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U.S. - Acrylic Acid And Its Salts And Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonocarboxylic Acid Price in the United States - 2023
Contents:
- Monocarboxylic Acid Price in the United States (CIF) - 2023
- Monocarboxylic Acid Price in the United States (FOB) - 2022
- Monocarboxylic Acid Imports in the United States
- Monocarboxylic Acid Exports in the United States
Monocarboxylic Acid Price in the United States (CIF) - 2023
In August 2023, the average monocarboxylic acid import price amounted to $3,283 per ton, reducing by -21% against the previous month. Overall, the import price recorded a deep slump. The growth pace was the most rapid in November 2022 when the average import price increased by 187% m-o-m. As a result, import price attained the peak level of $18,262 per ton. From December 2022 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was India ($16,254 per ton), while the price for South Korea ($1,019 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.4%), while the prices for the other major suppliers experienced a decline.
Monocarboxylic Acid Price in the United States (FOB) - 2022
The average monocarboxylic acid export price stood at $3,955 per ton in 2022, growing by 17% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monocarboxylic acid export price increased by +85.7% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of 42% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($11,119 per ton), while the average price for exports to Brazil ($1,929 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Monocarboxylic Acid Imports in the United States
In 2022, approx. 71K tons of acrylic acid and its salts and other monocarboxylic acid were imported into the United States; surging by 4.7% compared with the previous year's figure. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, monocarboxylic acid imports soared to $656M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Monocarboxylic Acid in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 159 | 154 | 151 | 180 | 4.2% |
India | 61.9 | 35.0 | 81.6 | 163 | 38.1% |
Germany | 28.1 | 63.9 | 75.6 | 59.1 | 28.1% |
Japan | 42.4 | 32.2 | 51.1 | 48.6 | 4.7% |
Mexico | 17.3 | 38.5 | 25.4 | 30.2 | 20.4% |
Belgium | 5.9 | 0.3 | 15.6 | 25.3 | 62.5% |
South Korea | 17.6 | 25.7 | 18.3 | 11.7 | -12.7% |
Indonesia | 3.0 | 0.8 | 1.2 | 5.4 | 21.6% |
Malaysia | 7.8 | N/A | 1.3 | 5.4 | -11.5% |
Others | 82.0 | 82.0 | 132 | 127 | 15.7% |
Total | 425 | 432 | 553 | 656 | 15.6% |
Top Suppliers of Monocarboxylic Acid to the United States in 2022:
- China (38.4K tons)
- Belgium (10.0K tons)
- India (7.4K tons)
- Germany (6.4K tons)
- Indonesia (2.6K tons)
- Mexico (1.4K tons)
- Malaysia (1.1K tons)
- South Korea (1.0K tons)
- Japan (0.7K tons)
Monocarboxylic Acid Exports in the United States
In 2022, shipments abroad of acrylic acid and its salts and other monocarboxylic acid decreased by -13.5% to 25K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of 10%. As a result, the exports attained the peak of 31K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, monocarboxylic acid exports reached $97M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
Export of Monocarboxylic Acid in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 19.3 | 19.8 | 37.7 | 35.9 | 23.0% |
Canada | 12.6 | 17.4 | 17.9 | 22.4 | 21.1% |
Brazil | 6.3 | 5.3 | 3.5 | 6.5 | 1.0% |
South Korea | 15.1 | 15.4 | 12.4 | 5.5 | -28.6% |
Netherlands | 1.4 | 1.0 | 2.3 | 1.7 | 6.7% |
Others | 36.9 | 18.6 | 22.2 | 24.9 | -12.3% |
Total | 91.6 | 77.5 | 95.9 | 96.9 | 1.9% |
Top Export Markets for Monocarboxylic Acid from the United States in 2022:
- Mexico (14.8K tons)
- Brazil (3.4K tons)
- Canada (2.0K tons)
- South Korea (1.2K tons)
- Netherlands (0.6K tons)
This report provides an in-depth analysis of the monocarboxylic acid market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143310 - Acrylic acid and its salts and other monocarboxylic acid
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In terms of value, imports of Monocarboxylic Acid decreased to $28M in July 2023.
Import values of Methacrylic Acid Esters plummeted to $11M in February 2023.
In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...
Explore the top import markets for acrylic acid esters and delve into key statistics and numbers behind these markets.
In terms of value, imports of Monocarboxylic Acid decreased to $28M in July 2023.
Import values of Methacrylic Acid Esters plummeted to $11M in February 2023.
In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...
Explore the top import markets for acrylic acid esters and delve into key statistics and numbers behind these markets.