Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United Arab Emirates - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United Arab Emirates (CIF) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United Arab Emirates (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United Arab Emirates
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United Arab Emirates
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $978 per ton, rising by 30% against the previous year. Overall, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44%. Over the period under review, average import prices reached the peak figure at $1,085 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Taiwan (Chinese) ($1,329 per ton), while the price for Pakistan ($152 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United Arab Emirates (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $1,367 per ton in 2022, rising by 125% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $1,539 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($1,455 per ton), while the average price for exports to Pakistan totaled $417 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United Arab Emirates
In 2022, approx. 4.2K tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were imported into the United Arab Emirates; shrinking by -53.2% compared with the year before. In general, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 136% against the previous year.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses declined sharply to $4.1M in 2022. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 239%.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,389 | 506 | 1,702 | 1,711 | 7.2% |
| Taiwan (Chinese) | 118 | 19.3 | 761 | 911 | 97.6% |
| India | 1,805 | 54.0 | 553 | 690 | -27.4% |
| South Korea | 197 | 50.0 | 133 | 473 | 33.9% |
| Spain | 23.8 | 20.8 | 55.7 | 227 | 112.1% |
| Thailand | 247 | 31.8 | 82.1 | 58.3 | -38.2% |
| Pakistan | 103 | 13.8 | 15.3 | 10.6 | -53.1% |
| Belgium | 2,666 | 895 | 2,497 | 0.1 | -96.7% |
| Indonesia | 852 | 256 | 639 | N/A | -13.4% |
| Others | 477 | 138 | 294 | 0.3 | -91.4% |
| Total | 7,878 | 1,985 | 6,732 | 4,080 | -19.7% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to the United Arab Emirates in 2022:
- China (1661.6 tons)
- South Korea (817.5 tons)
- Taiwan (Chinese) (685.7 tons)
- India (677.4 tons)
- Spain (195.7 tons)
- Pakistan (69.4 tons)
- Thailand (63.6 tons)
- Belgium (0.2 tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United Arab Emirates
In 2022, overseas shipments of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses decreased by -95.6% to 1.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 460%. As a result, the exports reached the peak of 32K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses reduced dramatically to $1.7M in 2022. In general, exports saw a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 265%. As a result, the exports reached the peak of $28M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 2.2 | 0.7 | 8.7 | 1.7 | -8.2% |
| India | 0.4 | 2.2 | 0.7 | N/A | 32.3% |
| Oman | 5.0 | 24.8 | 7.4 | N/A | 21.7% |
| Pakistan | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Others | N/A | 0.3 | 0.2 | N/A | -33.3% |
| Total | 7.7 | 28.1 | 17.1 | 1.7 | -39.6% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from the United Arab Emirates in 2022:
- Iran (1140.6 tons)
- Pakistan (105.5 tons)
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