Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Japan - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Japan (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Japan (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Japan
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Japan
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Japan (CIF) - 2024
In July 2023, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $542 per ton, rising by 17% against the previous month. Over the period under review, the import price, however, continues to indicate a abrupt setback. Over the period under review, average import prices hit record highs at $880 per ton in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,172 per ton), while the price for China ($446 per ton) was amongst the lowest.
From April 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Japan (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $3,838 per ton in 2022, picking up by 15% against the previous year. In general, the export price showed significant growth. The pace of growth appeared the most rapid in 2018 an increase of 232% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($13,004 per ton), while the average price for exports to South Korea ($2,759 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 Thailand (+42.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Japan
Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Japan rose markedly to 12K tons in 2022, picking up by 12% on the previous year's figure. In general, imports, however, saw a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 78%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $9.5M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,731 | 2,181 | 2,638 | 3,613 | 9.8% |
| Germany | 358 | 256 | 176 | 510 | 12.5% |
| Saudi Arabia | 1,558 | 670 | 191 | 460 | -33.4% |
| Taiwan (Chinese) | 66.9 | 68.8 | 123 | 104 | 15.8% |
| Others | 4,910 | 3,319 | 3,305 | 4,779 | -0.9% |
| Total | 9,623 | 6,494 | 6,433 | 9,466 | -0.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Japan in 2022:
- China (4.5K tons)
- Saudi Arabia (0.8K tons)
- Germany (0.4K tons)
- Taiwan (Chinese) (0.2K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Japan
For the third consecutive year, Japan recorded decline in shipments abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, which decreased by -17% to 116 tons in 2022. Overall, exports faced a precipitous shrinkage.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses fell modestly to $447K in 2022. In general, exports recorded a significant decrease.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 102 | 37.7 | 94.3 | 106 | 1.3% |
| South Korea | 421 | 245 | 116 | 98.2 | -38.4% |
| Others | 655 | 297 | 259 | 243 | -28.1% |
| Total | 1,178 | 579 | 469 | 447 | -27.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Japan in 2022:
- South Korea (35.6 tons)
- China (21.0 tons)
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