Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hungary - 2024

Contents:

1. Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hungary (CIF) - 2022
2. Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hungary (FOB) - 2023
3. Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hungary
4. Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hungary

Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hungary (CIF) - 2022

In 2022, the average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,725 per ton, growing by 55% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $2,029 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($7,381 per ton), while the price for Austria stood at $1,599 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+0.5%).

Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hungary (FOB) - 2023

In August 2023, the average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,690 per ton, increasing by 2.3% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average export price increased by 3.6% month-to-month. As a result, the export price attained the peak level of $1,803 per ton. From June 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Romania.

From March 2023 to August 2023, the rate of growth in terms of prices for Romania amounted to -0.3% per month.

Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hungary

Imports of acids; aromatic polycarboxylic acids; phthalic anhydrides into Hungary contracted to 608 tons in 2022, waning by -6.4% compared with 2021. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. As a result, imports attained the peak of 650 tons, and then shrank in the following year.

In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides skyrocketed to $1M in 2022. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to Hungary in 2022:

1. Austria (595.4 tons)
2. Japan (12.8 tons)

Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Hungary

Exports of acids; aromatic polycarboxylic acids; phthalic anhydrides from Hungary fell to 594 tons in 2022, with a decrease of -7.4% on the year before. The total export volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 35% against the previous year. As a result, the exports attained the peak of 641 tons, and then dropped in the following year.

In value terms, exports of acids; aromatic polycarboxylic acids; phthalic anhydrides soared to $992K in 2022. Overall, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 67%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from Hungary in 2022:

1. Romania (593.8 tons)

Source: IndexBox Market Intelligence Platform