Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Hong Kong SAR - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Hong Kong SAR (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Hong Kong SAR (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Hong Kong SAR
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Hong Kong SAR
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Hong Kong SAR (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $1,756 per ton in 2022, increasing by 445% against the previous year. In general, the export price enjoyed a buoyant expansion. Over the period under review, the average export prices attained the peak figure at $3,033 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for China amounted to +6.3% per year.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $1,614 per ton, with an increase of 53% against the previous year. In general, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 78% against the previous year. The import price peaked at $1,811 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +17.9% per year.
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas shipments of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses, when their volume decreased by -95.8% to 22 tons. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 6,567% against the previous year. As a result, the exports attained the peak of 520 tons, and then declined remarkably in the following year.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses reduced dramatically to $38K in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,092% against the previous year. As a result, the exports attained the peak of $167K, and then fell rapidly in the following year.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.3 | 12.5 | 12.2 | 38.5 | 74.1% |
| Vietnam | N/A | N/A | 154 | N/A | 0% |
| Others | N/A | 1.5 | 1.5 | N/A | 0.0% |
| Total | 7.3 | 14.0 | 167 | 38.5 | 74.1% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Hong Kong SAR in 2022:
- China (21.9 tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Hong Kong SAR
In 2022, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses into Hong Kong SAR shrank dramatically to 8 tons, with a decrease of -98.7% on 2021. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 15,505%. As a result, imports reached the peak of 624 tons, and then shrank sharply in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses declined rapidly to $13K in 2022. Overall, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 9,981% against the previous year. As a result, imports reached the peak of $657K, and then shrank dramatically in the following year.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.9 | 6.5 | 8.1 | 12.9 | 13.2% |
| China | 1.4 | N/A | 645 | N/A | 2046.4% |
| Others | N/A | N/A | 3.3 | N/A | 0% |
| Total | 10.3 | 6.5 | 657 | 12.9 | 7.8% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Hong Kong SAR in 2022:
- United States (8.0 tons)
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