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

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

In 2021, after seven years of decline, there was growth in the Dutch market for phthalic anhydride, terephthalic acid and its salts, when its value increased by 1.7% to $X. In general, consumption saw a deep contraction. As a result, consumption attained 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 the Netherlands

In value terms, phthalic anhydride and terephthalic acid production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. Phthalic anhydride and terephthalic acid production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from the Netherlands

Phthalic anhydride and terephthalic acid exports from the Netherlands skyrocketed to X tons in 2021, picking up by 121% against the previous year. Overall, exports, however, continue to indicate a deep downturn. Over the period under review, the exports reached the maximum 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. Over the period under review, exports, however, recorded a deep downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from the Netherlands, accounting for a 60% share of total exports. Moreover, phthalic anhydride and terephthalic acid exports to the UK exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Egypt (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+163.4% per year) and Egypt (+262.1% per year).

In value terms, the UK ($X) emerged as the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from the Netherlands, comprising 58% of total exports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total exports. It was followed by Egypt, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to the UK stood at -13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+163.6% per year) and Egypt (+244.3% per year).

Export Prices by Country

In 2021, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, growing by 26% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into the Netherlands

In 2021, supplies from abroad of phthalic anhydride, terephthalic acid and its salts increased by 37% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, phthalic anhydride and terephthalic acid imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a slight descent. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest phthalic anhydride and terephthalic acid supplier to the Netherlands, with a 79% share of total imports. Moreover, phthalic anhydride and terephthalic acid imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was taken by South Korea (X tons), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.3% per year) and South Korea (+16.9% per year).

In value terms, Belgium ($X) constituted the largest supplier of phthalic anhydride, terephthalic acid and its salts to the Netherlands, comprising 79% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by South Korea, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.6% per year) and South Korea (+16.4% per year).

Import Prices by Country

In 2021, the average import price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, picking up by 14% against the previous year. In general, the import price, however, saw a noticeable reduction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Belgium ($X per ton), while the price for India ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :