Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Portugal - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Portugal (FOB) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Portugal (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Portugal
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Portugal
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Portugal (FOB) - 2023
In October 2023, the average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $787 per ton, which is down by -14.8% against the previous month. In general, the export price saw a slight decline. The pace of growth was the most pronounced in August 2023 when the average export price increased by 8.4% against the previous month. Over the period under review, the average export prices attained the maximum at $1,017 per ton in November 2022; however, from December 2022 to October 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In October 2023, the countries with the highest prices were Belgium ($844 per ton) and Germany ($792 per ton), while the average price for exports to Spain ($724 per ton) and Turkey ($754 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Portugal (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $1,205 per ton, jumping by 62% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 130%. As a result, import price attained the peak level of $2,011 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
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 Tunisia ($1,218 per ton), while the price for Belgium ($528 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.7%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Portugal
In 2022, approx. 513K tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were exported from Portugal; which is down by -8.1% against the year before. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports attained the peak of 559K tons, and then declined in the following year.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses skyrocketed to $535M in 2022. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 88% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 170 | 111 | 199 | 220 | 9.0% |
| Lithuania | 35.2 | 34.8 | 69.4 | 106 | 44.4% |
| Argentina | N/A | 15.7 | 14.9 | 47.2 | 73.4% |
| Spain | 9.2 | 5.1 | 48.9 | 37.6 | 59.9% |
| Germany | 0.9 | 14.2 | 30.1 | 30.2 | 222.5% |
| Belgium | 21.0 | 10.2 | 15.5 | 30.0 | 12.6% |
| Italy | 5.5 | 4.9 | 9.1 | 26.9 | 69.7% |
| Egypt | 17.6 | 7.5 | 2.3 | 7.8 | -23.8% |
| Mexico | 57.9 | N/A | N/A | N/A | 0% |
| Others | 32.4 | 18.4 | 28.8 | 28.7 | -4.0% |
| Total | 350 | 222 | 418 | 535 | 15.2% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Portugal in 2022:
- Turkey (225.9K tons)
- Lithuania (97.3K tons)
- Argentina (45.8K tons)
- Spain (33.1K tons)
- Belgium (27.2K tons)
- Germany (27.0K tons)
- Italy (23.2K tons)
- Egypt (8.1K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Portugal
In 2022, the amount of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses imported into Portugal surged to 4.3K tons, jumping by 55% against 2021 figures. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 67,089%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $5.2M in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 20,131%. 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 Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | N/A | 1.9 | 4.3 | 126.3% |
| Tunisia | N/A | N/A | N/A | 0.8 | 0% |
| Spain | N/A | 0.2 | 0.1 | N/A | -50.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | 0.2 | 2.1 | 5.2 | 409.9% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Portugal in 2022:
- Mexico (3.6K tons)
- Tunisia (0.7K tons)
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