U.S. - 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 the United States - 2023
Contents:
- Price for Phthalic Anhydride and Terephthalic Acid in the United States (CIF) - 2023
- Price for Phthalic Anhydride and Terephthalic Acid in the United States (FOB) - 2022
- Imports of Phthalic Anhydride and Terephthalic Acid in the United States
- Exports of Phthalic Anhydride and Terephthalic Acid in the United States
Price for Phthalic Anhydride and Terephthalic Acid in the United States (CIF) - 2023
The average import price for phthalic anhydride, terephthalic acid and its salts stood at $1,329 per ton in August 2023, growing by 1.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 29% m-o-m. The import price peaked at $1,442 per ton in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($1,565 per ton), while the price for Mexico ($890 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Canada (+4.5%), while the prices for the other major suppliers experienced a decline.
Price for Phthalic Anhydride and Terephthalic Acid in the United States (FOB) - 2022
The average export price for phthalic anhydride, terephthalic acid and its salts stood at $1,204 per ton in 2022, growing by 32% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 57% against the previous year. The export price peaked at $1,589 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($1,496 per ton), while the average price for exports to Thailand ($275 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 (+51.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Phthalic Anhydride and Terephthalic Acid in the United States
For the third consecutive year, the United States recorded decline in purchases abroad of phthalic anhydride, terephthalic acid and its salts, which decreased by -13.4% to 577K tons in 2022. Overall, imports continue to indicate a deep reduction. The smallest decline of -7.9% was in 2021.
In value terms, phthalic anhydride and terephthalic acid imports declined to $601M in 2022. In general, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 4.1% against the previous year.
Import of Phthalic Anhydride and Terephthalic Acid in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 404 | 352 | 409 | 402 | -0.2% |
Mexico | 354 | 179 | 179 | 116 | -31.1% |
South Korea | 32.2 | 43.3 | 12.6 | 52.6 | 17.8% |
Italy | 15.1 | 11.6 | 7.1 | 12.3 | -6.6% |
Others | 13.6 | 8.8 | 10.6 | 17.8 | 9.4% |
Total | 819 | 595 | 619 | 601 | -9.8% |
Top Suppliers of Phthalic Anhydride and Terephthalic Acid to the United States in 2022:
- Canada (406.1K tons)
- Mexico (94.8K tons)
- South Korea (49.6K tons)
- Italy (10.4K tons)
Exports of Phthalic Anhydride and Terephthalic Acid in the United States
In 2022, after three years of growth, there was significant decline in overseas shipments of phthalic anhydride, terephthalic acid and its salts, when their volume decreased by -75.1% to 14K tons. Overall, exports faced a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 81%.
In value terms, phthalic anhydride and terephthalic acid exports dropped rapidly to $17M in 2022. In general, exports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 73%. As a result, the exports attained the peak of $51M, and then declined remarkably in the following year.
Export of Phthalic Anhydride and Terephthalic Acid in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 6.7 | 4.5 | 7.3 | 10.6 | 16.5% |
Mexico | 0.2 | 2.5 | 0.3 | 5.3 | 198.1% |
China | N/A | N/A | N/A | 0.4 | 0% |
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% |
Saudi Arabia | N/A | 3.8 | 3.8 | N/A | 0.0% |
Brazil | 1.5 | 3.7 | 3.5 | N/A | 52.8% |
Others | 1.5 | 1.0 | 3.3 | 0.3 | -41.5% |
Total | 23.7 | 29.6 | 51.3 | 16.8 | -10.8% |
Top Export Markets for Phthalic Anhydride and Terephthalic Acid from the United States in 2022:
- Brazil (undefinedK tons)
- Belgium (undefinedK tons)
- Canada (8.1K tons)
- Mexico (3.5K tons)
- China (1.4K tons)
- Thailand (0.7K tons)
This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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