Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Italy - 2023

Contents:

1. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Italy (FOB) - 2023
2. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Italy (CIF) - 2023
3. Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Italy
4. Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Italy

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Italy (FOB) - 2023

The average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $3,364 per ton in September 2023, which is down by -2.1% against the previous month. Over the period under review, the export price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in April 2023 an increase of 2.1% against the previous month. Over the period under review, the average export prices reached the maximum at $4,075 per ton in December 2022; however, from January 2023 to September 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In September 2023, the highest price was recorded for prices to Brazil ($3,965 per ton) and Morocco ($3,745 per ton), while the average price for exports to Hong Kong SAR ($3,114 per ton) and China ($3,205 per ton) were amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Italy (CIF) - 2023

The average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $1,790 per ton in September 2023, dropping by -20.2% against the previous month. Over the period under review, the import price recorded a mild curtailment. The most prominent rate of growth was recorded in April 2023 an increase of 70% m-o-m. As a result, import price attained the peak level of $3,546 per ton. From May 2023 to September 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From December 2022 to September 2023, the rate of growth in terms of prices for Germany amounted to +7.7% per month.

Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Italy

Exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses from Italy reduced rapidly to 11K tons in 2022, which is down by -20.6% compared with the year before. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 5.7% against the previous year.

In value terms, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses expanded modestly to $39M in 2022. The total export value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids from Italy in 2022:

1. Germany (2147.1 tons)
2. United Kingdom (1221.9 tons)
3. France (881.7 tons)
4. Portugal (838.4 tons)
5. Romania (686.4 tons)
6. Morocco (676.5 tons)
7. Tunisia (603.0 tons)
8. Poland (487.8 tons)
9. Switzerland (442.3 tons)
10. Belgium (411.2 tons)
11. Austria (367.3 tons)
12. China (321.7 tons)
13. Brazil (291.6 tons)

Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Italy

In 2022, approx. 3.6K tons of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses were imported into Italy; picking up by 10% against the previous year. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.6% 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 +71.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses soared to $8M in 2022. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to Italy in 2022:

1. India (1568.7 tons)
2. Netherlands (1116.4 tons)
3. Germany (532.9 tons)
4. Spain (241.3 tons)
5. China (100.3 tons)
6. United States (20.8 tons)

Source: IndexBox Market Intelligence Platform