South-Eastern Asia: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in South-Eastern Asia

In 2022, the Southeast Asian market for phthalic anhydride, terephthalic acid and its salts increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a perceptible curtailment. 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 South-Eastern Asia

In value terms, phthalic anhydride and terephthalic acid production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports in South-Eastern Asia

In 2022, approx. X tons of phthalic anhydride, terephthalic acid and its salts were exported in South-Eastern Asia; with a decrease of X% compared with 2021 figures. Overall, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid exports surged to $X in 2022. Over the period under review, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) held the second position in the ranking, followed by Indonesia (X tons). All these countries together held near X% share of total exports.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. Indonesia experienced a relatively flat trend pattern. Malaysia (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest phthalic anhydride and terephthalic acid supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure 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 Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports in South-Eastern Asia

In 2022, purchases abroad of phthalic anhydride, terephthalic acid and its salts decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced slightly in the following year.

In value terms, phthalic anhydride and terephthalic acid imports skyrocketed to $X in 2022. Overall, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Vietnam dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. Malaysia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%).

Vietnam 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. Indonesia (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported phthalic anhydride, terephthalic acid and its salts in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, saw a slight descent. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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