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

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

In 2021, the Chilean market for phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach $X after three years of decline. Overall, consumption, however, saw a abrupt downturn. Phthalic anhydride and terephthalic acid consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, phthalic anhydride and terephthalic acid production expanded modestly to $X in 2021 estimated in export price. In general, production, however, showed a deep slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Chile

Phthalic anhydride and terephthalic acid exports from Chile surged to X tons in 2021, with an increase of 222% on the previous year. In general, exports, however, continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 494% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid exports soared to $X in 2021. Over the period under review, exports, however, showed a dramatic contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 463%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Chile, with a 69% share of total exports. Moreover, phthalic anhydride and terephthalic acid exports to the United States exceeded the volume sent to the second major destination, Venezuela (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (0.0% per year) and Argentina (-24.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Chile, comprising 69% of total exports. The second position in the ranking was held by Venezuela ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (0.0% per year) and Argentina (-26.5% 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, surging by 18% against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 52% against the previous year. 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 noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (-2.4%), while the prices for the other major destinations experienced a decline.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Chile

After two years of decline, purchases abroad of phthalic anhydride, terephthalic acid and its salts increased by 108% to X tons in 2021. In general, imports enjoyed mild growth. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid imports surged to $X in 2021. Overall, imports, however, saw a pronounced descent. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Russia (X tons) and Mexico (X tons) were the main suppliers of phthalic anhydride and terephthalic acid imports to Chile, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +162.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of phthalic anhydride, terephthalic acid and its salts to Chile, comprising 55% of total imports. The second position in the ranking was taken by Russia ($X), with a 25% share of total imports. It was followed by China, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea amounted to -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+169.4% per year) and China (+8.7% 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, growing by 37% against the previous year. In general, the import price, however, saw a noticeable reduction. Over the period under review, average import prices attained the peak figure 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 Brazil ($X per ton) and South Korea ($X per ton), while the price for Russia ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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