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

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

The Austrian market for phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.2% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

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

In value terms, phthalic anhydride and terephthalic acid production surged to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -23.4% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 64%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Austria

In 2021, approx. X tons of phthalic anhydride, terephthalic acid and its salts were exported from Austria; with an increase of 6.8% on the previous year's figure. In general, exports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 7.9%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, phthalic anhydride and terephthalic acid exports skyrocketed to $X in 2021. Overall, exports, however, recorded a noticeable decline. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Austria, with a 34% share of total exports. Moreover, phthalic anhydride and terephthalic acid exports to Italy exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 9.9% share.

From 2014 to 2021, the average annual rate of growth in terms of volume to Italy stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+0.0% per year) and Germany (-14.4% per year).

In value terms, Italy ($X) remains the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Austria, comprising 33% of total exports. The second position in the ranking was taken by Poland ($X), with a 14% share of total exports. It was followed by Germany, with a 10% share.

From 2014 to 2021, the average annual growth rate of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-1.7% per year) and Germany (-15.7% per year).

Export Prices by Country

The average export price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2021, growing by 25% against the previous year. Over the period under review, the export price, however, saw a pronounced curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Sweden ($X per ton), while the average price for exports to Romania ($X per ton) and Slovenia ($X per ton) were amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Austria

In 2021, the amount of phthalic anhydride, terephthalic acid and its salts imported into Austria surged to X tons, rising by 26% against 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a noticeable descent. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest phthalic anhydride and terephthalic acid supplier to Austria, with a 47% share of total imports. Moreover, phthalic anhydride and terephthalic acid imports from Poland exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-9.0% per year) and Germany (+8.3% per year).

In value terms, Poland ($X) constituted the largest supplier of phthalic anhydride, terephthalic acid and its salts to Austria, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Poland stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.2% per year) and Belgium (-13.7% per year).

Import Prices by Country

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2021, picking up by 30% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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