Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Philippines - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Philippines (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Philippines
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Philippines (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $89,472 per ton, remaining relatively unchanged against the previous year. In general, the import price posted a significant increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 6.5%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($159,200 per ton), while the price for Taiwan (Chinese) totaled $79,720 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+98.4%).
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Philippines
For the third year in a row, the Philippines recorded decline in purchases abroad of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses, which decreased by 0% to 163 kg in 2022. Over the period under review, imports faced a sharp reduction. The smallest decline of -82.8% was in 2020.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $15K in 2022. Overall, imports continue to indicate a dramatic decrease. The smallest decline of -91% was in 2020.
Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | N/A | N/A | N/A | 11.4 | 0% |
Singapore | N/A | N/A | N/A | 3.2 | 0% |
South Korea | 82.9 | 7.5 | N/A | N/A | -91.0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 82.9 | 7.5 | N/A | 14.6 | -43.9% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to the Philippines in 2022:
- Taiwan (Chinese) (143.0 kg)
- Singapore (20.0 kg)
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