Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Australia - 2024
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Australia (CIF) - 2024
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Australia (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Australia
- Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Australia
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Australia (CIF) - 2024
In September 2023, the average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,062 per ton, dropping by -2.6% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 8.5% against the previous month. Over the period under review, average import prices attained the maximum at $1,277 per ton in May 2023; however, from June 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($1,182 per ton), while the price for Taiwan (Chinese) ($1,052 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by China (-0.4%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Australia (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $2,773 per ton in 2022, falling by -42.3% against the previous year. Over the period under review, the export price showed a mild decrease. The pace of growth was the most pronounced in 2013 an increase of 4,548%. As a result, the export price reached the peak level of $142,000 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for New Zealand.
From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to -1.0% per year.
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Australia
In 2022, purchases abroad of acids; aromatic polycarboxylic acids; phthalic anhydrides decreased by -6.2% to 6K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 13%. As a result, imports reached the peak of 6.5K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides expanded remarkably to $8.3M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2.0 | 3.5 | 6.3 | 5.7 | 41.8% |
| South Korea | 3.0 | 1.2 | 0.9 | 2.4 | -7.2% |
| China | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 5.5 | 4.9 | 7.3 | 8.3 | 14.7% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to Australia in 2022:
- Taiwan (Chinese) (4.1K tons)
- South Korea (1.7K tons)
- China (0.1K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Australia
In 2022, the amount of acids; aromatic polycarboxylic acids; phthalic anhydrides exported from Australia surged to 9.6 tons, jumping by 19,134% on the year before. In general, exports continue to indicate significant growth. 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; phthalic anhydrides surged to $27K in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 0.1 | 0.6 | 0.2 | 26.7 | 543.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.1 | 0.6 | 0.2 | 26.7 | 543.9% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from Australia in 2022:
- New Zealand (9.6 tons)
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