Germany: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Germany

After two years of growth, the German market for phthalic anhydride, terephthalic acid and its salts decreased by X% to $X in 2023. Over the period under review, consumption saw a perceptible decrease. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Germany

In value terms, phthalic anhydride and terephthalic acid production shrank slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Phthalic anhydride and terephthalic acid production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Germany

In 2023, shipments abroad of phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid exports skyrocketed to $X in 2023. Overall, total exports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), Spain (X tons) and Poland (X tons) were the main destinations of phthalic anhydride and terephthalic acid exports from Germany, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for phthalic anhydride and terephthalic acid exported from Germany were Italy ($X), Spain ($X) and the Netherlands ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, standing approx. at the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, phthalic anhydride and terephthalic acid export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Germany

In 2023, phthalic anhydride and terephthalic acid imports into Germany contracted markedly to X tons, declining by X% on the previous year's figure. In general, imports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid imports dropped rapidly to $X in 2023. Over the period under review, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Poland (X tons), Belgium (X tons) and South Korea (X tons) were the main suppliers of phthalic anhydride and terephthalic acid imports to Germany, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest phthalic anhydride and terephthalic acid suppliers to Germany were Poland ($X), Belgium ($X) and South Korea ($X), together comprising X% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price showed a pronounced descent. The pace of growth appeared the most rapid in 2022 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform