against the previous year. Overall, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33%. Over the period under review, average import prices reached the maximum at $1,211 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belarus ($821 per ton), while the price for China amounted to $649 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.4%), while the prices for the other major suppliers experienced a decline.
Price for Phthalic Anhydride and Terephthalic Acid in Russia (FOB) - 2022
In January 2022, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $1,084 per ton, which is down by -6.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in March 2021 an increase of 9% m-o-m. The export price peaked at $1,164 per ton in December 2021, and then fell in the following month.
Average prices varied somewhat for the major external markets. In January 2022, the highest price was recorded for prices to Canada ($1,477 per ton) and Guatemala ($1,244 per ton), while the average price for exports to Turkey ($992 per ton) and Lithuania ($1,033 per ton) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Phthalic Anhydride and Terephthalic Acid in Russia
In 2022, approx. 308K tons of phthalic anhydride, terephthalic acid and its salts were imported into Russia; therefore, remained relatively stable against the previous year. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 1.6% against the previous year.
In value terms, phthalic anhydride and terephthalic acid imports dropped to $202M in 2022. In general, imports saw a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year.
Import of Phthalic Anhydride and Terephthalic Acid in Russia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 215 | 151 | 194 | 194 | -3.4% |
Belarus | 14.5 | 7.2 | 15.1 | 7.7 | -19.0% |
South Korea | 55.1 | 5.0 | N/A | N/A | -90.9% |
Belgium | 20.6 | 4.9 | 18.3 | N/A | -5.7% |
Others | 20.7 | 3.0 | 5.4 | N/A | -48.9% |
Total | 326 | 171 | 232 | 202 | -14.7% |
Top Suppliers of Phthalic Anhydride and Terephthalic Acid to Russia in 2022:
- China (299.1K tons)
- Belarus (9.4K tons)
Exports of Phthalic Anhydride and Terephthalic Acid in Russia
After three years of growth, overseas shipments of phthalic anhydride, terephthalic acid and its salts decreased by -4.1% to 72K tons in 2022. The total export volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, the exports attained the peak of 76K tons, and then fell in the following year.
In value terms, phthalic anhydride and terephthalic acid exports declined markedly to $63M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 70% against the previous year. As a result, the exports attained the peak of $79M, and then contracted rapidly in the following year.
Export of Phthalic Anhydride and Terephthalic Acid in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 4.0 | 5.1 | 11.9 | 23.4 | 80.2% |
Poland | 5.6 | 5.3 | 12.3 | 10.7 | 24.1% |
Belarus | N/A | N/A | 8.1 | 4.9 | -39.5% |
Colombia | 3.0 | 2.7 | 6.1 | 4.3 | 12.7% |
Ecuador | 0.2 | 0.2 | 1.7 | 2.7 | 138.1% |
Finland | 4.0 | 2.0 | 3.2 | 2.3 | -16.8% |
Canada | 1.8 | 1.8 | 3.2 | 2.2 | 6.9% |
Guatemala | 0.7 | 0.5 | 0.7 | 1.9 | 39.5% |
Peru | 0.7 | 1.9 | 2.2 | 1.9 | 39.5% |
Lithuania | N/A | N/A | N/A | 1.8 | 0% |
Tunisia | 1.0 | 1.1 | 1.5 | 1.5 | 14.5% |
Egypt | 6.2 | 3.5 | 7.7 | 1.4 | -39.1% |
Switzerland | N/A | N/A | 0.1 | 1.3 | 1200.0% |
Others | 23.0 | 22.3 | 20.3 | 2.3 | -53.6% |
Total | 50.3 | 46.3 | 78.9 | 62.6 | 7.6% |
Top Export Markets for Phthalic Anhydride and Terephthalic Acid from Russia in 2022:
- Turkey (29.7K tons)
- Poland (12.5K tons)
- Belarus (5.5K tons)
- Colombia (4.6K tons)
- Ecuador (2.8K tons)
- Finland (2.6K tons)
- Lithuania (2.2K tons)
- Canada (1.9K tons)
- Guatemala (1.9K tons)
- Peru (1.9K tons)
- Egypt (1.6K tons)
- Tunisia (1.6K tons)
- Switzerland (1.5K tons)
This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in the Russian Federation. 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:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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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Explore the top import markets for Phthalic Anhydride and Terephthalic Acid and their key statistics. Discover the countries with the highest import values for these chemical compounds. Learn how Turkey, India, and Vietnam dominate the market.
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid, including Turkey, India, Vietnam, and more. Discover key statistics and market values.
Global demand for polycarboxylic acids is projected to increase over the next seven years, with market volume expected to reach 32M tons by 2030. Market performance is forecasted to expand with an anticipated CAGR of +1.8% from 2023 to 2030, reaching a market value of $42.3B by the end of 2030. Key consuming countries include the United States, China, and India, with Belgium showing the highest rates of growth in consumption.
Explore the top import markets for Polycarboxylic Acid in 2023, including Turkey, India, the United States, and more. Learn about the key statistics and trends driving the global demand for this essential chemical compound.