Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Switzerland - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Switzerland (CIF) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Switzerland (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Switzerland
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Switzerland
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Switzerland (CIF) - 2023
In December 2023, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $984 per ton, approximately mirroring the previous month. Over the period under review, the import price, however, recorded a slight slump. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 15% against the previous month. Over the period under review, average import prices reached the peak figure at $1,194 per ton in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Belgium.
From December 2022 to December 2023, the rate of growth in terms of prices for Poland amounted to -1.2% per month.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Switzerland (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $1,002 per ton in 2022, increasing by 28% against the previous year. In general, the export price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 52% against the previous year. The export price peaked at $1,432 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,340 per ton), while the average price for exports to France ($573 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 South Korea (+51.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Switzerland
In 2022, overseas purchases of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -4.8% to 17K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of 18K tons, and then declined slightly in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $19M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 75%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 6.1 | 6.4 | 1.2 | 8.8 | 13.0% |
| Belgium | 4.2 | 2.8 | 5.1 | 8.7 | 27.5% |
| Taiwan (Chinese) | 0.2 | N/A | 6.4 | 1.1 | 76.5% |
| Spain | 1.2 | 0.4 | 1.2 | 0.1 | -56.3% |
| Others | 0.7 | 0.5 | 3.6 | 0.1 | -47.7% |
| Total | 12.4 | 10.0 | 17.5 | 18.7 | 14.7% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Switzerland in 2022:
- Poland (8.1K tons)
- Belgium (7.8K tons)
- Taiwan (Chinese) (0.8K tons)
- Spain (0.1K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Switzerland
In 2022, overseas shipments of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -56.6% to 2.4 tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,534% against the previous year. As a result, the exports attained the peak of 17 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses reduced dramatically to $2.4K in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 977% against the previous year. As a result, the exports reached the peak of $8.9K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.2 | 6.0 | 2.4 | 1.7 | 104.1% |
| Germany | 0.6 | 0.9 | 0.8 | 0.4 | -12.6% |
| France | N/A | N/A | N/A | 0.3 | 0% |
| South Korea | N/A | 2.0 | 1.2 | N/A | -40.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.8 | 8.9 | 4.4 | 2.4 | 44.2% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Switzerland in 2022:
- United States (1581.0 kg)
- France (560.0 kg)
- Germany (303.0 kg)
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