Report Update Nov 1, 2024

Hong Kong SAR, China - Phthalic Anhydride, Terephthalic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Hong Kong SAR, China

In 2021, the Hong Kong market for phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a abrupt downturn. Over the period under review, the market attained the peak level 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 Hong Kong SAR, China

In value terms, phthalic anhydride and terephthalic acid production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt setback. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Hong Kong SAR, China

For the seventh year in a row, Hong Kong SAR recorded growth in shipments abroad of phthalic anhydride, terephthalic acid and its salts, which increased by 6,567% to X tons in 2021. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, phthalic anhydride and terephthalic acid exports surged to $X in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,307% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Vietnam (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Hong Kong SAR, with a 98% share of total exports. It was followed by China (X tons), with a 1.4% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Vietnam was relatively modest.

In value terms, Vietnam ($X) emerged as the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Hong Kong SAR, comprising 92% of total exports. The second position in the ranking was taken by China ($X), with a 7.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Vietnam was relatively modest.

Export Prices by Country

In 2021, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, which is down by -82.1% against the previous year. In general, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 12%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.5%).

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Hong Kong SAR, China

In 2021, imports of phthalic anhydride, terephthalic acid and its salts into Hong Kong SAR soared to X tons, rising by 15,530% against the previous year's figure. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, phthalic anhydride and terephthalic acid imports skyrocketed to $X in 2021. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main phthalic anhydride and terephthalic acid supplier to Hong Kong SAR, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +62.7%.

In value terms, China ($X) constituted the largest supplier of phthalic anhydride, terephthalic acid and its salts to Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +77.9%.

Import Prices by Country

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2021, falling by -35.3% against the previous year. Over the period under review, the import price showed a noticeable setback. The pace of growth appeared the most rapid in 2020 an increase of 0.9%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +9.4% per year.

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. Pakistan, Turkey, Taiwan Chinese), Russia, Brazil, South Korea, Indonesia, Mexico, Vietnam and Oman lagged somewhat behind, together comprising a further 31%.

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

China constituted the country with the largest volume of phthalic anhydride and terephthalic acid production, 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. The third position in this ranking was occupied by India, with a 7.3% share.

What are the leading suppliers of phthalic anhydride, terephthalic acid and its salts to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of phthalic anhydride and terephthalic acid to Hong Kong SAR, comprising 83% of total imports. The second position in the ranking was occupied by Malaysia, with a 10% share of total imports.

What is the average export price for phthalic anhydride, terephthalic acid and its salts in Hong Kong SAR, China?

The average export price for phthalic anhydride, terephthalic acid and its salts stood at $522 per ton in 2021, with a decrease of -67.4% against the previous year.

What is the average import price for phthalic anhydride, terephthalic acid and its salts in Hong Kong SAR, China?

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $1,140 per ton in 2021, declining by -65.2% against the previous year.

This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in Hong Kong SAR, China. 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:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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
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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
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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