Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in India - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in India (CIF) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in India (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in India
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in India
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in India (CIF) - 2023
In October 2023, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $854 per ton, with an increase of 2% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 9.2% month-to-month. The import price peaked in October 2023.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the highest price was recorded for prices from South Korea ($872 per ton) and Indonesia ($867 per ton), while the price for China ($802 per ton) and Thailand ($848 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by South Korea (+17.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in India (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $2,118 per ton in 2022, surging by 190% against the previous year. Overall, the export price saw a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,244 per ton), while the average price for exports to Mexico ($902 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 Lithuania (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in India
In 2022, approx. 1.7M tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were imported into India; picking up by 19% against the previous year. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 249% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses soared to $1.5B in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 387% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.0 | 11.7 | 416 | 858 | 199.3% |
| Taiwan (Chinese) | 144 | 39.3 | 256 | 321 | 30.6% |
| Thailand | 126 | 53.5 | 257 | 311 | 35.1% |
| South Korea | 262 | 45.3 | 42.3 | N/A | -59.8% |
| Belgium | 60.4 | 42.9 | N/A | N/A | -29.0% |
| Others | 32.1 | 15.6 | 42.8 | 5.0 | -46.2% |
| Total | 656 | 208 | 1,013 | 1,494 | 31.6% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to India in 2022:
- China (942.1K tons)
- Taiwan (Chinese) (362.4K tons)
- Thailand (342.2K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in India
In 2022, overseas shipments of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -93% to 4.7K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2020 with an increase of 3.6% against the previous year. As a result, the exports attained the peak of 137K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses dropped remarkably to $10M in 2022. In general, exports continue to indicate a dramatic curtailment. The smallest decline of -23.1% was in 2021.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 3.5 | 6.8 | 7.7 | 48.3% |
| United Arab Emirates | 11.4 | 0.6 | 2.3 | 1.1 | -54.1% |
| Saudi Arabia | 1.3 | 2.2 | 5.6 | 0.7 | -18.6% |
| Egypt | N/A | 0.1 | 0.2 | 0.5 | 123.6% |
| Mexico | N/A | N/A | 0.1 | 0.1 | 0.0% |
| China | N/A | 9.4 | N/A | N/A | 0% |
| Malaysia | 6.3 | 1.4 | 3.5 | N/A | -25.5% |
| South Africa | 22.0 | 14.2 | 0.3 | N/A | -88.3% |
| Indonesia | 10.3 | N/A | N/A | N/A | 0% |
| Oman | N/A | 14.0 | 1.5 | N/A | -89.3% |
| Pakistan | 18.7 | N/A | N/A | N/A | 0% |
| Turkey | 28.6 | 18.6 | 18.4 | N/A | -19.8% |
| Others | 1.4 | N/A | 10.7 | N/A | 176.5% |
| Total | 100 | 64.1 | 49.3 | 10.0 | -53.6% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from India in 2022:
- United States (2360.9 tons)
- United Arab Emirates (1106.1 tons)
- Saudi Arabia (720.0 tons)
- Egypt (456.0 tons)
- Mexico (96.0 tons)
- China (0.1 tons)
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