Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United Arab Emirates - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United Arab Emirates (CIF) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United Arab Emirates (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United Arab Emirates
- Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United Arab Emirates
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,757 per ton, picking up by 76% against the previous year. In general, the import price posted a modest increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,009 per ton), while the price for China ($1,106 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,232 per ton, jumping by 16% against the previous year. Over the period under review, the export price, however, saw a noticeable setback. The pace of growth was the most pronounced in 2021 an increase of 42% against the previous year. The export price peaked at $1,626 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +6.2% per year.
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United Arab Emirates
In 2022, approx. 19K tons of acids; aromatic polycarboxylic acids; phthalic anhydrides were imported into the United Arab Emirates; dropping by -42.8% against the previous year. Overall, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports reached the peak of 33K tons, and then shrank markedly in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides contracted to $31M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.2% 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 +66.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of $33M, and then dropped in the following year.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3.3 | 3.4 | 5.5 | 10.8 | 48.5% |
| India | 10.1 | 7.6 | 13.5 | 9.6 | -1.7% |
| South Korea | 9.3 | 6.8 | 9.6 | 7.6 | -6.5% |
| China | 0.8 | 0.6 | 1.9 | 3.4 | 62.0% |
| Iran | 0.8 | 0.4 | 2.5 | N/A | 76.8% |
| Others | 0.4 | N/A | 0.4 | N/A | 0.0% |
| Total | 24.8 | 18.8 | 33.5 | 31.4 | 8.2% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to the United Arab Emirates in 2022:
- Taiwan (Chinese) (7.1K tons)
- India (4.8K tons)
- South Korea (4.2K tons)
- China (3.0K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United Arab Emirates
In 2022, overseas shipments of acids; aromatic polycarboxylic acids; phthalic anhydrides decreased by -54.1% to 2.8K tons, falling for the second year in a row after two years of growth. In general, exports faced a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 40% against the previous year. As a result, the exports reached the peak of 6.8K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of acids; aromatic polycarboxylic acids; phthalic anhydrides declined remarkably to $3.4M in 2022. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. As a result, the exports reached the peak of $6.4M, and then fell dramatically in the following year.
| Export of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.9 | 4.7 | 6.1 | 3.4 | -4.5% |
| Brazil | 0.4 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.4 | 0.3 | N/A | -25.0% |
| Total | 4.3 | 5.1 | 6.4 | 3.4 | -7.5% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from the United Arab Emirates in 2022:
- India (2.8K tons)
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