Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Belgium - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Belgium (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Belgium (FOB) - 2023
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Belgium
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Belgium
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Belgium (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $1,799 per ton, picking up by 36% against the previous year. In general, the import price posted prominent growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 71% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,245 per ton), while the price for China ($1,076 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Belgium (FOB) - 2023
In October 2023, the average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $938 per ton, falling by -14.1% against the previous month. In general, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 8.1% m-o-m. Over the period under review, the average export prices reached the maximum at $1,416 per ton in October 2022; however, from November 2022 to October 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In October 2023, the countries with the highest prices were Morocco ($1,130 per ton) and the UK ($1,050 per ton), while the average price for exports to Tunisia ($794 per ton) and Turkey ($862 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.8%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Belgium
After three years of growth, purchases abroad of acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -13.9% to 571K tons in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 172% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates surged to $1B in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 133%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 40.7 | 223 | 299 | 354 | 105.7% |
| Saudi Arabia | 32.5 | 73.9 | 204 | 279 | 104.8% |
| Singapore | 29.7 | 50.9 | 203 | 211 | 92.2% |
| South Korea | 1.5 | 9.4 | 82.9 | 80.7 | 277.5% |
| Taiwan (Chinese) | 5.9 | 23.6 | 20.6 | 38.9 | 87.5% |
| China | 21.4 | 8.9 | 36.9 | 24.8 | 5.0% |
| Germany | 47.5 | 28.3 | 20.6 | 22.2 | -22.4% |
| Others | 8.1 | 18.4 | 12.2 | 16.3 | 26.3% |
| Total | 187 | 436 | 879 | 1,027 | 76.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Belgium in 2022:
- United States (229.5K tons)
- Saudi Arabia (134.5K tons)
- Singapore (102.1K tons)
- South Korea (36.0K tons)
- China (23.0K tons)
- Taiwan (Chinese) (17.3K tons)
- Germany (17.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Belgium
In 2022, after three years of growth, there was significant decline in shipments abroad of acids; saturated acyclic monocarboxylic acids; vinyl acetates, when their volume decreased by -17.1% to 424K tons. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,201%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates declined modestly to $764M in 2022. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,078% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.6 | 168 | 391 | 380 | 168.6% |
| France | 3.9 | 50.5 | 121 | 107 | 201.6% |
| Netherlands | 0.4 | 39.7 | 62.9 | 64.2 | 443.4% |
| Italy | 1.3 | 10.1 | 54.8 | 47.7 | 232.3% |
| United Kingdom | 3.9 | 59.5 | 43.6 | 44.6 | 125.3% |
| Sweden | 0.4 | 12.2 | 24.9 | 27.5 | 309.7% |
| Turkey | N/A | 11.8 | 14.4 | 22.1 | 36.9% |
| Spain | 0.1 | 8.2 | 17.0 | 19.1 | 475.9% |
| Others | 3.0 | 23.6 | 70.4 | 52.4 | 159.5% |
| Total | 32.6 | 384 | 800 | 764 | 186.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from Belgium in 2022:
- Germany (200.8K tons)
- Netherlands (49.1K tons)
- France (45.1K tons)
- United Kingdom (25.6K tons)
- Italy (24.4K tons)
- Sweden (22.9K tons)
- Turkey (15.4K tons)
- Spain (15.1K tons)
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