Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Netherlands - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Netherlands (FOB) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Netherlands (CIF) - 2023
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Netherlands
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Netherlands
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Netherlands (FOB) - 2023
In September 2023, the average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $974 per ton, increasing by 1.9% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 7.4% m-o-m. The export price peaked at $1,082 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In September 2023, the countries with the highest prices were Poland ($1,261 per ton) and the UK ($1,135 per ton), while the average price for exports to Lithuania ($959 per ton) and Germany ($989 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Netherlands (CIF) - 2023
In August 2023, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $966 per ton, shrinking by -1.5% against the previous month. Overall, the import price saw a mild setback. The most prominent rate of growth was recorded in March 2023 an increase of 7.4% m-o-m. Over the period under review, average import prices hit record highs at $1,183 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Poland ($1,034 per ton) and Belgium ($971 per ton), while the price for South Korea ($870 per ton) and Spain ($917 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (-0.7%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Netherlands
In 2022, approx. 104K tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were exported from the Netherlands; picking up by 26% against 2021 figures. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 121% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $113M in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 191%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.3 | 0.6 | 34.8 | 59.8 | 484.2% |
| Lithuania | N/A | N/A | N/A | 26.5 | 0% |
| Turkey | 13.9 | 15.5 | 11.7 | 10.2 | -9.8% |
| Poland | 0.1 | 0.1 | 0.3 | 8.6 | 341.4% |
| Germany | 1.4 | 0.8 | 3.9 | 3.6 | 37.0% |
| Belgium | 1.4 | 2.4 | 0.8 | 1.3 | -2.4% |
| Russia | 1.0 | 0.7 | 2.1 | N/A | 44.9% |
| India | 7.0 | N/A | N/A | N/A | 0% |
| Egypt | 10.6 | N/A | 4.0 | N/A | -38.6% |
| Others | 1.9 | 0.7 | 2.6 | 2.9 | 15.1% |
| Total | 37.5 | 20.8 | 60.3 | 113 | 44.4% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from the Netherlands in 2022:
- United Kingdom (54.3K tons)
- Lithuania (25.2K tons)
- Turkey (9.6K tons)
- Poland (8.2K tons)
- Germany (3.1K tons)
- Belgium (0.9K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Netherlands
In 2022, overseas purchases of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -3% to 38K 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 +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of 39K tons, and then reduced in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses soared to $41M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 54%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 25.3 | 17.4 | 22.5 | 31.2 | 7.2% |
| Poland | N/A | 0.5 | 1.0 | 2.7 | 132.4% |
| South Korea | N/A | N/A | 2.8 | 2.2 | -21.4% |
| Spain | 0.1 | 0.1 | 0.4 | 1.8 | 162.1% |
| Portugal | 0.1 | N/A | 1.0 | 1.7 | 157.1% |
| Germany | 2.6 | 2.6 | 0.1 | 0.1 | -66.2% |
| China | N/A | N/A | 2.4 | N/A | 0% |
| Others | 0.4 | 0.5 | 2.4 | 0.9 | 31.0% |
| Total | 28.4 | 21.1 | 32.6 | 40.6 | 12.7% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to the Netherlands in 2022:
- Belgium (29.0K tons)
- Poland (2.5K tons)
- South Korea (2.2K tons)
- Spain (1.9K tons)
- Portugal (1.5K tons)
- Germany (0.1K tons)
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