Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in China - 2024
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in China (FOB) - 2024
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in China (CIF) - 2024
- Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in China
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in China
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in China (FOB) - 2024
In September 2023, the average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,054 per ton, growing by 4.5% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $1,126 per ton in March 2023; afterwards, it flattened through to September 2023.
Average prices varied noticeably for the major overseas markets. In September 2023, the countries with the highest prices were Kenya ($1,110 per ton) and Brazil ($1,086 per ton), while the average price for exports to Australia ($999 per ton) and the United Arab Emirates ($1,004 per ton) were amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+0.2%), while the prices for the other major destinations experienced a decline.
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in China (CIF) - 2024
The average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $1,364 per ton in September 2023, jumping by 18% against the previous month. Over the period from February 2023 to September 2023, it increased at an average monthly rate of +1.6%. The import price peaked at $1,538 per ton in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From February 2023 to September 2023, the rate of growth in terms of prices for South Korea amounted to +0.8% per month.
Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in China
In 2022, approx. 55K tons of acids; aromatic polycarboxylic acids; phthalic anhydrides were exported from China; surging by 3.9% on the previous year's figure. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 141%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of acids; aromatic polycarboxylic acids; phthalic anhydrides surged to $62M in 2022. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 197% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 11.9 | 3.4 | 26.4 | 15.5 | 9.2% |
| Colombia | 0.5 | 0.6 | 1.3 | 6.0 | 128.9% |
| Brazil | 0.8 | 2.2 | 0.2 | 5.2 | 86.6% |
| Mexico | 0.2 | 0.1 | 0.3 | 3.6 | 162.1% |
| United Arab Emirates | 0.8 | 0.6 | 1.9 | 3.4 | 62.0% |
| Pakistan | 3.0 | 0.5 | 2.8 | 2.9 | -1.1% |
| Malaysia | 0.2 | 0.1 | 0.2 | 2.8 | 141.0% |
| Saudi Arabia | 0.4 | 0.2 | 0.7 | 2.5 | 84.2% |
| Chile | 0.2 | 0.2 | 0.4 | 2.5 | 132.1% |
| Egypt | 0.6 | 0.1 | 0.6 | 2.1 | 51.8% |
| Turkey | 1.0 | 0.2 | 0.3 | 2.0 | 26.0% |
| Peru | 0.9 | 0.4 | 1.0 | 1.9 | 28.3% |
| Ecuador | 1.4 | 0.6 | 0.8 | 1.9 | 10.7% |
| Others | 16.0 | 6.6 | 10.0 | 10.0 | -14.5% |
| Total | 37.8 | 15.8 | 47.0 | 62.3 | 18.1% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from China in 2022:
- India (14.1K tons)
- Colombia (5.5K tons)
- Brazil (4.4K tons)
- Mexico (3.1K tons)
- United Arab Emirates (2.9K tons)
- Pakistan (2.6K tons)
- Malaysia (2.5K tons)
- Chile (2.3K tons)
- Saudi Arabia (2.1K tons)
- Turkey (1.8K tons)
- Egypt (1.8K tons)
- Ecuador (1.7K tons)
- Peru (1.6K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in China
In 2022, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides into China surged to 36K tons, with an increase of 72% compared with 2021 figures. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 102%. As a result, imports attained the peak of 47K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides surged to $30M in 2022. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.2 | 11.3 | 6.8 | 16.2 | 56.8% |
| Taiwan (Chinese) | 6.0 | 12.4 | 7.9 | 11.4 | 23.9% |
| Japan | 7.4 | 4.5 | 0.1 | 2.2 | -33.3% |
| Thailand | 3.8 | 0.4 | N/A | N/A | -89.5% |
| Others | N/A | 0.2 | 0.4 | 0.4 | 41.4% |
| Total | 21.4 | 28.9 | 15.2 | 30.3 | 12.3% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to China in 2022:
- South Korea (20.0K tons)
- Taiwan (Chinese) (12.6K tons)
- Japan (3.0K tons)
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