Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Singapore - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Singapore (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Singapore (FOB) - 2023
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Singapore
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Singapore
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Singapore (CIF) - 2023
In September 2022, the average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $3,548 per ton, declining by -21.3% against the previous month. In general, the import price saw a abrupt contraction. The pace of growth was the most pronounced in August 2022 an increase of 35% month-to-month. As a result, import price reached the peak level of $4,510 per ton, and then plummeted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was China ($14,197 per ton), while the price for the United States ($2,953 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by China (+24.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Singapore (FOB) - 2023
In September 2022, the average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $3,120 per ton, reducing by -9.9% against the previous month. In general, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 8.1% against the previous month. As a result, the export price reached the peak level of $3,646 per ton. From August 2022 to September 2022, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($3,733 per ton), while the average price for exports to South Korea ($2,478 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Singapore
In 2022, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses into Singapore reached 31K tons, picking up by 13% on the year before. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 863%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses skyrocketed to $76M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 267% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.6 | 2.7 | 32.3 | 60.3 | 235.3% |
| China | 8.9 | 4.3 | 5.9 | 8.1 | -3.1% |
| Mexico | 1.7 | 1.6 | 1.2 | 1.6 | -2.0% |
| Others | 4.6 | 3.4 | 4.6 | 5.7 | 7.4% |
| Total | 16.8 | 12.0 | 43.9 | 75.7 | 65.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Singapore in 2022:
- United States (28.8K tons)
- China (1.0K tons)
- Mexico (0.3K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Singapore
For the third year in a row, Singapore recorded decline in shipments abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses, which decreased by -13.9% to 25K tons in 2022. Overall, exports recorded a abrupt slump. The smallest decline of -12.8% was in 2021.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses declined to $60M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of $64M, and then reduced in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 15.7 | 14.9 | 11.8 | 11.8 | -9.1% |
| Thailand | 5.2 | 4.8 | 7.7 | 7.9 | 15.0% |
| Vietnam | 4.7 | 3.5 | 5.0 | 6.4 | 10.8% |
| China | 13.6 | 6.2 | 12.0 | 5.2 | -27.4% |
| Indonesia | 3.7 | 2.8 | 4.3 | 4.0 | 2.6% |
| Philippines | 2.2 | 2.1 | 3.4 | 3.7 | 18.9% |
| Australia | 2.3 | 2.1 | 3.0 | 3.6 | 16.1% |
| Taiwan (Chinese) | 1.6 | 2.8 | 2.8 | 3.6 | 31.0% |
| Malaysia | 1.6 | 1.6 | 2.9 | 2.7 | 19.1% |
| South Korea | 3.4 | 3.1 | 3.3 | 2.3 | -12.2% |
| Japan | 1.6 | 1.6 | 1.0 | 2.0 | 7.7% |
| Hong Kong SAR | 1.2 | 0.8 | 2.3 | 1.5 | 7.7% |
| Pakistan | 0.9 | 0.3 | 0.9 | 1.0 | 3.6% |
| Others | 2.2 | 1.6 | 3.2 | 3.9 | 21.0% |
| Total | 59.9 | 48.4 | 63.8 | 59.6 | -0.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from Singapore in 2022:
- India (5.3K tons)
- Thailand (3.1K tons)
- China (2.8K tons)
- Vietnam (2.6K tons)
- Taiwan (Chinese) (1.5K tons)
- Philippines (1.5K tons)
- Indonesia (1.5K tons)
- Australia (1.4K tons)
- Malaysia (1.1K tons)
- South Korea (1.0K tons)
- Japan (0.8K tons)
- Hong Kong SAR (0.5K tons)
- Pakistan (0.4K tons)
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