Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Japan - 2024
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Japan (FOB) - 2024
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Japan (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Japan
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Japan
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Japan (FOB) - 2024
In July 2023, the average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $975 per ton, which is down by -5.2% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 11% month-to-month. The export price peaked at $1,108 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In July 2023, the countries with the highest prices were Malaysia ($1,027 per ton) and Thailand ($999 per ton), while the average price for exports to Mexico ($878 per ton) and the Philippines ($948 per ton) were amongst the lowest.
From February 2023 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Japan (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $1,278 per ton in 2022, with a decrease of -18.4% against the previous year. In general, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 113% against the previous year. Over the period under review, average import prices attained the maximum at $1,667 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -1.0% per year.
Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Japan
In 2022, overseas shipments of acids; aromatic polycarboxylic acids; phthalic anhydrides decreased by -1.2% to 40K tons, falling for the second consecutive year after two years of growth. Overall, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 3.6% against the previous year. As a result, the exports reached the peak of 46K 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; phthalic anhydrides soared to $42M in 2022. The total export value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 20.6 | 14.8 | 21.5 | 22.6 | 3.1% |
| Malaysia | 4.8 | 4.4 | 7.1 | 7.3 | 15.0% |
| India | 0.2 | 1.3 | 1.3 | 4.5 | 182.3% |
| China | 6.6 | 4.3 | N/A | 3.3 | -20.6% |
| Thailand | 1.9 | 2.2 | 3.6 | 2.7 | 12.4% |
| Philippines | 1.4 | 1.1 | 0.9 | 0.9 | -13.7% |
| Vietnam | 1.1 | 0.8 | 0.3 | 0.9 | -6.5% |
| Others | N/A | 0.1 | 0.2 | N/A | 100.0% |
| Total | 36.6 | 29.0 | 34.9 | 42.1 | 4.8% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from Japan in 2022:
- Indonesia (21.0K tons)
- Malaysia (6.8K tons)
- India (4.0K tons)
- China (3.5K tons)
- Thailand (2.6K tons)
- Vietnam (0.9K tons)
- Philippines (0.8K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Japan
In 2022, approx. 37 tons of acids; aromatic polycarboxylic acids; phthalic anhydrides were imported into Japan; rising by 158% compared with 2021 figures. Over the period under review, imports, however, recorded a deep setback.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides skyrocketed to $47K in 2022. Overall, imports, however, saw a deep reduction.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 44.7 | 49.0 | 13.1 | 47.4 | 2.0% |
| South Korea | 13.3 | 38.7 | N/A | N/A | 191.0% |
| Others | N/A | 12.6 | 10.3 | N/A | -18.3% |
| Total | 57.9 | 100 | 23.5 | 47.4 | -6.5% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to Japan in 2022:
- Taiwan (Chinese) (37.1 tons)
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