Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Iran - 2022

Contents:

  1. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Iran (CIF) - 2022
  2. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Iran (FOB) - 2022
  3. Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Iran
  4. Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Iran

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Iran (CIF) - 2022

The average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $2,469 per ton in 2022, jumping by 15% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 58%. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($3,818 per ton), while the price for South Korea ($2,295 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Iran (FOB) - 2022

The average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $2,350 per ton in 2022, jumping by 48% against the previous year. In general, the export price saw a mild expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($4,603 per ton), while the average price for exports to the United Arab Emirates ($1,549 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 Syrian Arab Republic (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Iran

In 2022, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses into Iran declined remarkably to 17 tons, dropping by -89.7% against the previous year's figure. Over the period under review, imports continue to indicate a significant contraction. The smallest decline of -26.9% was in 2020.

In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses reduced rapidly to $43K in 2022. Overall, imports continue to indicate a dramatic descent. The smallest decline of -33% was in 2021.

Import of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea56738924728.7-63.0%
Taiwan (Chinese)16811268.57.7-64.2%
United Arab Emirates14.713.918.43.8-36.3%
Turkey61.95.215.61.4-71.7%
India31.717.79.10.9-69.5%
Others5.33.63.70.6-51.6%
Total84954136343.0-63.0%

Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to Iran in 2022:

  1. South Korea (12.5 tons)
  2. Taiwan (Chinese) (2.5 tons)
  3. United Arab Emirates (1.6 tons)
  4. Turkey (0.4 tons)
  5. India (0.4 tons)

Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Iran

In 2022, overseas shipments of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses decreased by -45.2% to 6 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 297%. As a result, the exports attained the peak of 16 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; other esters of orthophthalic acidses fell markedly to $14K in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 306%. As a result, the exports reached the peak of $21K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey4.112.52.211.741.8%
Armenia0.83.80.52.342.2%
Syrian Arab RepublicN/A4.26.0N/A42.9%
AfghanistanN/AN/A8.6N/A0%
Others0.20.2N/A0.1-20.6%
Total5.120.717.414.140.4%

Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids from Iran in 2022:

  1. Turkey (5.4 tons)
  2. Armenia (0.5 tons)

Source: IndexBox Market Intelligence Platform

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