Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United States - 2024
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United States (CIF) - 2024
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United States (FOB) - 2024
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United States
- Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United States
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United States (CIF) - 2024
The average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $935 per ton in September 2023, rising by 1.6% against the previous month. Over the period under review, the import price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in June 2023 an increase of 24% month-to-month. As a result, import price reached the peak level of $1,387 per ton. From July 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Austria ($1,543 per ton), while the price for Mexico ($550 per ton) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.7%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United States (FOB) - 2024
In September 2023, the average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,617 per ton, which is down by -13% against the previous month. Over the last six-month period, it increased at an average monthly rate of +3.6%. The pace of growth was the most pronounced in August 2023 an increase of 32% month-to-month. As a result, the export price attained the peak level of $1,859 per ton, and then dropped in the following month.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Canada ($1,908 per ton), while the average price for exports to Mexico stood at $1,233 per ton.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United States
In 2022, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides into the United States surged to 55K tons, rising by 69% compared with the year before. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, 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; phthalic anhydrides soared to $54M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, 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.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 13.2 | 7.5 | 11.2 | 14.7 | 3.7% |
| Italy | 15.1 | 11.6 | 7.1 | 12.3 | -6.6% |
| South Korea | 4.3 | 6.9 | 5.3 | 10.8 | 35.9% |
| Austria | N/A | 0.7 | 3.2 | 8.1 | 240.2% |
| Israel | 7.5 | 6.6 | 2.8 | 3.9 | -19.6% |
| Taiwan (Chinese) | N/A | N/A | N/A | 1.2 | 0% |
| Brazil | 1.1 | 0.1 | 1.6 | 1.0 | -3.1% |
| Russia | 1.1 | 1.2 | 1.3 | 0.1 | -55.0% |
| Others | 0.5 | 0.1 | 0.7 | 1.6 | 47.4% |
| Total | 42.7 | 34.8 | 33.3 | 53.8 | 8.0% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to the United States in 2022:
- Mexico (22.1K tons)
- Italy (10.4K tons)
- South Korea (8.5K tons)
- Austria (6.5K tons)
- Israel (3.9K tons)
- Brazil (0.9K tons)
- Taiwan (Chinese) (0.9K tons)
- Russia (0.2K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United States
In 2022, exports of acids; aromatic polycarboxylic acids; phthalic anhydrides from the United States surged to 10K tons, increasing by 46% on the previous year's figure. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 64% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of acids; aromatic polycarboxylic acids; phthalic anhydrides surged to $16M in 2022. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.7 | 4.5 | 7.3 | 10.6 | 16.5% |
| Mexico | 0.1 | 0.1 | N/A | 4.6 | 258.3% |
| Others | N/A | N/A | 0.9 | 0.7 | -22.2% |
| Total | 6.9 | 4.7 | 8.1 | 15.9 | 32.1% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from the United States in 2022:
- Canada (6.3K tons)
- Mexico (3.6K tons)
337
This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in the U.S..
495
This report provides an in-depth analysis of the polycarboxylic acid market in the U.S..
72
This report provides an in-depth analysis of the market for oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts in the U.S..
519
This report provides an in-depth analysis of the maleic anhydride market in the U.S..
359
This report provides an in-depth analysis of the orthophthalic acid esters market in the USA.
496
This report provides an in-depth analysis of the market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in the U.S..
553
This report provides an in-depth analysis of the adipic acid market in the U.S..
561
This report provides an in-depth analysis of the global market for phthalic anhydride and terephthalic acid.
1157
This report provides an in-depth analysis of the global polycarboxylic acid market.
117
This report provides an in-depth analysis of the global market for oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts.
388
In value terms, polycarboxylic acid imports reduced to $147M in April 2023.
206
Maleic Anhydride exports saw a significant increase in January 2023, with a month-to-month growth rate of 83%. By December 2023, the value of these exports had risen to $5.3M.
690
As of June 2023, the price of Maleic Anhydride was $1,174 per ton (FOB, US), indicating a decline of -6.5% compared to the previous month.
214
During the review period, Adipic Acid exports peaked at 269K tons in 2013. However, from 2014 to 2023, exports remained slightly lower. In terms of value, Adipic Acid exports decreased to $245M in 2023.
592
In April 2023, the adipic acid price stood at $2,283 per ton (FOB, US), increasing by 5.4% against the previous month.
215
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid and their key statistics. Discover the countries with the highest import values for these chemical compounds. Learn how Turkey, India, and Vietnam dominate the market.
230
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid, including Turkey, India, Vietnam, and more. Discover key statistics and market values.
195
Global demand for polycarboxylic acids is projected to increase over the next seven years, with market volume expected to reach 32M tons by 2030. Market performance is forecasted to expand with an anticipated CAGR of +1.8% from 2023 to 2030, reaching a market value of $42.3B by the end of 2030. Key consuming countries include the United States, China, and India, with Belgium showing the highest rates of growth in consumption.
254
Explore the top import markets for Polycarboxylic Acid in 2023, including Turkey, India, the United States, and more. Learn about the key statistics and trends driving the global demand for this essential chemical compound.
874
The global polycarboxylic acid market revenue amounted to $42.8B in 2018, rising by 3.5% against the previous year....
