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

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

In 2021, the East European market for phthalic anhydride, terephthalic acid and its salts increased by 5.7% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Eastern Europe

In value terms, phthalic anhydride and terephthalic acid production expanded slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 8.4% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports in Eastern Europe

In 2021, the amount of phthalic anhydride, terephthalic acid and its salts exported in Eastern Europe dropped to X tons, remaining constant against the year before. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 378%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, phthalic anhydride and terephthalic acid exports surged to $X in 2021. Over the period under review, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 when exports increased by 263%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Poland was the main exporter of phthalic anhydride, terephthalic acid and its salts in Eastern Europe, with the volume of exports accounting for X tons, which was near 72% of total exports in 2021. Russia (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (9.5%). Bulgaria (X tons) took a relatively small share of total exports.

Poland experienced a relatively flat trend pattern with regard to volume of exports of phthalic anhydride, terephthalic acid and its salts. At the same time, Belarus (+11.3%) and Russia (+2.2%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +11.3% from 2012-2021. By contrast, Bulgaria (-1.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belarus and Russia increased by +5.7 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest phthalic anhydride and terephthalic acid supplier in Eastern Europe, comprising 64% of total exports. The second position in the ranking was taken by Russia ($X), with a 19% share of total exports. It was followed by Belarus, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland amounted to -5.3%. In the other countries, the average annual rates were as follows: Russia (-0.3% per year) and Belarus (+8.2% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, rising by 35% against the previous year. Overall, the export price, however, saw a pronounced decline. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Belarus ($X per ton) and Russia ($X per ton), while Poland ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-2.4%), while the other leaders experienced a decline in the export price figures.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports in Eastern Europe

In 2021, approx. X tons of phthalic anhydride, terephthalic acid and its salts were imported in Eastern Europe; with an increase of 6.4% compared with the previous year's figure. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 19% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, phthalic anhydride and terephthalic acid imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Lithuania was the major importing country with an import of around X tons, which reached 54% of total imports. It was distantly followed by Russia (X tons), Poland (X tons) and Belarus (X tons), together creating a 45% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Russia ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 92% share of total imports.

Poland, with a CAGR of +7.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, jumping by 28% against the previous year. Overall, the import price, however, showed a deep slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Poland ($X per ton) and Belarus ($X per ton), while Lithuania ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-5.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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