Report Update Nov 1, 2024

Cuba - Phthalic Anhydride, Terephthalic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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

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

In 2021, the Cuban market for phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach $X after three years of decline. In general, consumption recorded a relatively flat trend pattern. Phthalic anhydride and terephthalic acid consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Cuba

In 2016, approx. X tons of phthalic anhydride, terephthalic acid and its salts were exported from Cuba; remaining relatively unchanged against the previous year's figure. Overall, exports showed a significant contraction. The smallest decline of 99.9% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid exports amounted to $X in 2016. In general, exports showed a dramatic slump. The smallest decline of 99.9% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to Egypt was relatively modest.

From 2012 to 2016, the average annual growth rate of value to Egypt was relatively modest.

Export Prices by Country

In 2016, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, leveling off at the previous year. Overall, the export price continues to indicate a significant contraction. The pace of growth was the most pronounced in 2013 a decrease of 99.9%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2016, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2012 to 2016, the rate of growth in terms of prices for Egypt amounted to 0.0% per year.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Cuba

In 2021, purchases abroad of phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach X tons after three years of decline. In general, imports, however, continue to indicate a abrupt decline. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid imports surged to $X in 2021. Over the period under review, imports, however, showed a abrupt decline. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of phthalic anhydride and terephthalic acid imports to Cuba, together accounting for 65% of total imports. South Korea lagged somewhat behind, accounting for a further 12%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, Spain ($X) constituted the largest supplier of phthalic anhydride, terephthalic acid and its salts to Cuba, comprising 33% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled -13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.8% per year) and Italy (-5.5% 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, shrinking by -3.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phthalic anhydride, terephthalic acid and its salts in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, with a combined 39% share of global consumption. These countries were followed by Pakistan, Turkey, Taiwan Chinese), Russia, Brazil, South Korea, Indonesia, Mexico, Vietnam and Oman, which together accounted for a further 31%.

What are the largest producers of phthalic anhydride, terephthalic acid and its salts in the world?

The country with the largest volume of phthalic anhydride and terephthalic acid production was China, comprising approx. 22% of total volume. Moreover, phthalic anhydride and terephthalic acid production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of phthalic anhydride, terephthalic acid and its salts to Cuba?

In value terms, Spain constituted the largest supplier of phthalic anhydride and terephthalic acid to Cuba, comprising 55% of total imports. The second position in the ranking was occupied by China, with a 27% share of total imports.

What is the average export price for phthalic anhydride, terephthalic acid and its salts in Cuba?

In 2016, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $494 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for phthalic anhydride, terephthalic acid and its salts in Cuba?

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $2,297 per ton in 2021, approximately reflecting the previous year.

This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023