Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Lithuania - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Lithuania (CIF) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Lithuania (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Lithuania
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Lithuania
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Lithuania (CIF) - 2023
The average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $951 per ton in October 2023, with an increase of 3.1% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 10% month-to-month. The import price peaked at $1,064 per ton in November 2022; however, from December 2022 to October 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Spain ($928 per ton), while the price for the Netherlands amounted to $921 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+0.4%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Lithuania (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $1,150 per ton, surging by 35% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 174%. The export price peaked at $1,334 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($1,207 per ton), while the average price for exports to Belarus ($993 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+39.7%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Lithuania
In 2022, approx. 591K tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were imported into Lithuania; growing by 3.8% compared with 2021 figures. The total import volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $603M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 +91.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 118 | 77.4 | 109 | 127 | 2.5% |
| Portugal | 32.5 | 38.4 | 64.2 | 104 | 47.4% |
| Poland | 2.8 | 6.6 | 15.5 | 41.2 | 145.0% |
| Belgium | 8.5 | 27.8 | 57.3 | 10.1 | 5.9% |
| Others | 297 | 165 | 173 | 321 | 2.6% |
| Total | 458 | 315 | 419 | 603 | 9.6% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Lithuania in 2022:
- Netherlands (115.0K tons)
- Portugal (97.0K tons)
- Poland (37.2K tons)
- Belgium (11.4K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Lithuania
Exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses from Lithuania rose sharply to 7.4K tons in 2022, picking up by 8.2% compared with the year before. Overall, exports, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when exports increased by 233% against the previous year.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $8.5M in 2022. In general, exports saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 296% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 0.1 | 4.2 | 4100.0% |
| Poland | N/A | N/A | N/A | 2.8 | 0% |
| Belarus | 2.9 | 1.4 | 5.7 | 1.6 | -18.0% |
| Spain | 1.6 | N/A | N/A | N/A | 0% |
| Turkey | 1.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.9 | 1.5 | 5.8 | 8.5 | 12.9% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Lithuania in 2022:
- Italy (3.5K tons)
- Poland (2.3K tons)
- Belarus (1.6K tons)
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