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Purified Terephthalic Acid (PTA) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition
Report Format: PDF+Excel | Report ID: SR112024A22624
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Purified Terephthalic Acid (PTA) Prices June 2024
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Purified Terephthalic Acid (PTA) | Feedstock | Japan | 607 USD/MT |
During the second quarter of 2024, the purified terephthalic acid (PTA) prices in Japan reached 607 USD/MT in June. In Japan, the market experienced some fluctuations during the second quarter of 2024. Despite a stable overall market, Japan saw an increase in PTA prices, primarily due to seasonal demand from the bottling industry. This uptick, though moderate, reflected rising demand for plastic beverage bottles in the summer season, pushing prices higher compared to the previous year.
Purified Terephthalic Acid (PTA) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Purified Terephthalic Acid (PTA) | Feedstock | USA | 1365 USD/MT |
| Purified Terephthalic Acid (PTA) | Feedstock | Japan | 583 USD/MT |
| Purified Terephthalic Acid (PTA) | Feedstock | Turkey | 1065 USD/MT |
The price trend in the USA was 1365 USD/MT. In Q4 2023, the North American purified terephthalic acid (PTA) market experienced initial price surges due to supply shortages and robust demand from the packaging and polyester sectors. However, by December, declining demand and efforts to minimize year-end inventories led to a market downturn.
The price trend in Japan was 583 USD/MT. The Japan purified terephthalic acid (PTA) market in Q3 of 2023 was bearish with a large price fall. This was caused by oversupply, destocking policy, and weak consumption in the downstream. PTA price in Japan has dropped -7% YOY and -9% from the previous quarter.
The PTA market of Turkey saw a divergent price trend in Q4 2023. At first, prices shot up in October and November because of tight supply and growing input costs, causing manufacturers to slash operational rates as a strategy to protect profit margins. Destocking by market participants resulted in a price process by December and settle at 1065 USD/MT CFR Izmir.
Regional Coverage
The report provides a detailed analysis of the purified terephthalic acid (PTA) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the purified terephthalic acid (PTA) price trend.
Global Purified Terephthalic Acid (PTA) Price
The report offers a holistic view of the global purified terephthalic acid (PTA) pricing trends in the form of purified terephthalic acid (PTA) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into purified terephthalic acid (PTA) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into purified terephthalic acid (PTA) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed purified terephthalic acid (PTA) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Purified Terephthalic Acid (PTA) Price
Q2 2024:
In Europe, Q2 2024 experienced a rise in PTA costs. Increased demand from the bottling and packaging sectors, coupled with transportation issues, contributed to the price hike. While April saw some downward movement due to an excess supply and the hesitance of manufacturers to raise prices, the trend shifted as shipping expenses increased amid worldwide supply chain disturbances. Longer delivery times and port blockages caused additional pressure, especially in May, when international tensions further tightened supply. A revival in orders from the polyester and PET resin industries, which usually see a rise during this season, pushed rates up in June. Changes in the availability of raw materials also raised manufacturing expenses, further escalating product rates as the quarter advanced.
Q1 2024:
In Europe, the market during Q1 2024 exhibited varied trends. January witnessed balanced supply and demand, with undisturbed manufacturing ensuring a relatively stable market. Nevertheless, conditions changed in February, as ongoing worldwide supply chain disruptions, particularly in the Red Sea region, led to delays in freights from the Middle East and Asia, creating a supply shortage in Europe. This shortage, along with increasing shipping costs, caused prices to rise. Besides, elevated costs for raw materials like propylene further drove up production expenses, exerting additional pressure on PTA prices. Despite these supply constraints, demand for PTA remained constant, especially as the region faced uncertainties in global trade. As a result, the European PTA market encountered a combination of steady demand and volatile supply, leading to price hikes.
Q4 2023:
In Europe, the PTA market witnessed a subdued environment with a moderate balance between supply and demand. The market was bearish as it had stable production and availability of raw materials. Eventually, high container freight prices and the Red Sea crisis had an impact, and supply shortages were followed by higher PTA prices. Those tensions were reinforced by the increase in feedstock propylene price, but the demand for PTA was stabilized.
