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

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

In 2021, the Brazilian market for phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt descent. Phthalic anhydride and terephthalic acid consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, phthalic anhydride and terephthalic acid production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt descent. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Brazil

In 2021, after three years of growth, there was significant decline in overseas shipments of phthalic anhydride, terephthalic acid and its salts, when their volume decreased by -28.8% to X tons. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 356%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid exports soared to $X in 2021. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 239%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Brazil, accounting for a 88% share of total exports. Moreover, phthalic anhydride and terephthalic acid exports to Argentina exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was held by Colombia (X tons), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina stood at +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.1% per year) and Colombia (-14.3% per year).

In value terms, Argentina ($X) remains the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Brazil, comprising 84% of total exports. The second position in the ranking was held by the United States ($X), with a 7.3% share of total exports. It was followed by Colombia, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina amounted to +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.9% per year) and Colombia (-16.4% per year).

Export Prices by Country

In 2021, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, with an increase of 71% against the previous year. In general, the export price, however, saw a deep downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Colombia ($X per ton) and the United States ($X per ton), while the average price for exports to Argentina ($X per ton) and the Dominican Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-2.5%), while the prices for the other major destinations experienced a decline.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Brazil

In 2021, the amount of phthalic anhydride, terephthalic acid and its salts imported into Brazil reduced to X tons, dropping by -7.8% against the previous year. Over the period under review, imports faced a deep slump. The growth pace was the most rapid in 2020 with an increase of 108%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, phthalic anhydride and terephthalic acid imports expanded sharply to $X in 2021. In general, imports recorded a dramatic curtailment. The growth pace was the most rapid in 2020 when imports increased by 40%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Mexico (X tons) constituted the largest supplier of phthalic anhydride and terephthalic acid to Brazil, with a 86% share of total imports. Moreover, phthalic anhydride and terephthalic acid imports from Mexico exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico totaled -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-21.3% per year) and the United States (-20.4% per year).

In value terms, Mexico ($X) constituted the largest supplier of phthalic anhydride, terephthalic acid and its salts to Brazil, comprising 81% of total imports. The second position in the ranking was taken by South Korea ($X), with a 7.4% share of total imports. It was followed by Russia, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico amounted to -20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-22.9% per year) and Russia (+56.3% 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, increasing by 15% against the previous year. In general, the import price, however, saw a abrupt setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Russia ($X per ton), while the price for Mexico ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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