Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in India - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in India (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in India (FOB) - 2023
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in India
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in India
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in India (CIF) - 2023
In July 2023, the average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,020 per ton, falling by -2% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 3.7% against the previous month. As a result, import price attained the peak level of $1,081 per ton. From May 2023 to July 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was China ($1,243 per ton), while the price for Malaysia ($948 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in India (FOB) - 2023
The average export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $2,435 per ton in July 2023, picking up by 74% against the previous month. Over the period under review, the export price enjoyed a pronounced increase. The growth pace was the most rapid in February 2023 when the average export price increased by 125% against the previous month. As a result, the export price attained the peak level of $2,688 per ton. From March 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was the United States ($4,625 per ton), while the average price for exports to Qatar ($1,314 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in India
In 2022, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates into India declined slightly to 50K tons, waning by -2.2% against 2021. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. As a result, imports attained the peak of 51K tons, and then shrank in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates contracted to $69M in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 130%. As a result, imports reached the peak of $70M, and then contracted modestly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 23.8 | 14.4 | 28.3 | 30.0 | 8.0% |
| Malaysia | 9.5 | 10.1 | 24.8 | 20.1 | 28.4% |
| China | 2.0 | 5.2 | 17.1 | 18.3 | 109.2% |
| Others | N/A | 0.9 | 0.2 | 0.3 | -42.3% |
| Total | 35.4 | 30.6 | 70.5 | 68.7 | 24.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to India in 2022:
- Singapore (21.4K tons)
- Malaysia (15.8K tons)
- China (12.9K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in India
In 2022, after three years of growth, there was significant decline in shipments abroad of acids; saturated acyclic monocarboxylic acids; n-butyl acetates, when their volume decreased by -19.8% to 1.6K tons. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 873% against the previous year. As a result, the exports reached the peak of 1.9K tons, and then shrank significantly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates contracted sharply to $2.3M in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,331%. As a result, the exports attained the peak of $3.4M, and then fell sharply in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | N/A | N/A | 55.4 | 1,011 | 1724.9% |
| United Arab Emirates | 7.5 | N/A | 1,364 | 272 | 231.0% |
| Tanzania | 9.2 | 36.5 | 170 | 124 | 138.0% |
| Uganda | 23.0 | 16.6 | 8.8 | 117 | 72.0% |
| Kenya | 6.4 | 31.9 | 389 | 115 | 161.9% |
| Singapore | N/A | N/A | 16.3 | 95.1 | 483.4% |
| Lebanon | N/A | N/A | N/A | 84.0 | 0% |
| Sri Lanka | 18.1 | N/A | 15.8 | 78.8 | 63.3% |
| Bangladesh | 0.3 | 2.9 | N/A | 77.9 | 538.0% |
| Qatar | 36.7 | 67.7 | 134 | 41.8 | 4.4% |
| Tunisia | N/A | 12.7 | 0.1 | 41.8 | 81.4% |
| Libya | N/A | N/A | N/A | 38.5 | 0% |
| Belgium | N/A | N/A | 1,101 | N/A | 0% |
| Others | 22.4 | 69.2 | 146 | 190 | 103.9% |
| Total | 124 | 238 | 3,399 | 2,288 | 164.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate from India in 2022:
- Egypt (845.3 tons)
- United Arab Emirates (198.6 tons)
- Tanzania (72.0 tons)
- Uganda (67.1 tons)
- Kenya (66.9 tons)
- Lebanon (47.0 tons)
- Sri Lanka (41.8 tons)
- Bangladesh (40.0 tons)
- Singapore (30.4 tons)
- Qatar (28.0 tons)
- Tunisia (24.7 tons)
- Libya (24.0 tons)
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