This analysis can be extended to include detailed purified terephthalic acid (PTA) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Purified Terephthalic Acid (PTA) Price
Q2 2024:
Q2 2024 saw a shift in PTA costs in North America, moving from positive to negative trends. April experienced a significant growth in PTA rates, influenced by the Easter festivities, which led to a rise in the manufacturing of plastic drink bottles as demand accelerated in preparation for the hot season. The expectation of warm weather resulted in a rise in the need for PET, the material used for these containers, pushing producers to increase output. This chain reaction persisted into May, with PTA prices climbing due to rising PET demand. However, by June, reduced requirement from downstream sectors, along with logistical disruptions, caused a drop in PTA prices. A fall in raw material expenses, particularly crude oil, further weakened market sentiment, despite ongoing worldwide supply chain disturbances and unfavorable weather affecting shipping costs.
Q1 2024:
In Q1 2024, the North American market encountered a series of hurdles that suppressed rates. Demand persisted weak due to a deceleration in the polymer sector and the usual seasonal inventory reduction. Additionally, the market contended with cheaper imports, intensifying the strain on costs, particularly in January. The production segment also suffered, with a decline in fresh demand and export activity further worsening the market's situation. However, by February, rising logistics expenses and unforeseen events, such as a power outage at BP Chemicals' PTA plant in South Carolina, resulted in an abrupt supply shortage. This domestic supply pinch, combined with persistent transport problems, reversed the bearish trend, pushing costs upward.
Q4 2023:
The North American purified terephthalic acid (PTA) market was volatile mainly due to the weak demand from the downstream polymer industry and inexpensive imports that were competitive. First market woes were worsened by falling manufacturing orders. On the other hand, the growing freight costs, and incidents of force majeure at major plants resulted in supply disruption worsening the already tight market situation and forcing PTA prices upward.
Specific purified terephthalic acid (PTA) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Purified Terephthalic Acid (PTA) Price
The report explores the purified terephthalic acid (PTA) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on purified terephthalic acid (PTA) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Purified Terephthalic Acid (PTA) Price
Q2 2024:
Q2 2024 observed a largely stable price for PTA in the APAC region. Despite an initially optimistic outlook, the market slowly transitioned toward a more balanced sentiment. Consistent manufacturing levels and steady demand & supply contributed to this stability, with sufficient inventories preventing any major volatility. The demand for downstream products remained moderate, which helped sustain the stable market conditions. However, the industry in Japan experienced some price shifts. Seasonal demand from the bottling industry during the summer caused a slight rise in PTA prices. This minor increase represented a deviation from the broader regional trend, showcasing the impact of local factors, especially in industries related to plastic bottle production during peak demand periods.
Q1 2024:
Q1 2024 in the APAC PTA market exhibited a combination of upbeat and restrained trends. Early in the quarter, Japan saw strong demand, particularly fueled by its plastics industry, which consumes large amounts of PTA. Regional trade activity picked up, leading to a rise in transactions and an increase in local searches, driving rates upward. The market also benefited from reduced oversupply, contributing to a more consistent pricing landscape. However, by March, subdued trading across the broader Asian market dampened optimism, and market sentiment grew more cautious. Enhanced transportation situations eased previous disruptions, enabling smoother operations and better supply flows.
Q4 2023:
Initially, in the Asia Pacific region, the purified terephthalic acid (PTA) market was characterized by a bullish trend as regional trade increased and demand from the plastics sector also rose. The market had a lower surplus supply hence prices stabilized with increased trading activity and shipping conditions. Altogether, these factors led to a swift comeback of the PTA market with surging transactions and bullish market moods.
This purified terephthalic acid (PTA) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Purified Terephthalic Acid (PTA) Price
The analysis of purified terephthalic acid (PTA) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Purified Terephthalic Acid (PTA) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Purified Terephthalic Acid (PTA) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of purified terephthalic acid (PTA) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of purified terephthalic acid (PTA) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of purified terephthalic acid (PTA) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing purified terephthalic acid (PTA) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Purified Terephthalic Acid (PTA) Market Analysis
The global purified terephthalic acid (PTA) industry size reached US$ 91.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 138.1 Billion, at a projected CAGR of 4.60% during 2023-2032.
