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

Contents:

1. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Singapore (CIF) - 2023
2. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Singapore (FOB) - 2022
3. Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Singapore
4. Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Singapore

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

In September 2022, the average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $3,555 per ton, increasing by 8.8% against the previous month. Over the period under review, import price indicated buoyant growth from June 2022 to September 2022: its price increased at an average monthly rate of +10.2% over the last three months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses decreased by -28.5% against July 2022 indices. The pace of growth was the most pronounced in July 2022 when the average import price increased by 87% against the previous month. As a result, import price attained the peak level of $4,970 per ton. From August 2022 to September 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($25,133 per ton), while the price for China ($2,197 per ton) was amongst the lowest.

From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by the United States (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Singapore (FOB) - 2022

In 2022, the average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $3,653 per ton, falling by -15.9% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses increased by +57.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47%. As a result, the export price attained the peak level of $4,343 per ton, and then fell significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($7,262 per ton), while the average price for exports to Myanmar ($1,219 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 Sri Lanka (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses decreased by -25.4% to 856 tons, falling for the second year in a row after two years of growth. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of 1.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses contracted rapidly to $2.3M in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of $3.5M, and then reduced rapidly in the following year.

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

1. India (587.0 tons)
2. China (89.0 tons)
3. United States (50.3 tons)
4. Italy (32.9 tons)
5. Taiwan (Chinese) (31.9 tons)
6. Japan (31.2 tons)
7. South Korea (16.0 tons)

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

In 2022, shipments abroad of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses decreased by -58.1% to 58 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 24%. As a result, the exports reached the peak of 150 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses fell dramatically to $210K in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 58%.

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

1. China (17.0 tons)
2. Bangladesh (11.8 tons)
3. Benin (6.4 tons)
4. Indonesia (5.6 tons)
5. Sri Lanka (5.6 tons)
6. Myanmar (4.8 tons)
7. Australia (3.1 tons)

Source: IndexBox Market Intelligence Platform