United Arab Emirates: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in the United Arab Emirates

In 2022, the market for phthalic anhydride, terephthalic acid and its salts in the United Arab Emirates increased by X% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, showed a deep reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in the United Arab Emirates

In value terms, phthalic anhydride and terephthalic acid production expanded markedly to $X in 2022 estimated in export price. In general, production showed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from the United Arab Emirates

In 2022, overseas shipments of phthalic anhydride, terephthalic acid and its salts decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid exports fell remarkably to $X in 2022. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Iran (X tons), India (X tons) and Jordan (X tons) were the main destinations of phthalic anhydride and terephthalic acid exports from the United Arab Emirates, together comprising X% of total exports. Saudi Arabia, Qatar and Pakistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), India ($X) and Jordan ($X) appeared to be the largest markets for phthalic anhydride and terephthalic acid exported from the United Arab Emirates worldwide, with a combined X% share of total exports. Saudi Arabia, Qatar and Pakistan lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price 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, phthalic anhydride and terephthalic acid export price increased by X% against 2020 indices. The export price peaked at $X per ton in 2016; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into the United Arab Emirates

In 2022, the amount of phthalic anhydride, terephthalic acid and its salts imported into the United Arab Emirates reduced remarkably to X tons, with a decrease of X% compared with 2021. In general, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid imports amounted to $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), India (X tons) and South Korea (X tons) were the main suppliers of phthalic anhydride and terephthalic acid imports to the United Arab Emirates, 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 India (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest phthalic anhydride and terephthalic acid suppliers to the United Arab Emirates were Taiwan (Chinese) ($X), India ($X) and South Korea ($X), together comprising X% of total imports.

In terms of the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price 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, phthalic anhydride and terephthalic acid import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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