Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hong Kong SAR - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hong Kong SAR (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hong Kong SAR (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hong Kong SAR
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hong Kong SAR
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hong Kong SAR (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $1,738 per ton in 2022, reducing by -55.9% against the previous year. Over the period under review, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 427% against the previous year. As a result, the export price reached the peak level of $3,936 per ton, and then dropped remarkably in the following year.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($2,199 per ton), while the average price for exports to Brazil ($1,590 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 Tunisia (+23.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hong Kong SAR (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $4,571 per ton in 2022, rising by 168% against the previous year. Over the period under review, the import price saw a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -2.4% per year.
Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in overseas shipments of acids; aromatic polycarboxylic acids; phthalic anhydrides, when their volume increased by 301% to 149 tons. Over the period under review, exports, however, continue to indicate a deep contraction.
In value terms, exports of acids; aromatic polycarboxylic acids; phthalic anhydrides skyrocketed to $259K in 2022. Overall, exports, however, continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 81% against the previous year.
| Export of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 33.4 | N/A | N/A | 178 | 74.7% |
| Tunisia | N/A | N/A | 32.1 | 79.2 | 146.7% |
| Spain | 137 | N/A | N/A | N/A | 0% |
| Kenya | 41.8 | 38.3 | N/A | N/A | -8.4% |
| Malaysia | 36.8 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 113 | N/A | 0% |
| South Africa | 32.5 | 42.5 | N/A | N/A | 30.8% |
| Others | N/A | N/A | 1.7 | 1.6 | -5.9% |
| Total | 281 | 80.8 | 146 | 259 | -2.7% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from Hong Kong SAR in 2022:
- Brazil (112.0 tons)
- Tunisia (36.0 tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hong Kong SAR
In 2022, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides into Hong Kong SAR soared to 5.1 tons, jumping by 411% against the previous year. In general, imports posted significant growth. 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; phthalic anhydrides soared to $8.2K in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Malaysia | 1.7 | 8.2 | 382.4% | ||
| Others | N/A | N/A | 0% | ||
| Total | 1.7 | 8.2 | 382.4% | ||
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to Hong Kong SAR in 2022:
- Malaysia (5.1 tons)
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