Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Pakistan - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Pakistan (CIF) - 2023
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Pakistan
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Pakistan (CIF) - 2023
In June 2023, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $1,159 per ton, shrinking by -5.3% against the previous month. Overall, the import price saw a abrupt slump. The pace of growth was the most pronounced in April 2023 an increase of 18% month-to-month. The import price peaked at $2,574 per ton in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from South Korea ($1,281 per ton) and Saudi Arabia ($1,169 per ton), while the price for Singapore ($913 per ton) and China ($1,113 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (0.0%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Pakistan
After three years of growth, overseas purchases of acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -29% to 14K tons in 2022. In general, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates reached $27M in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 109% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Pakistan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 8.9 | 7.6 | 10.9 | 14.9 | 18.7% |
Saudi Arabia | 1.9 | 4.0 | 10.3 | 9.5 | 71.0% |
Taiwan (Chinese) | 1.5 | 0.5 | 2.0 | 2.1 | 11.9% |
Singapore | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
South Korea | N/A | 0.1 | 1.9 | 0.5 | 123.6% |
Others | N/A | 0.5 | 1.5 | N/A | 200.0% |
Total | 12.4 | 12.8 | 26.8 | 27.5 | 30.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Pakistan in 2022:
- China (6.7K tons)
- Saudi Arabia (5.3K tons)
- Taiwan (Chinese) (1.0K tons)
- South Korea (0.5K tons)
- Singapore (0.3K tons)
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