Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in China - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in China (FOB) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in China (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in China
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in China
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in China (FOB) - 2024
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,000 per ton in September 2023, with a decrease of -7.8% against the previous month. Over the period under review, the export price recorded a noticeable descent. The pace of growth was the most pronounced in May 2023 an increase of 11% against the previous month. The export price peaked at $1,312 per ton in March 2023; however, from April 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($1,242 per ton), while the average price for exports to South Africa ($685 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.3%), while the prices for the other major destinations experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in China (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,073 per ton in 2022, growing by 18% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 223% against the previous year. As a result, import price reached the peak level of $4,732 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($12,000 per ton), while the price for the United States ($986 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+23.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in China
For the fourth year in a row, China recorded growth in shipments abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses, which increased by 20% to 51K tons in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 74%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses surged to $80M in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 78%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.8 | 5.5 | 22.2 | 27.2 | 92.7% |
| Japan | 4.6 | 2.4 | 3.5 | 5.7 | 7.4% |
| United States | 1.6 | 2.4 | 2.9 | 4.0 | 35.7% |
| Russia | 1.6 | 1.7 | 1.8 | 3.5 | 29.8% |
| Nigeria | 3.2 | 2.8 | 3.9 | 2.8 | -4.4% |
| Indonesia | 0.9 | 1.3 | 1.6 | 2.7 | 44.2% |
| Thailand | 0.6 | 0.5 | 0.9 | 2.4 | 58.7% |
| South Korea | 2.0 | 1.9 | 1.8 | 2.2 | 3.2% |
| Vietnam | 0.4 | 0.5 | 1.0 | 1.9 | 68.1% |
| Brazil | 1.2 | 1.2 | 0.7 | 1.8 | 14.5% |
| Australia | 1.0 | 1.1 | 1.7 | 1.8 | 21.6% |
| South Africa | 0.9 | 0.6 | 1.4 | 1.6 | 21.1% |
| Kenya | 1.5 | 0.7 | 1.4 | 1.6 | 2.2% |
| Others | 12.7 | 12.1 | 17.1 | 21.0 | 18.3% |
| Total | 35.9 | 34.9 | 62.0 | 80.1 | 30.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from China in 2022:
- India (19.7K tons)
- Russia (2.7K tons)
- Japan (2.5K tons)
- Nigeria (1.9K tons)
- Indonesia (1.8K tons)
- Thailand (1.7K tons)
- Brazil (1.4K tons)
- South Korea (1.4K tons)
- South Africa (1.3K tons)
- Vietnam (1.3K tons)
- Kenya (1.3K tons)
- Australia (1.2K tons)
- United States (1.2K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in China
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -13.2% to 17K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by 31%. As a result, imports reached the peak of 37K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses expanded slightly to $18M in 2022. In general, imports faced a deep slump.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.2 | 26.0 | 15.5 | 16.5 | -16.4% |
| Taiwan (Chinese) | 1.2 | 1.1 | 1.0 | 0.2 | -45.0% |
| Others | 1.7 | 1.9 | 1.3 | 1.5 | -4.1% |
| Total | 31.1 | 29.1 | 17.8 | 18.1 | -16.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to China in 2022:
- United States (16.7K tons)
- Taiwan (Chinese) (0.1K tons)
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