Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in New Zealand - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in New Zealand (CIF) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in New Zealand (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in New Zealand
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in New Zealand
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in New Zealand (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $42,500 per ton in 2022, picking up by 2,954% against the previous year. In general, the import price saw a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($53,500 per ton), while the price for the United States ($31,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+46.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in New Zealand (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $1,174 per ton, remaining stable against the previous year. Overall, the export price recorded a slight decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 9.6%. The export price peaked at $1,366 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -1.5% per year.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in New Zealand
For the third year in a row, New Zealand recorded decline in overseas purchases of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses, which decreased by -98.5% to 4 kg in 2022. Over the period under review, imports continue to indicate a significant contraction. The smallest decline of -0.3% was in 2020.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses dropped rapidly to $170 in 2022. Overall, imports continue to indicate a dramatic curtailment. The smallest decline of -9% was in 2020.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in New Zealand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 1.0 | 1.0 | 107 | 374.7% |
| India | 1.0 | 2.0 | 1.0 | 32.0 | 217.5% |
| United States | 1.0 | 1.0 | 1.0 | 31.0 | 214.1% |
| South Korea | 450 | 406 | 154 | N/A | -41.5% |
| Others | 619 | 565 | 209 | N/A | -41.9% |
| Total | 1,072 | 975 | 366 | 170 | -45.9% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to New Zealand in 2022:
- China (2.0 kg)
- United States (1.0 kg)
- India (1.0 kg)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in New Zealand
For the fourth year in a row, New Zealand recorded growth in overseas shipments of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses, which increased by 20% to 19 tons in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses skyrocketed to $22K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 20%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 12.9 | 15.5 | 18.6 | 22.3 | 20.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.9 | 15.5 | 18.6 | 22.3 | 20.0% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from New Zealand in 2022:
- Australia (19.0 tons)
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