The growing adoption of polyethylene terephthalate (PET) in packaging, textiles, and bottles is catalyzing the demand for purified terephthalic acid (PTA) worldwide. For instance, China exported textiles, apparel, and clothing accessories worth US$ 323.344 billion in 2022, registering a slight growth of 2.53% compared to the previous year. Garment and clothing accessories exports reached US$ 175.396 billion in 2022, which was 3.2% higher than the same period of last year. China's textile exports, including yarn, fabrics, and others, registered a growth of 2% year-on-year to reach US$ 145.079 billion in 2022. Moreover, the development of textile industries in developing countries is increasing the PTA demand as a prime raw material for polyester fiber production. For instance, according to the International Labour Organization (ILO), more than 60% of world clothing exports are manufactured in developing countries. Asia is the major world supplier, producing more than 32% of the world's clothing exports. In addition to this, the food and beverage industry is expanding at a rapid pace, thereby increasing the usage of PET packaging which, in turn, is propelling the growth of the PTA market. In 2021, according to Statista, worldwide edible grocery sales of supermarkets and neighborhood stores amounted to approximately US$ 1.2 trillion. Hyper-stores were the second-largest channel with a total of around 544 billion in sales. By 2026, all channels will have seen an increase in sales, with e-commerce featuring the highest growth. Apart from this, innovations involving PTA in different applications, such as automotive and electronic industries, are leading the market toward growth. The use of purified terephthalic acid (PTA) is increasing due to the adoption of eco-friendly PET, facilitated by government policies that support sustainable materials, further creating a positive market outlook globally. Furthermore, advanced recycling technologies and increasing attention to the environment have increased the recycling rate of PET products, thus supporting the market growth of purified terephthalic acid (PTA).
Purified Terephthalic Acid (PTA) News
The report covers the latest developments, updates, and trends impacting the global purified terephthalic acid (PTA) industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in purified terephthalic acid (PTA) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the purified terephthalic acid (PTA) price trend.
Latest developments in the purified terephthalic acid (PTA) industry:
- On June 18, 2024, Coperion announced its partnership with Herbold Meckesheim to support Magpet Polymer Pvt Ltd, a leading Indian preform and plastic packaging manufacturer, in building a comprehensive bottle-to-bottle recycling facility. This collaboration provides an integrated solution, covering all stages of PET bottle recycling. The facility will include mechanical processing, extrusion using a ZSK twin-screw extruder, pelletizing, and an SSP (Solid State Polycondensation) reactor, all sourced from a single provider.
- On June 20, 2024, Coca-Cola India announced that it has advanced its commitment to plastic circularity by launching 100% recycled polyethylene terephthalate (rPET) bottles in a new Affordable Small Sparkling Package (ASSP) format. The 250ml ASSP bottles are now available in Odisha, India. The lightweight design of these new bottles results in a 36% decrease in emissions compared to traditional virgin PET packaging.
Product Description
Purified terephthalic acid (PTA) is a white crystalline organic compound mainly used in PET production for making clothes and plastic bottles. PTA, which is noted for its chemical stability and moisture resistance, is produced mostly by the catalytic liquid-phase oxidation of paraxylene in acetic acid, in the presence of air. It is characterized by a very high purity level, which is important for manufacturing good-quality polyester fibers and resins. TA's water insolubility and its properties in forming combined polyesters with glycols make it extremely useful in the textile and packaging industries. The adverse effect of this product on the environment is minimized through improvements in the manufacturing processes that reduce the emission and improve the recyclability of the end products.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Purified Terephthalic Acid (PTA) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Purified Terephthalic Acid (PTA) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, Greece* North America: United States, Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of purified terephthalic acid (PTA) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting purified terephthalic acid (PTA) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The purified terephthalic acid (PTA) price charts ensure our clients remain at the forefront of the industry.
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