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

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

The Greek market for phthalic anhydride, terephthalic acid and its salts rose sharply to $X in 2022, picking up by X% against the previous year. In general, consumption saw a slight reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, phthalic anhydride and terephthalic acid production fell to $X in 2022 estimated in export price. Overall, production saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Phthalic anhydride and terephthalic acid production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Greece

Phthalic anhydride and terephthalic acid exports from Greece plummeted to X tons in 2022, reducing by X% on the previous year. Overall, exports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid exports dropped rapidly to $X in 2022. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Greece, with a approx. X% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to Turkey totaled X%.

In value terms, Turkey ($X) also remains the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Greece.

From 2016 to 2022, the average annual growth rate of value to Turkey amounted to X%.

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. In general, export price indicated a strong expansion from 2016 to 2022: its price increased at an average annual rate of X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2016 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Greece

In 2022, the amount of phthalic anhydride, terephthalic acid and its salts imported into Greece reduced to X tons, waning by X% on 2021 figures. In general, imports, however, showed a slight increase. 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 attained the maximum at X tons in 2018; however, from 2019 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, saw a slight increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Belgium (X tons), South Korea (X tons) and Portugal (X tons) were the main suppliers of phthalic anhydride and terephthalic acid imports to Greece, together accounting for X% of total imports.

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

In value terms, Belgium ($X), South Korea ($X) and Portugal ($X) constituted the largest phthalic anhydride and terephthalic acid suppliers to Greece, together comprising X% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, recorded the highest growth rate of 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 average import price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and Portugal ($X per ton), while the price for Belgium ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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