Which Country Exports the Most Saturated Acyclic Monocarboxylic Acids in the World?
Basic Chemicals May 28, 2018
Global acyclic acid exports amounted to 8.9M tonnes in 2016, descending by -16.7% against the previous year level. In general, acyclic acid exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when exports increased by 19% year-to-year. Global acyclic acid export peaked of 11M tonnes in 2014; however, from 2015 to 2016, it failed to regain its strength.
In value terms, acyclic acid exports totaled $11B in 2016. The total export value increased at an average annual rate of +1.1% from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Global acyclic acid export peaked of $14B in 2014; however, from 2015 to 2016, it failed to regain its strength.
Top Acyclic Acid Exporting Countries in the World
1. Belgium (1,479.2 million USD)
2. China (1,394.5 million USD)
3. Germany (909.9 million USD)
4. Singapore (748.2 million USD)
5. Malaysia (744.1 million USD)
6. Netherlands (574.7 million USD)
7. Indonesia (499.0 million USD)
8. India (496.6 million USD)
9. Saudi Arabia (360.9 million USD)
10. United Kingdom (326.3 million USD)
11. Mexico (207.3 million USD)
12. South Korea (146.2 million USD)
Acyclic Acid Exports By Country
In 2016, China (1.9M tonnes), and Belgium (1.8M tonnes) represented the key exporters of acyclic acid in the globe, together making up 41% of total exports. Malaysia (860K tonnes) ranks second globally in acyclic acid exports with a 10% share, following Singapore (7%), Germany (7%), and Saudi Arabia (6%). The Netherlands (387K tonnes), Indonesia (387K tonnes), the UK (274K tonnes), India (271K tonnes), Mexico (214K tonnes), and South Korea (198K tonnes) followed a long way behind this figure.
From 2007 to 2016, the most notable growth rate of acyclic acid exports, among the main exporting countries, was attained by Saudi Arabia (+123.4% per year), while the other global leaders experienced more modest paces of growth.
In value terms, Belgium ($1.5B), China ($1.4B) and Germany ($910M) were the countries with the highest levels of exports in 2016, together accounting for 35% of global exports. These countries were followed by Singapore, Malaysia, the Netherlands, Indonesia, India, Saudi Arabia, the UK, Mexico and South Korea, which together accounted for a further 38%.
Saudi Arabia (+107.7% per year) had the highest rates of growth with regard to the acyclic acid exports, in terms of the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.
Acyclic Acid Export Prices By Country
The average acyclic acid export price stood at $1,207 per tonne in 2016, increasing by 11% against the previous year. In general, acyclic acid export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, an increase of 19% from the previous year level. Over the period under review, average acyclic acid export price attained its maximum level of $1,292 per tonne in 2008; however, from 2009 to 2016, it stood at a somewhat lower level.
Export prices varied noticeably by country of destination. the country with the highest export prices was India ($1,836 per tonne), while Saudi Arabia ($705 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of acyclic acid export prices was attained by Singapore (+3.2% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global acyclic acid market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- acyclic acid market share
- acyclic acid prices
- acyclic acid industry
- acyclic acid sales
- acyclic acid import
- acyclic acid export
- acyclic acid market forecast
- acyclic acid price forecast
- key acyclic acid producers
All data provided in this article covers the following product: HS Code 2915 - Acids; saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives.
Source: World: Saturated Acyclic Monocarboxylic Acids - Market Report. Analysis and Forecast to 2025
