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

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

For the fifth consecutive year, the North American market for phthalic anhydride, terephthalic acid and its salts recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption continues to indicate a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Northern America

In value terms, phthalic anhydride and terephthalic acid production shrank modestly to $X in 2022 estimated in export price. In general, production saw a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of 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 in Northern America

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, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, phthalic anhydride and terephthalic acid exports fell to $X in 2022. In general, exports, however, posted a tangible increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

Canada prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. The United States (X tons) followed a long way behind the leaders.

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

In value terms, Canada ($X) remains the largest phthalic anhydride and terephthalic acid supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price recorded a perceptible contraction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

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

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports in Northern America

For the third year in a row, Northern America recorded decline in supplies from abroad of phthalic anhydride, terephthalic acid and its salts, which decreased by X% to X tons in 2022. Total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. 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 fell modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. Canada (X tons) held a little share of total imports.

The United States 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. Canada (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported phthalic anhydride, terephthalic acid and its salts in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

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

Source: IndexBox Platform

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