Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Australia - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Australia (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Australia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Australia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Australia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Australia (CIF) - 2023
In November 2023, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $1,120 per ton, remaining relatively unchanged against the previous month. In general, the import price showed a perceptible contraction. The pace of growth was the most pronounced in April 2023 when the average import price increased by 4.4% against the previous month. The import price peaked at $1,453 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From November 2022 to November 2023, the rate of growth in terms of prices for Singapore amounted to -2.1% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Australia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $2,507 per ton, which is down by -57.2% against the previous year. In general, the export price, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 195%. As a result, the export price reached the peak level of $13,993 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($4,963 per ton), while the average price for exports to New Zealand totaled $1,961 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (+1.5%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Australia
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; vinyl acetates imported into Australia reduced remarkably to 6.2K tons, which is down by -28.5% on 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, imports attained the peak of 8.7K tons, and then dropped markedly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates totaled $13M in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 161%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 6.1 | 5.0 | 13.0 | 13.3 | 29.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.1 | 5.0 | 13.0 | 13.3 | 29.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Australia in 2022:
- Singapore (6.2K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Australia
In 2022, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates from Australia skyrocketed to 20 tons, rising by 542% compared with the previous year. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates surged to $50K in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | N/A | N/A | 0.3 | 32.4 | 10700.0% |
| United Arab Emirates | 5.6 | N/A | 18.0 | 17.3 | 45.6% |
| Papua New Guinea | 1.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.7 | 0% |
| Total | 6.8 | N/A | 18.3 | 50.4 | 95.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from Australia in 2022:
- New Zealand (16.5 tons)
- United Arab Emirates (3.5 tons)
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