Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in South Africa - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in South Africa (CIF) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in South Africa (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in South Africa
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in South Africa
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in South Africa (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $872 per ton, growing by 31% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. Over the period under review, average import prices hit record highs at $1,138 per ton in 2012; however, from 2013 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 the United States ($1,217 per ton), while the price for India ($481 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.6%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in South Africa (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $1,467 per ton, declining by -12% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses increased by +58.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 51%. As a result, the export price attained the peak level of $1,667 per ton, and then dropped in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($2,525 per ton), while the average price for exports to Namibia amounted to $1,178 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+18.2%).
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in South Africa
In 2022, approx. 157K tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were imported into South Africa; falling by -9.3% compared with the year before. Overall, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 15%. As a result, imports reached the peak of 173K tons, and then fell in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses soared to $137M in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 63.9 | 12.9 | 74.4 | 83.8 | 9.5% |
| Thailand | 51.1 | 37.0 | 33.0 | 45.4 | -3.9% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 7.5 | 321.7% |
| South Korea | 3.4 | 8.9 | 2.3 | N/A | -17.8% |
| India | 12.1 | 13.8 | 1.4 | N/A | -66.0% |
| Others | 5.3 | 4.3 | 3.6 | N/A | -17.6% |
| Total | 136 | 76.9 | 115 | 137 | 0.2% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to South Africa in 2022:
- China (96.0K tons)
- Thailand (52.8K tons)
- Taiwan (Chinese) (8.0K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in South Africa
In 2022, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses from South Africa reduced to 824 kg, with a decrease of -5.9% on 2021. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 447% against the previous year. As a result, the exports attained the peak of 876 kg, and then dropped in the following year.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses fell dramatically to $1.2K in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 725% against the previous year. As a result, the exports attained the peak of $1.5K, and then reduced remarkably in the following year.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in South Africa (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 117 | 177 | 159 | 762 | 86.7% |
| Botswana | N/A | N/A | N/A | 447 | 0% |
| Mozambique | 62.0 | N/A | N/A | N/A | 0% |
| Zimbabwe | N/A | N/A | 1,301 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 179 | 177 | 1,460 | 1,209 | 89.0% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from South Africa in 2022:
- Namibia (647.0 kg)
- Botswana (177.0 kg)
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