Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Saudi Arabia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Saudi Arabia (FOB) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Saudi Arabia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Saudi Arabia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $1,201 per ton in 2022, rising by 20% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates increased by +50.7% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $1,401 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($1,400 per ton), while the average price for exports to China ($810 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 South Korea (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Saudi Arabia
Exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates from Saudi Arabia fell remarkably to 331K tons in 2022, with a decrease of -31.9% compared with the previous year. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of 486K tons, and then reduced remarkably in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates fell markedly to $398M in 2022. Overall, total exports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 59%. As a result, the exports reached the peak of $489M, and then fell remarkably in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 173 | 112 | 245 | 200 | 5.0% |
| India | 29.6 | 55.0 | 88.4 | 72.4 | 34.7% |
| Turkey | 48.8 | 33.1 | 27.7 | 29.5 | -15.4% |
| Italy | 6.6 | 13.1 | 23.9 | 19.6 | 43.7% |
| United Arab Emirates | 17.5 | 14.2 | 22.5 | 18.5 | 1.9% |
| Spain | 8.7 | 38.3 | 21.6 | 18.5 | 28.6% |
| Egypt | 13.7 | 22.6 | 21.2 | 17.4 | 8.3% |
| China | 2.3 | 15.3 | N/A | 12.7 | 76.7% |
| Others | 74.2 | 2.9 | 38.6 | 8.6 | -51.2% |
| Total | 375 | 306 | 489 | 398 | 2.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from Saudi Arabia in 2022:
- Belgium (155.0K tons)
- India (56.3K tons)
- Turkey (31.1K tons)
- Spain (19.7K tons)
- Egypt (15.7K tons)
- China (15.7K tons)
- Italy (15.6K tons)
- United Arab Emirates (15.6K tons)
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