Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Argentina - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Argentina (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Argentina
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Argentina (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $1,108 per ton in 2022, jumping by 44% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $1,179 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($1,212 per ton), while the price for the United States ($755 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Argentina
For the fourth year in a row, Argentina recorded growth in purchases abroad of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses, which increased by 12% to 164K tons in 2022. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $182M in 2022. In general, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 2.6 | 16.3 | 33.9 | 92.1 | 228.4% |
| Mexico | 59.4 | 25.6 | 22.9 | 62.4 | 1.7% |
| China | 12.5 | 2.6 | 3.0 | 15.3 | 7.0% |
| Brazil | 10.9 | 18.3 | 17.5 | 6.2 | -17.1% |
| South Korea | 4.2 | 3.7 | 1.0 | 4.8 | 4.6% |
| United States | 12.0 | 8.8 | 28.7 | 1.1 | -54.9% |
| Others | 5.7 | 0.9 | 6.5 | N/A | 6.8% |
| Total | 107 | 76.1 | 113 | 182 | 19.4% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Argentina in 2022:
- Portugal (83.8K tons)
- Mexico (53.2K tons)
- China (15.5K tons)
- Brazil (6.4K tons)
- South Korea (4.0K tons)
- United States (1.4K tons)
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