Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in India - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in India (CIF) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in India (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in India
- Exports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in India
Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in India (CIF) - 2023
The average import price for acids; aromatic polycarboxylic acids; dimethyl terephthalates stood at $1,446 per ton in October 2023, dropping by -2.8% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 26% m-o-m. The import price peaked at $1,732 per ton in August 2023; however, from September 2023 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Turkey ($1,513 per ton), while the price for the United Arab Emirates totaled $1,379 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Canada (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in India (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; dimethyl terephthalates amounted to $3,833 per ton, rising by 51% against the previous year. In general, the export price showed temperate growth. The growth pace was the most rapid in 2018 when the average export price increased by 167%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($7,000 per ton), while the average price for exports to Thailand ($1,000 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+164.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in India
In 2022, approx. 2K tons of acids; aromatic polycarboxylic acids; dimethyl terephthalates were imported into India; remaining relatively unchanged against 2021. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of acids; aromatic polycarboxylic acids; dimethyl terephthalates surged to $2.8M in 2022. In general, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 178 | 609 | 1,148 | 1,143 | 85.9% |
| South Korea | 1,079 | 516 | 505 | 865 | -7.1% |
| Germany | 335 | 17.3 | 144 | 459 | 11.1% |
| United Arab Emirates | N/A | N/A | N/A | 190 | 0% |
| Japan | 85.5 | 28.5 | 60.7 | 69.6 | -6.6% |
| Canada | N/A | N/A | 25.0 | 57.5 | 130.0% |
| Others | N/A | 145 | 1.4 | 32.4 | -52.7% |
| Total | 1,678 | 1,317 | 1,884 | 2,817 | 18.8% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate to India in 2022:
- Turkey (849.0 tons)
- South Korea (558.0 tons)
- Germany (360.0 tons)
- United Arab Emirates (140.0 tons)
- Canada (65.6 tons)
- Japan (54.0 tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in India
In 2022, exports of acids; aromatic polycarboxylic acids; dimethyl terephthalates from India declined dramatically to 6 kg, dropping by -87% against the previous year's figure. Over the period under review, exports saw a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 411%.
In value terms, exports of acids; aromatic polycarboxylic acids; dimethyl terephthalates dropped dramatically to $23 in 2022. In general, exports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 457%.
| Export of Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate in India (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | N/A | 8.0 | 0% |
| Canada | N/A | N/A | N/A | 7.0 | 0% |
| Turkey | N/A | 1.0 | N/A | 7.0 | 164.6% |
| Thailand | N/A | N/A | N/A | 1.0 | 0% |
| Japan | 67.0 | N/A | N/A | N/A | 0% |
| Myanmar | 1,176 | 19.0 | 115 | N/A | -68.7% |
| Others | 24.0 | 1.0 | 2.0 | N/A | -71.1% |
| Total | 1,267 | 21.0 | 117 | 23.0 | -73.7% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Dimethyl Terephthalate from India in 2022:
- Taiwan (Chinese) (3.0 kg)
- Canada (1.0 kg)
- Turkey (1.0 kg)
- Thailand (1.0 kg)
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