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

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

The CIS market for phthalic anhydride, terephthalic acid and its salts reduced modestly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption saw a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

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

In value terms, phthalic anhydride and terephthalic acid production dropped modestly to $X in 2022 estimated in export price. In general, production showed a deep downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports in CIS

In 2022, shipments abroad of phthalic anhydride, terephthalic acid and its salts decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then shrank notably in the following year.

In value terms, phthalic anhydride and terephthalic acid exports shrank sharply to $X in 2022. Over the period under review, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Russia represented the largest exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Belarus (X tons), making up a X% share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2022. Belarus (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest phthalic anhydride and terephthalic acid supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, showed a mild slump. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports in CIS

In 2022, purchases abroad of phthalic anhydride, terephthalic acid and its salts decreased by X% to X tons, falling for the third consecutive year after six years of growth. In general, imports, however, enjoyed temperate growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, phthalic anhydride and terephthalic acid imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Belarus (X tons) took a relatively small share of total imports.

Russia was also the fastest-growing in terms of the phthalic anhydride, terephthalic acid and its salts imports, with a CAGR of X% from 2012 to 2022. Belarus (X%) illustrated a downward trend over the same period. Russia (X p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported phthalic anhydride, terephthalic acid and its salts in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Source: IndexBox Platform

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