Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Thailand - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Thailand (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Thailand
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Thailand (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $2,029 per ton in 2022, growing by 44% against the previous year. Overall, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 86%. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,236 per ton), while the price for Singapore ($1,993 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Thailand
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -15.8% to 58K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 22%. As a result, imports reached the peak of 69K tons, and then reduced remarkably in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates soared to $118M in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 127% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 22.8 | 27.1 | 75.3 | 95.4 | 61.1% |
| China | 22.7 | 14.1 | 6.3 | 18.5 | -6.6% |
| South Korea | N/A | 1.4 | 15.6 | 3.8 | 64.8% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 45.5 | 42.7 | 97.1 | 118 | 37.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Thailand in 2022:
- Singapore (47.8K tons)
- China (8.3K tons)
- South Korea (1.9K tons)
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