Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Indonesia - 2022

Contents:

1. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Indonesia (CIF) - 2022
2. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Indonesia (FOB) - 2022
3. Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Indonesia
4. Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Indonesia

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Indonesia (CIF) - 2022

In 2022, the average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $2,142 per ton, with an increase of 12% against the previous year. Overall, the import price, however, saw a mild decline. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs at $2,359 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($3,458 per ton), while the price for China ($1,630 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Indonesia (FOB) - 2022

In 2022, the average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $1,767 per ton, remaining stable against the previous year. Over the period under review, the export price, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 an increase of 17% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,393 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($13,426 per ton), while the average price for exports to the Philippines ($1,379 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 Thailand (+19.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Indonesia

In 2022, overseas purchases of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses were finally on the rise to reach 2.9K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses skyrocketed to $6.2M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to Indonesia in 2022:

1. China (945.4 tons)
2. Japan (735.8 tons)
3. India (733.1 tons)
4. Thailand (210.9 tons)
5. Taiwan (Chinese) (124.4 tons)
6. Malaysia (64.2 tons)
7. South Korea (6.5 tons)

Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Indonesia

Exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses from Indonesia contracted rapidly to 50 tons in 2022, waning by -43.7% on 2021. Over the period under review, exports continue to indicate a precipitous curtailment. The smallest decline of -9.9% was in 2021.

In value terms, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses reduced notably to $88K in 2022. Overall, exports saw a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 5.4%.

Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids from Indonesia in 2022:

1. Taiwan (Chinese) (33.8 tons)
2. Philippines (10.0 tons)
3. Myanmar (4.1 tons)
4. Vietnam (1.4 tons)

Source: IndexBox Market Intelligence Platform