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

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

The Europe market for phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption recorded a abrupt slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, phthalic anhydride and terephthalic acid production expanded significantly to $X in 2021 estimated in export price. In general, production showed a deep downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16%. Over the period under review, production reached the maximum level 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 in Europe

Phthalic anhydride and terephthalic acid exports surged to X tons in 2021, rising by 22% on the previous year. Over the period under review, exports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2018 with an increase of 139%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid exports soared to $X in 2021. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 159% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Belgium (X tons), distantly followed by Portugal (X tons) and Poland (X tons) represented the key exporters of phthalic anhydride, terephthalic acid and its salts, together constituting 82% of total exports. The following exporters - the Netherlands (X tons), Russia (X tons), Spain (X tons) and Belarus (X tons) - together made up 13% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Spain (with a CAGR of +49.2%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Portugal ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2021, together comprising 80% of total exports. These countries were followed by Russia, the Netherlands, Belarus and Spain, which together accounted for a further 13%.

Spain, with a CAGR of +39.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, growing by 19% against the previous year. Overall, the export price, however, showed a perceptible setback. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-2.0%), while the other leaders experienced a decline in the export price figures.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports in Europe

In 2021, approx. X tons of phthalic anhydride, terephthalic acid and its salts were imported in Europe; with an increase of 8.5% on the previous year. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 8.7% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid imports soared to $X in 2021. Overall, imports, however, saw a mild decline. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) and Lithuania (X tons) represented the main importers of phthalic anhydride, terephthalic acid and its salts in Europe, together accounting for approx. 46% of total imports. Spain (X tons) ranks next in terms of the total imports with a 12% share, followed by Russia (12%) and Italy (9.9%). The Netherlands (X tons), Poland (X tons), Greece (X tons), France (X tons) and Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +44.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest phthalic anhydride and terephthalic acid importing markets in Europe were Germany ($X), Lithuania ($X) and Russia ($X), together comprising 55% of total imports. Spain, Italy, the Netherlands, Poland, Greece, France and Belarus lagged somewhat behind, together accounting for a further 39%.

Spain, with a CAGR of +32.5%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, with an increase of 25% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The level of import 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 importing countries. In 2021, major importing countries recorded the following prices: in the Netherlands ($X per ton) and Poland ($X per ton), while Spain ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-4.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform