Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Singapore - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Singapore (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Singapore (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Singapore
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Singapore
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Singapore (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $8,820 per ton in September 2022, growing by 456% against the previous month. Overall, the import price showed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($14,231 per ton), while the price for Taiwan (Chinese) ($730 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 Taiwan (Chinese) (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Singapore (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $3,698 per ton, with a decrease of -48% against the previous year. Over the period under review, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of 982% against the previous year. Over the period under review, the average export prices reached the maximum at $29,182 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($3,786 per ton), while the average price for exports to Vietnam ($532 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 the UK (+24.9%), 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 Singapore
In 2022, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Singapore surged to 3.4K tons, jumping by 222% on the previous year's figure. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses soared to $23M in 2022. Overall, imports, however, showed a precipitous slump.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3.0 | N/A | N/A | 7.0 | 32.6% |
| Canada | 26.9 | N/A | N/A | 2.8 | -53.0% |
| China | 0.5 | 0.1 | 0.7 | 1.1 | 30.1% |
| Belgium | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Netherlands | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Germany | 0.2 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
| Others | 30.9 | 0.4 | 1.2 | 11.4 | -28.3% |
| Total | 61.6 | 0.8 | 2.1 | 22.6 | -28.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Singapore in 2022:
- United Kingdom (1854.5 tons)
- China (1013.6 tons)
- Canada (270.2 tons)
- Belgium (158.3 tons)
- Taiwan (Chinese) (69.6 tons)
- Netherlands (29.8 tons)
- Germany (7.6 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Singapore
In 2022, approx. 123 tons of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were exported from Singapore; shrinking by -31.3% against the year before. Overall, exports showed a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 8.3% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses shrank sharply to $454K in 2022. Over the period under review, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 153%.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | N/A | N/A | N/A | 0.1 | 0% |
| India | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Vietnam | N/A | N/A | N/A | N/A | 0% |
| China | 62.4 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | N/A | N/A | 0% |
| Malaysia | N/A | N/A | N/A | N/A | 0% |
| Indonesia | 0.1 | N/A | N/A | N/A | 0% |
| Australia | N/A | N/A | 0.5 | N/A | 0% |
| Others | 63.0 | 0.3 | 0.7 | 0.2 | -85.3% |
| Total | 126 | 0.5 | 1.3 | 0.5 | -84.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Singapore in 2022:
- Bangladesh (55.4 tons)
- India (36.5 tons)
- Indonesia (8.9 tons)
- Vietnam (6.1 tons)
- Malaysia (5.4 tons)
- Netherlands (3.7 tons)
- Australia (3.0 tons)
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