Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Bangladesh - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Bangladesh (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Bangladesh
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Bangladesh (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,843 per ton, picking up by 96% against the previous year. In general, the import price posted a modest increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Taiwan (Chinese) ($1,661 per ton), while the price for South Korea ($895 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Bangladesh
In 2022, purchases abroad of acids; aromatic polycarboxylic acids; phthalic anhydrides decreased by -19.7% to 8.4K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 14%. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides dropped slightly to $9.4M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, imports attained the peak of $9.9M, and then shrank in the following year.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.8 | 2.5 | 3.3 | 4.7 | 7.3% |
| Taiwan (Chinese) | 2.3 | 4.1 | 4.9 | 3.7 | 17.2% |
| China | 1.1 | 0.5 | 0.7 | 0.7 | -14.0% |
| India | 0.8 | 0.6 | 0.5 | 0.2 | -37.0% |
| Indonesia | 0.4 | 0.2 | 0.5 | N/A | 11.8% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 8.5 | 7.9 | 9.9 | 9.4 | 3.4% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to Bangladesh in 2022:
- South Korea (5.3K tons)
- Taiwan (Chinese) (2.2K tons)
- China (0.7K tons)
- India (0.2K tons)
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