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

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

In 2022, after three years of decline, there was growth in the Europe market for phthalic anhydride, terephthalic acid and its salts, when its value increased by X% to $X. In general, consumption, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, phthalic anhydride and terephthalic acid production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports in Europe

Phthalic anhydride and terephthalic acid exports fell dramatically to X tons in 2022, waning by X% on the previous year's figure. Overall, exports showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid exports rose sharply to $X in 2022. In general, exports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Belgium (X tons), Portugal (X tons) and Poland (X tons) was the key exporter of phthalic anhydride, terephthalic acid and its salts in Europe, mixing up X% of total export. It was distantly followed by the Netherlands (X tons), constituting a X% share of total exports. Spain (X tons), Russia (X tons) and Austria (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Portugal ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The Netherlands, Austria, Spain and Russia lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports in Europe

Phthalic anhydride and terephthalic acid imports contracted to X tons in 2022, reducing by X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. The volume of import peaked 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 surged to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Lithuania (X tons) and Germany (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Italy (X tons), Spain (X tons) and Russia (X tons), together committing a X% share of total imports. The Netherlands (X tons) and France (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest phthalic anhydride and terephthalic acid importing markets in Europe were Lithuania ($X), Germany ($X) and Italy ($X), together accounting for X% of total imports. Spain, Russia, the Netherlands and France lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a mild decrease. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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