South Africa - 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 South Africa - 2023
Contents:
- Price for Phthalic Anhydride and Terephthalic Acid in South Africa (CIF) - 2023
- Price for Phthalic Anhydride and Terephthalic Acid in South Africa (FOB) - 2022
- Imports of Phthalic Anhydride and Terephthalic Acid in South Africa
- Exports of Phthalic Anhydride and Terephthalic Acid in South Africa
Price for Phthalic Anhydride and Terephthalic Acid in South Africa (CIF) - 2023
In July 2023, the average import price for phthalic anhydride, terephthalic acid and its salts amounted to $855 per ton, approximately equating the previous month. Over the period under review, the import price continues to indicate a slight curtailment. The growth pace was the most rapid in March 2023 when the average import price increased by 7.8% month-to-month. The import price peaked at $980 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was China ($921 per ton), while the price for Thailand ($824 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the prices for the other major suppliers experienced a decline.
Price for Phthalic Anhydride and Terephthalic Acid in South Africa (FOB) - 2022
The average export price for phthalic anhydride, terephthalic acid and its salts stood at $2,323 per ton in 2022, with an increase of 57% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phthalic anhydride and terephthalic acid export price increased by +90.3% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Zimbabwe.
From 2012 to 2022, the rate of growth in terms of prices for Zambia amounted to +9.6% per year.
Imports of Phthalic Anhydride and Terephthalic Acid in South Africa
In 2022, approx. 207K tons of phthalic anhydride, terephthalic acid and its salts were imported into South Africa; jumping by 21% against 2021. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, phthalic anhydride and terephthalic acid imports surged to $138M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Phthalic Anhydride and Terephthalic Acid in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 67.2 | 14.0 | 76.5 | 84.4 | 7.9% |
Thailand | 53.1 | 39.2 | 33.8 | 45.4 | -5.1% |
Taiwan (Chinese) | 0.1 | N/A | N/A | 7.6 | 323.6% |
South Korea | 4.0 | 9.5 | 2.4 | 0.9 | -39.2% |
India | 13.2 | 14.7 | 1.4 | N/A | -67.4% |
Others | 0.3 | 0.3 | 0.7 | N/A | 52.8% |
Total | 138 | 77.6 | 115 | 138 | 0.0% |
Top Suppliers of Phthalic Anhydride and Terephthalic Acid to South Africa in 2022:
- India (undefinedK tons)
- China (126.5K tons)
- Thailand (71.4K tons)
- Taiwan (Chinese) (7.8K tons)
- South Korea (0.9K tons)
Exports of Phthalic Anhydride and Terephthalic Acid in South Africa
After three years of growth, shipments abroad of phthalic anhydride, terephthalic acid and its salts decreased by -90.3% to 10 tons in 2022. Over the period under review, exports showed a sharp downturn. The growth pace was the most rapid in 2020 when exports increased by 47%.
In value terms, phthalic anhydride and terephthalic acid exports shrank markedly to $23K in 2022. Overall, exports showed a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, the exports attained the peak of $153K, and then contracted significantly in the following year.
Export of Phthalic Anhydride and Terephthalic Acid in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Zimbabwe | 68.7 | 97.4 | 153 | 23.2 | -30.4% |
Zambia | 12.9 | N/A | N/A | N/A | 0% |
Others | 0.1 | 0.2 | N/A | N/A | 100.0% |
Total | 81.7 | 97.5 | 153 | 23.2 | -34.3% |
Top Export Markets for Phthalic Anhydride and Terephthalic Acid from South Africa in 2022:
- Zimbabwe (10.0 tons)
This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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.
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