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

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

The Brazilian market for phthalic anhydride, terephthalic acid and its salts fell to $X in 2022, leveling off at the previous year. Overall, consumption, however, showed a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, phthalic anhydride and terephthalic acid production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Brazil

In 2022, overseas shipments of phthalic anhydride, terephthalic acid and its salts decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid exports plummeted to $X in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Brazil, accounting for a X% share of total exports. Moreover, phthalic anhydride and terephthalic acid exports to Argentina exceeded the volume sent to the second major destination, the Dominican Republic (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and the United States (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (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, growing by X% against the previous year. Overall, the export price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Argentina ($X 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 Dominican Republic (X%), while the prices for the other major destinations experienced a decline.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Brazil

In 2022, imports of phthalic anhydride, terephthalic acid and its salts into Brazil skyrocketed to X tons, picking up by X% compared with the previous year's figure. In general, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a deep contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X tons) constituted the largest phthalic anhydride and terephthalic acid supplier to Brazil, accounting for a X% share of total imports. Moreover, phthalic anhydride and terephthalic acid imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of phthalic anhydride, terephthalic acid and its salts to Brazil, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (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, rising by X% against the previous year. Over the period under review, the import price, however, saw a mild downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per ton) and South Korea ($X per ton), while the price for the United States ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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