Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Singapore - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Singapore (CIF) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Singapore (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Singapore
- Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Singapore
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Singapore (CIF) - 2023
In September 2022, the average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,454 per ton, falling by -9.5% against the previous month. Overall, the import price continues to indicate a pronounced decline. The growth pace was the most rapid in July 2022 when the average import price increased by 12% month-to-month. As a result, import price reached the peak level of $1,893 per ton. From August 2022 to September 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From June 2022 to September 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to 0.0% per month.
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Singapore (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $1,200 per ton in 2022, increasing by 22% against the previous year. In general, the export price, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 151% against the previous year. The export price peaked at $4,078 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($1,249 per ton), while the average price for exports to India ($651 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 Bangladesh (+57.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Singapore
In 2022, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides into Singapore shrank notably to 6.1K tons, reducing by -17.7% compared with the year before. In general, imports continue to indicate a abrupt shrinkage. The smallest decline of -7.6% was in 2020.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $7.1M in 2022. Over the period under review, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.1 | 3.9 | 4.4 | 4.7 | 14.9% |
| Taiwan (Chinese) | 3.4 | 1.8 | 1.6 | 1.4 | -25.6% |
| China | 1.7 | 0.2 | 0.8 | 0.8 | -22.2% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 8.3 | 6.0 | 7.0 | 7.1 | -5.1% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to Singapore in 2022:
- South Korea (3.9K tons)
- Taiwan (Chinese) (1.2K tons)
- China (0.9K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Singapore
Exports of acids; aromatic polycarboxylic acids; phthalic anhydrides from Singapore skyrocketed to 204 tons in 2022, rising by 183% compared with 2021. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 4,093%. As a result, the exports reached the peak of 322 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 skyrocketed to $243K in 2022. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 2,641% against the previous year. As a result, the exports attained the peak of $400K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.2 | 237 | N/A | 225 | 940.0% |
| India | N/A | N/A | 14.1 | 13.4 | -5.0% |
| Malaysia | 0.1 | 4.3 | 56.5 | 4.1 | 244.8% |
| United States | N/A | 120 | N/A | N/A | 0% |
| Bangladesh | 13.9 | 38.3 | N/A | N/A | 175.5% |
| Others | 0.4 | 0.4 | 0.3 | 0.1 | -37.0% |
| Total | 14.6 | 400 | 71.0 | 243 | 155.3% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from Singapore in 2022:
- Indonesia (180.0 tons)
- India (20.6 tons)
- Malaysia (3.5 tons)
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