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

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

In 2021, after three years of decline, there was significant growth in the MERCOSUR market for phthalic anhydride, terephthalic acid and its salts, when its value increased by 17% to $X. Overall, consumption, however, saw a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, phthalic anhydride and terephthalic acid production surged to $X in 2021 estimated in export price. In general, production, however, showed a abrupt decline. The level of production peaked 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 MERCOSUR

In 2021, after three years of growth, there was significant decline in overseas shipments of phthalic anhydride, terephthalic acid and its salts, when their volume decreased by -27.1% to X tons. In general, exports recorded a mild downturn. The pace of growth was the most pronounced in 2013 when exports increased by 306%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 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 saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 203% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil dominates exports structure, accounting for X tons, which was near 96% of total exports in 2021. Argentina (X tons) took a minor share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of phthalic anhydride, terephthalic acid and its salts. Argentina (-2.1%) illustrated a downward trend over the same period. Brazil (+8.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest phthalic anhydride and terephthalic acid supplier in MERCOSUR, comprising 97% of total exports. The second position in the ranking was taken by Argentina ($X), with a 0.3% share of total exports.

In Brazil, phthalic anhydride and terephthalic acid exports decreased by an average annual rate of -6.1% over the period from 2012-2021.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, surging by 69% against the previous year. In general, the export price, however, continues to indicate a deep setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-5.9%).

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports in MERCOSUR

In 2021, purchases abroad of phthalic anhydride, terephthalic acid and its salts increased by 6% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 28%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid imports surged to $X in 2021. Overall, imports, however, saw a abrupt setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Argentina (X tons) and Brazil (X tons) dominates imports structure, together achieving 90% of total imports. It was distantly followed by Colombia (X tons), comprising a 5% share of total imports. The following importers - Chile (X tons) and Peru (X tons) - each resulted at a 3.6% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Colombia (with a CAGR of +16.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest phthalic anhydride and terephthalic acid importing markets in MERCOSUR were Argentina ($X), Brazil ($X) and Colombia ($X), together comprising 93% of total imports.

Colombia, with a CAGR of +7.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, picking up by 27% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform