Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Iran - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Iran (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Iran (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Iran
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Iran
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Iran (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $1,289 per ton in 2022, jumping by 34% against the previous year. Over the period under review, the export price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. The export price peaked at $1,578 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,733 per ton), while the average price for exports to Azerbaijan ($842 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 Russia (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Iran (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $1,987 per ton in 2022, waning by -25.4% against the previous year. In general, the import price, however, saw a tangible increase. The most prominent rate of growth was recorded in 2020 an increase of 74%. Over the period under review, average import prices hit record highs at $2,664 per ton in 2021, and then declined sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($10,000 per ton), while the price for India ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.7%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Iran
In 2022, overseas shipments of acids; aromatic polycarboxylic acids; phthalic anhydrides decreased by -34.4% to 14K tons, falling for the second consecutive year after two years of growth. In general, exports showed a deep slump. The growth pace was the most rapid in 2020 with an increase of 86% against the previous year. As a result, the exports reached the peak of 30K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of acids; aromatic polycarboxylic acids; phthalic anhydrides reduced to $17M in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 43%. As a result, the exports attained the peak of $20M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
Export of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Iran (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 3.9 | 13.3 | 6.7 | 6.5 | 18.6% |
Turkey | 1.2 | 1.7 | 2.1 | 3.1 | 37.2% |
Russia | 0.4 | 0.3 | 1.5 | 1.5 | 55.4% |
Uzbekistan | 0.8 | 1.2 | 2.3 | 1.4 | 20.5% |
United Arab Emirates | 1.5 | 0.7 | 3.8 | 1.3 | -4.7% |
Ukraine | 0.3 | 0.7 | 1.0 | 1.1 | 54.2% |
Pakistan | 0.4 | 0.3 | 0.2 | 0.8 | 26.0% |
Azerbaijan | 1.4 | 0.6 | 0.7 | 0.4 | -34.1% |
Others | 4.3 | 1.4 | 1.6 | 1.2 | -34.7% |
Total | 14.2 | 20.2 | 19.9 | 17.2 | 6.6% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from Iran in 2022:
- India (5.5K tons)
- Turkey (2.2K tons)
- Russia (1.2K tons)
- Uzbekistan (0.9K tons)
- Ukraine (0.9K tons)
- United Arab Emirates (0.7K tons)
- Pakistan (0.6K tons)
- Azerbaijan (0.5K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Iran
For the third consecutive year, Iran recorded decline in purchases abroad of acids; aromatic polycarboxylic acids; phthalic anhydrides, which decreased by -99.8% to 80 kg in 2022. Overall, imports continue to indicate a dramatic descent. The smallest decline of -24.5% was in 2021.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides fell significantly to $156 in 2022. Over the period under review, imports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 3.5% against the previous year.
Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Iran (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 42.9 | 52.3 | 45.8 | 0.1 | -86.7% |
Russia | 42.8 | 60.5 | 72.3 | 0.1 | -86.7% |
South Korea | 10.1 | 11.7 | 11.3 | N/A | 5.8% |
Armenia | 4.6 | 7.2 | 9.6 | N/A | 44.5% |
China | 25.1 | N/A | N/A | N/A | 0% |
Others | 6.5 | 5.0 | 2.2 | N/A | -41.8% |
Total | 132 | 137 | 141 | 0.2 | -88.5% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to Iran in 2022:
- Russia (56.0 kg)
- Armenia (9.0 kg)
- United Arab Emirates (6.0 kg)
- South Korea (6.0 kg)
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