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

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in the Czech Republic

The Czech market for phthalic anhydride, terephthalic acid and its salts dropped to $X in 2021, approximately reflecting the previous year. In general, consumption recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of 4.2%. Phthalic anhydride and terephthalic acid consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in the Czech Republic

In value terms, phthalic anhydride and terephthalic acid production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable contraction. The growth pace was the most rapid in 2013 when the production volume increased by 4.7%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from the Czech Republic

In 2021, exports of phthalic anhydride, terephthalic acid and its salts from the Czech Republic surged to X tons, jumping by 17% on 2020 figures. In general, exports, however, showed a significant contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 10,810%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, phthalic anhydride and terephthalic acid exports expanded notably to $X in 2021. Overall, exports, however, saw a precipitous setback. The most prominent rate of growth was recorded in 2016 when exports increased by 8,977%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia amounted to -35.3%.

In value terms, Slovakia ($X) also remains the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from the Czech Republic.

From 2012 to 2021, the average annual growth rate of value to Slovakia stood at -38.2%.

Export Prices by Country

In 2021, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, reducing by -9.6% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +9.6% per year.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into the Czech Republic

After two years of decline, overseas purchases of phthalic anhydride, terephthalic acid and its salts increased by 47% to X tons in 2021. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 2,481%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid imports skyrocketed to $X in 2021. In general, imports recorded a tangible increase. The most prominent rate of growth was recorded in 2016 with an increase of 2,595%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Russia (X tons) and Poland (X tons) were the main suppliers of phthalic anhydride and terephthalic acid imports to the Czech Republic, with a combined 92% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +69.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Russia ($X) and Poland ($X) constituted the largest phthalic anhydride and terephthalic acid suppliers to the Czech Republic, with a combined 92% share of total imports. These countries were followed by Belarus, Spain and Germany, which together accounted for a further 7.9%.

In terms of the main suppliers, Spain, with a CAGR of +63.9%, 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 more modest paces of growth.

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 26% against the previous year. Overall, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2013 an increase of 66%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average 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 Germany ($X per ton) and Belgium ($X per ton), while the price for Russia ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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