Acids: aromatic polycarboxylic acids: terephthalic acid and its salts

In 2024, acids: aromatic polycarboxylic acids: terephthalic acid and its salts trade exhibited strong growth, with global flows reaching $8,439,204,041 and a three-year compound annual growth rate of +8.8% (five-year: +6.0%). The all-time peak of $14,057,563,555 was recorded in 2011; the current level is 40% below that high-water mark.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+6.7% acceleration).

The World Trade Flows Characterization classifies acids: aromatic polycarboxylic acids: terephthalic acid and its salts as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.184). The three largest exporters — China ($2.9B), South Korea ($1.7B), and Thailand ($946.6M) — collectively dominate supply flows. The leading exporter has grown at +22.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.099). The three largest import markets are Türkiye ($1.6B), India ($1.5B), and Vietnam ($818.6M). The largest importing market sources from 25 different supplying countries.

Estimated substitution elasticity: -38.69. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is South Korea → Türkiye at $834.6M, representing 53.0% of the importer's total demand.

The volatility score for acids: aromatic polycarboxylic acids: terephthalic acid and its salts is 5 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.