Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Hong Kong SAR - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Hong Kong SAR (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Hong Kong SAR (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Hong Kong SAR
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Hong Kong SAR
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $1,405 per ton, increasing by 5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 37%. Over the period under review, the average export prices reached the maximum at $1,441 per ton in 2016; afterwards, it flattened through to 2022.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +59.4% per year.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Hong Kong SAR (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $1,460 per ton in 2022, shrinking by -20.1% against the previous year. Over the period under review, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 76%. Over the period under review, average import prices reached the peak figure at $1,994 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($3,574 per ton), while the price for the United States ($122 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.0%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Hong Kong SAR
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -5.4% to 48 tons, falling for the second consecutive year after two years of growth. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 27%. As a result, the exports reached the peak of 60 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates reduced slightly to $67K in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports attained the peak of $85K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 10.5 | 5.8 | 67.4 | 156.4% |
| India | 20.0 | N/A | N/A | N/A | 0% |
| Indonesia | 6.9 | 10.7 | 5.5 | N/A | -10.7% |
| Australia | 26.0 | 46.6 | 27.6 | N/A | 3.0% |
| Israel | 5.8 | 12.7 | 9.1 | N/A | 25.3% |
| Brazil | 4.1 | 4.9 | 20.0 | N/A | 120.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 66.8 | 85.4 | 67.9 | 67.4 | 0.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from Hong Kong SAR in 2022:
- China (48.0 tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Hong Kong SAR
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; vinyl acetates was finally on the rise to reach 35 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a sharp shrinkage.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates contracted slightly to $51K in 2022. In general, imports, however, saw a precipitous setback. The growth pace was the most rapid in 2021 when imports increased by 11% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 19.6 | 12.8 | 11.7 | 15.2 | -8.1% |
| South Korea | 21.7 | 13.4 | 11.7 | 14.4 | -12.8% |
| China | 15.7 | 9.1 | 7.4 | 8.6 | -18.2% |
| Indonesia | 15.1 | 12.7 | 9.2 | 6.4 | -24.9% |
| United States | 0.9 | 0.4 | 0.3 | 0.3 | -30.7% |
| Netherlands | 17.2 | N/A | N/A | N/A | 0% |
| Others | 17.3 | 0.2 | 13.6 | 6.4 | -28.2% |
| Total | 108 | 48.6 | 53.9 | 51.3 | -22.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Hong Kong SAR in 2022:
- South Korea (13.2 tons)
- China (6.9 tons)
- Indonesia (4.3 tons)
- Taiwan (Chinese) (4.2 tons)
- United States (2.1 tons)
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