Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Pakistan - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Pakistan (CIF) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Pakistan (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Pakistan
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Pakistan
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Pakistan (CIF) - 2023
The average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $901 per ton in June 2023, increasing by 4.3% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 63% against the previous month. As a result, import price attained the peak level of $1,360 per ton. From May 2023 to June 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Thailand ($902 per ton), while the price for China totaled $899 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Pakistan (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $593 per ton, dropping by -23% against the previous year. Overall, the export price saw a perceptible descent. The pace of growth appeared the most rapid in 2020 an increase of 79%. The export price peaked at $1,078 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($651 per ton), while the average price for exports to the United Arab Emirates amounted to $514 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Pakistan
In 2022, approx. 227K tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were imported into Pakistan; picking up by 188% on 2021. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 299%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses skyrocketed to $240M in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 170%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 102 | 49.3 | 99.6 | 129 | 8.1% |
| China | 1.4 | 0.8 | 37.0 | 106 | 323.1% |
| South Korea | 4.5 | 0.2 | 2.2 | 4.4 | -0.7% |
| Others | 1.7 | 1.7 | 2.0 | 0.1 | -61.1% |
| Total | 110 | 52.1 | 141 | 240 | 29.7% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Pakistan in 2022:
- Thailand (112.5K tons)
- China (110.9K tons)
- South Korea (4.0K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Pakistan
In 2022, approx. 1.6K tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were exported from Pakistan; waning by -70.5% on the year before. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 764%. As a result, the exports attained the peak of 5.4K tons, and then dropped notably in the following year.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses contracted sharply to $940K in 2022. In general, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,123% against the previous year. As a result, the exports reached the peak of $4.1M, and then contracted remarkably in the following year.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 525 | 338 | 4,096 | 596 | 4.3% |
| United Arab Emirates | N/A | N/A | N/A | 344 | 0% |
| China | 42.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 38.4 | N/A | 0% |
| Total | 567 | 338 | 4,134 | 940 | 18.4% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Pakistan in 2022:
- Turkey (916.2 tons)
- United Arab Emirates (668.0 tons)
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