Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Germany - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Germany (CIF) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Germany (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Germany
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Germany
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Germany (CIF) - 2023
In October 2023, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $1,012 per ton, picking up by 4.9% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 6.4% m-o-m. Over the period under review, average import prices hit record highs at $1,074 per ton in January 2023; however, from February 2023 to October 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From October 2022 to October 2023, the rate of growth in terms of prices for South Korea amounted to +2.8% per month.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Germany (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $797 per ton in 2022, waning by -42.3% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The growth pace was the most rapid in 2020 an increase of 25%. The export price peaked at $1,380 per ton in 2021, and then shrank remarkably in the following year.
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 Netherlands ($3,208 per ton), while the average price for exports to Lithuania ($710 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 the Netherlands (+9.8%), 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 Germany
In 2022, approx. 523K tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were imported into Germany; dropping by -9% compared with 2021. In general, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 5.9% against the previous year. As a result, imports attained the peak of 575K tons, and then contracted in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses soared to $512M in 2022. Overall, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +4.2% 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 +59.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 228 | 178 | 227 | 272 | 6.1% |
| Belgium | 204 | 118 | 146 | 200 | -0.7% |
| Portugal | 0.4 | 13.4 | 32.0 | 28.6 | 315.1% |
| Spain | 18.1 | 4.4 | 6.0 | 3.5 | -42.2% |
| Others | 2.5 | 7.0 | 9.8 | 7.9 | 46.7% |
| Total | 452 | 320 | 421 | 512 | 4.2% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Germany in 2022:
- Poland (291.5K tons)
- Belgium (195.6K tons)
- Portugal (25.7K tons)
- Spain (3.3K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Germany
Exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses from Germany skyrocketed to 2.2K tons in 2022, growing by 500% against 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 767% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $1.8M in 2022. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 779%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | N/A | N/A | 1,428 | 0% |
| Belgium | 0.4 | 1.0 | 2.2 | 171 | 653.3% |
| France | 1.2 | 1.3 | 1.8 | 116 | 358.9% |
| Others | 73.3 | 56.6 | 513 | 76.0 | 1.2% |
| Total | 74.9 | 58.9 | 517 | 1,791 | 188.1% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Germany in 2022:
- Lithuania (2011.1 tons)
- Belgium (128.9 tons)
- France (80.3 tons)
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