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

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

In 2021, the Polish market for phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, showed a noticeable descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

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

In value terms, phthalic anhydride and terephthalic acid production rose sharply to $X in 2021 estimated in export price. In general, production recorded a mild slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Poland

In 2021, exports of phthalic anhydride, terephthalic acid and its salts from Poland shrank to X tons, waning by -12.3% against the previous year. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 19,398%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid exports rose markedly to $X in 2021. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 12,658% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Poland, with a 87% share of total exports. Moreover, phthalic anhydride and terephthalic acid exports to Germany exceeded the volume sent to the second major destination, Lithuania (X tons), more than tenfold. The third position in this ranking was held by Belarus (X tons), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-6.0% per year) and Belarus (-0.7% per year).

In value terms, Germany ($X) remains the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Poland, comprising 86% of total exports. The second position in the ranking was held by Lithuania ($X), with a 6.2% share of total exports. It was followed by Belarus, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-10.7% per year) and Belarus (-6.5% 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 27% against the previous year. In general, the export price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 29%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Lithuania ($X per ton) and Belarus ($X per ton), while the average price for exports to Russia ($X per ton) and Germany ($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 (-5.0%), while the prices for the other major destinations experienced a decline.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Poland

In 2021, supplies from abroad of phthalic anhydride, terephthalic acid and its salts increased by 99% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 110% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, phthalic anhydride and terephthalic acid imports surged to $X in 2021. In general, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of phthalic anhydride and terephthalic acid to Poland, with a 44% share of total imports. Moreover, phthalic anhydride and terephthalic acid imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +369.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+4.5% per year) and Spain (+14.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of phthalic anhydride, terephthalic acid and its salts to Poland, comprising 37% of total imports. The second position in the ranking was taken by Russia ($X), with a 15% share of total imports. It was followed by Belarus, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +343.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-0.5% per year) and Belarus (+7.6% 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, with an increase of 16% against the previous year. Overall, the import price, however, saw a deep slump. The growth pace was the most rapid in 2018 an increase of 25%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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