Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the UK - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the UK (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the UK (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the UK
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the UK
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the UK (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $776 per ton, declining by -70.9% against the previous year. In general, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 22%. Over the period under review, the average export prices reached the peak figure at $8,788 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($1,487 per ton), while the average price for exports to India ($723 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 France (+47.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the UK (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $1,001 per ton, jumping by 41% against the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. Over the period under review, average import prices hit record highs at $1,230 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +41.2% per year.
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the UK
In 2022, after three years of growth, there was significant decline in shipments abroad of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses, when their volume decreased by -48.3% to 77 tons. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 694% against the previous year. As a result, the exports attained the peak of 148 tons, and then reduced dramatically in the following year.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses dropped sharply to $60K in 2022. In general, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 614%. As a result, the exports attained the peak of $396K, and then shrank rapidly in the following year.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.0 | 1.4 | 19.1 | 42.5 | 142.0% |
| India | N/A | N/A | N/A | 14.8 | 0% |
| Italy | 3.0 | 18.9 | 2.5 | 2.2 | -9.8% |
| Sweden | 17.3 | 11.6 | N/A | N/A | -32.9% |
| Portugal | N/A | N/A | 361 | N/A | 0% |
| Others | 18.0 | 23.6 | 13.4 | N/A | -13.7% |
| Total | 41.2 | 55.5 | 396 | 59.5 | 13.0% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from the UK in 2022:
- Belgium (54.8 tons)
- India (20.4 tons)
- Italy (1.5 tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the UK
Imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses into the UK declined to 253K tons in 2022, waning by -5.5% compared with the previous year's figure. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 364% against the previous year. As a result, imports attained the peak of 268K tons, and then contracted in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $253M in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 407%. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 190 | 253 | 33.2% |
| Belgium | 95.3 | 32.0 | N/A | N/A | -66.4% |
| Others | 5.0 | 5.4 | N/A | N/A | 8.0% |
| Total | 100 | 37.4 | 190 | 253 | 36.3% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to the UK in 2022:
- United Arab Emirates (252.8K tons)
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