Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Japan - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Japan (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Japan (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Japan
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Japan
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Japan (CIF) - 2023
In July 2023, the average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,043 per ton, shrinking by -40.3% against the previous month. In general, the import price recorded a slight decrease. The most prominent rate of growth was recorded in June 2023 an increase of 40% m-o-m. As a result, import price reached the peak level of $1,748 per ton, and then dropped sharply in the following month.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($1,087 per ton), while the price for China stood at $1,009 per ton.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.1%).
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Japan (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $3,263 per ton in 2022, with an increase of 12% against the previous year. In general, the export price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 91% against the previous year. Over the period under review, the average export prices attained the maximum at $4,353 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($12,694 per ton), while the average price for exports to the United States ($1,538 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 Indonesia (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Japan
Imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates into Japan dropped remarkably to 6.4K tons in 2022, falling by -17.1% on the previous year's figure. Over the period under review, imports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 23%. As a result, imports attained the peak of 7.7K tons, and then dropped sharply in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates rose modestly to $9.7M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.9% 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 +75.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.3 | 4.6 | 8.5 | 7.7 | 6.9% |
| Malaysia | 0.8 | 0.5 | N/A | 1.3 | 17.6% |
| Taiwan (Chinese) | 0.4 | 0.4 | 0.8 | 0.6 | 14.5% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 7.5 | 5.6 | 9.4 | 9.7 | 9.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to Japan in 2022:
- China (5.3K tons)
- Malaysia (0.9K tons)
- Taiwan (Chinese) (0.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Japan
Exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates from Japan shrank significantly to 65 tons in 2022, which is down by -24.2% against the year before. Overall, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 13%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates shrank to $212K in 2022. In general, exports continue to indicate a deep reduction. The smallest decline of -2.4% was in 2021.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 152 | 193 | 147 | 109 | -10.5% |
| South Korea | 24.5 | 25.0 | 31.9 | 39.8 | 17.6% |
| China | 63.2 | 19.6 | 35.1 | 39.4 | -14.6% |
| United States | 8.1 | 6.6 | 9.8 | 22.1 | 39.7% |
| Taiwan (Chinese) | 4.6 | 5.2 | 17.9 | N/A | 97.3% |
| Others | 27.6 | 5.6 | 6.9 | 1.8 | -59.7% |
| Total | 280 | 255 | 249 | 212 | -8.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate from Japan in 2022:
- Vietnam (38.7 tons)
- United States (14.4 tons)
- South Korea (8.7 tons)
- China (3.1 tons)
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