Austria: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Austria

The Austrian market for phthalic anhydride, terephthalic acid and its salts dropped to $X in 2022, which is down by X% against the previous year. In general, consumption showed a abrupt decline. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Austria

In value terms, phthalic anhydride and terephthalic acid production dropped to $X in 2022 estimated in export price. Overall, production showed a abrupt slump. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Phthalic anhydride and terephthalic acid production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Austria

In 2022, approx. X tons of phthalic anhydride, terephthalic acid and its salts were exported from Austria; almost unchanged from the previous year's figure. In general, exports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, phthalic anhydride and terephthalic acid exports surged to $X in 2022. Over the period under review, total exports indicated a slight increase from 2014 to 2022: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Austria, with a X% share of total exports. Moreover, phthalic anhydride and terephthalic acid exports to Italy exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2014 to 2022, the average annual growth rate of volume to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the United States (X% per year).

In value terms, Italy ($X) remains the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Austria, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2014 to 2022, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a pronounced increase from 2014 to 2022: its price increased at an average annual rate of X% over the last eight-year period. 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 X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and the United States ($X per ton), while the average price for exports to Turkey ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Austria

Phthalic anhydride and terephthalic acid imports into Austria contracted to X tons in 2022, with a decrease of X% compared with 2021. Overall, imports saw a slight slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, phthalic anhydride and terephthalic acid imports totaled $X in 2022. Over the period under review, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest phthalic anhydride and terephthalic acid supplier to Austria, accounting for a X% share of total imports. Moreover, phthalic anhydride and terephthalic acid imports from Poland exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Italy (X% per year).

In value terms, Poland ($X) constituted the largest supplier of phthalic anhydride, terephthalic acid and its salts to Austria, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Italy (X% per year).

Import Prices by Country

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :