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

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

After two years of decline, the German market for phthalic anhydride, terephthalic acid and its salts increased by 22% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. Phthalic anhydride and terephthalic acid consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

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

In value terms, phthalic anhydride and terephthalic acid production rose to $X in 2021 estimated in export price. In general, production recorded a abrupt slump. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Germany

After two years of growth, overseas shipments of phthalic anhydride, terephthalic acid and its salts decreased by -11.1% to X tons in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid exports rose markedly to $X in 2021. In general, exports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2014 when exports increased by 93%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Germany, accounting for a 61% share of total exports. Moreover, phthalic anhydride and terephthalic acid exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+11.2% per year) and Spain (+23.4% per year).

In value terms, the Netherlands ($X) remains the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Germany, comprising 61% of total exports. The second position in the ranking was taken by Italy ($X), with a 17% share of total exports. It was followed by Spain, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+8.0% per year) and Spain (+18.3% 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, growing by 22% against the previous year. Over the period under review, the export price, however, saw a mild shrinkage. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and Spain ($X per ton), while the average price for exports to Belgium ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+257.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Germany

In 2021, supplies from abroad of phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure 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 soared to $X in 2021. Over the period under review, imports, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 31%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Belgium (X tons) and Portugal (X tons) were the main suppliers of phthalic anhydride and terephthalic acid imports to Germany, together accounting for 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +19.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Belgium ($X) and Portugal ($X) appeared to be the largest phthalic anhydride and terephthalic acid suppliers to Germany, with a combined 94% share of total imports.

In terms of the main suppliers, Portugal, with a CAGR of +13.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2021, jumping by 20% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+17.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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