Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Vietnam - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Vietnam (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Vietnam
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Vietnam (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $1,406 per ton in 2022, growing by 52% against the previous year. Overall, the import price, however, recorded a slight contraction. Over the period under review, average import prices attained the peak figure at $1,604 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($1,406 per ton) and Taiwan (Chinese) ($1,406 per ton), while the price for China ($1,406 per ton) and South Korea ($1,406 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.0%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Vietnam
In 2022, after three years of growth, there was significant decline in overseas purchases of acids; aromatic polycarboxylic acids; phthalic anhydrides, when their volume decreased by -28.1% to 33K tons. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. As a result, imports attained the peak of 45K tons, and then shrank dramatically in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides reached $46M in 2022. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 87%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 10.4 | 17.8 | 32.1 | 35.1 | 50.0% |
Taiwan (Chinese) | 2.9 | 2.4 | 8.6 | 7.2 | 35.4% |
China | 3.2 | 1.1 | 0.9 | 1.9 | -16.0% |
Japan | 1.1 | 1.1 | 0.3 | 1.0 | -3.1% |
Others | N/A | 0.1 | N/A | 0.6 | 144.9% |
Total | 17.6 | 22.4 | 41.9 | 45.8 | 37.5% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to Vietnam in 2022:
- South Korea (25.0K tons)
- Taiwan (Chinese) (5.1K tons)
- China (1.3K tons)
- Japan (0.7K tons)
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