Price for Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in Singapore - 2022
Contents:
- Price for Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in Singapore (FOB) - 2022
- Exports of Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in Singapore
Price for Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in Singapore (FOB) - 2022
The average export price for acids; naphthenic acids, their water-insoluble salts and their esterses stood at $8,488 per ton in 2022, shrinking by -9.5% against the previous year. In general, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 22%. The export price peaked at $9,379 per ton in 2021, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for the Philippines.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +10.4% per year.
Exports of Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in Singapore
After two years of decline, overseas shipments of acids; naphthenic acids, their water-insoluble salts and their esterses increased by 8% to 130 tons in 2022. In general, exports, however, recorded a deep slump.
In value terms, exports of acids; naphthenic acids, their water-insoluble salts and their esterses contracted modestly to $1.1M in 2022. The total export value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 4.9%.
| Export of Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 1.0 | 1.1 | 1.1 | 1.1 | 3.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 1.1 | 1.1 | 1.1 | 3.2% |
Top Export Markets for Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters from Singapore in 2022:
- Philippines (129.9 tons)
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