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Hong Kong SAR, China - Phthalic Anhydride, Terephthalic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Phthalic Anhydride and Terephthalic Acid in Hong Kong SAR - 2023
Contents:
- Price for Phthalic Anhydride and Terephthalic Acid in Hong Kong SAR (CIF) - 2022
- Price for Phthalic Anhydride and Terephthalic Acid in Hong Kong SAR (FOB) - 2022
- Imports of Phthalic Anhydride and Terephthalic Acid in Hong Kong SAR
- Exports of Phthalic Anhydride and Terephthalic Acid in Hong Kong SAR
Price for Phthalic Anhydride and Terephthalic Acid in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for phthalic anhydride, terephthalic acid and its salts amounted to $2,157 per ton, growing by 105% against the previous year. In general, the import price enjoyed a measured increase. Over the period under review, average import prices reached the maximum at $3,033 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
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 Malaysia ($4,571 per ton), while the price for the United States stood at $1,614 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.4%).
Price for Phthalic Anhydride and Terephthalic Acid in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $1,669 per ton, rising by 418% against the previous year. Overall, the export price, however, continues to indicate a mild slump. Over the period under review, the average export prices hit record highs at $3,033 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,693 per ton), while the average price for exports to China totaled $1,668 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.2%).
Imports of Phthalic Anhydride and Terephthalic Acid in Hong Kong SAR
Phthalic anhydride and terephthalic acid imports into Hong Kong SAR dropped notably to 9.8 tons in 2022, reducing by -98.4% on 2021 figures. Over the period under review, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 15,530% against the previous year. As a result, imports attained the peak of 625 tons, and then dropped rapidly in the following year.
In value terms, phthalic anhydride and terephthalic acid imports shrank sharply to $21K in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 10,007%. As a result, imports reached the peak of $658K, and then fell significantly in the following year.
Import of Phthalic Anhydride and Terephthalic Acid in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 8.9 | 6.5 | 8.1 | 12.9 | 13.2% |
Malaysia | N/A | N/A | N/A | 8.2 | 0% |
China | 1.4 | N/A | 647 | N/A | 2049.8% |
Others | N/A | N/A | 3.3 | N/A | 0% |
Total | 10.3 | 6.5 | 658 | 21.1 | 27.0% |
Top Suppliers of Phthalic Anhydride and Terephthalic Acid to Hong Kong SAR in 2022:
- United States (8.0 tons)
- Malaysia (1.8 tons)
Exports of Phthalic Anhydride and Terephthalic Acid in Hong Kong SAR
In 2022, overseas shipments of phthalic anhydride, terephthalic acid and its salts decreased by -95.4% to 24 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 6,567%. As a result, the exports reached the peak of 520 tons, and then shrank sharply in the following year.
In value terms, phthalic anhydride and terephthalic acid exports dropped significantly to $40K in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 1,092%. As a result, the exports attained the peak of $167K, and then plummeted in the following year.
Export of Phthalic Anhydride and Terephthalic Acid in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.3 | 12.5 | 12.2 | 38.5 | 74.1% |
India | N/A | N/A | N/A | 1.7 | 0% |
Vietnam | N/A | N/A | 154 | N/A | 0% |
Others | N/A | 1.5 | 1.5 | N/A | 0.0% |
Total | 7.3 | 14.0 | 167 | 40.2 | 76.6% |
Top Export Markets for Phthalic Anhydride and Terephthalic Acid from Hong Kong SAR in 2022:
- China (23.1 tons)
- India (1.0 tons)
This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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