Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Malaysia - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Malaysia (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Malaysia (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Malaysia
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Malaysia
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Malaysia (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $873 per ton, with an increase of 8.2% against the previous year. In general, the export price, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of 35%. The export price peaked at $1,067 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($1,041 per ton), while the average price for exports to China ($344 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Malaysia (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $867 per ton in 2022, picking up by 23% against the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 32% against the previous year. The import price peaked at $1,202 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($891 per ton), while the price for Taiwan (Chinese) ($846 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Malaysia
In 2022, shipments abroad of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -21.9% to 79K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports attained the peak of 101K tons, and then plummeted in the following year.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses shrank remarkably to $69M in 2022. Over the period under review, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 55%. As a result, the exports attained the peak of $82M, and then dropped notably in the following year.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 45.0 | 21.7 | 17.8 | 44.1 | -0.7% |
| Vietnam | N/A | 6.5 | 2.7 | 12.4 | 38.1% |
| Saudi Arabia | N/A | N/A | 6.0 | 10.2 | 70.0% |
| India | 12.1 | 11.1 | 10.0 | 2.0 | -45.1% |
| China | 1.5 | 3.3 | N/A | 0.4 | -35.6% |
| Oman | N/A | 3.1 | 40.7 | N/A | 1212.9% |
| Pakistan | 5.8 | 6.3 | 3.2 | N/A | -25.7% |
| Others | 0.1 | 0.4 | 1.2 | N/A | 246.4% |
| Total | 64.5 | 52.5 | 81.7 | 69.0 | 2.3% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Malaysia in 2022:
- Turkey (50.8K tons)
- Vietnam (15.0K tons)
- Saudi Arabia (9.8K tons)
- India (2.4K tons)
- China (1.1K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Malaysia
In 2022, the amount of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses imported into Malaysia soared to 67K tons, jumping by 28% against the year before. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 52% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses skyrocketed to $58M in 2022. In general, imports showed a mild expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 100% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 17.6 | 6.5 | 15.7 | 29.2 | 18.4% |
| Taiwan (Chinese) | 10.0 | 0.7 | 5.2 | 19.4 | 24.7% |
| South Korea | 23.4 | 9.7 | 12.3 | 9.7 | -25.4% |
| India | 3.7 | 0.6 | 3.6 | N/A | -1.4% |
| Others | 0.7 | 1.1 | 0.3 | 0.1 | -47.7% |
| Total | 55.3 | 18.5 | 37.0 | 58.4 | 1.8% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Malaysia in 2022:
- Thailand (33.4K tons)
- Taiwan (Chinese) (23.0K tons)
- South Korea (10.9K tons)
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