China - Acrylic Acid And Its Salts And Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonocarboxylic Acid Price in China - 2023
Contents:
- Monocarboxylic Acid Price in China (FOB) - 2023
- Monocarboxylic Acid Price in China (CIF) - 2022
- Monocarboxylic Acid Exports in China
- Monocarboxylic Acid Imports in China
Monocarboxylic Acid Price in China (FOB) - 2023
In June 2023, the average monocarboxylic acid export price amounted to $2,710 per ton, falling by -4% against the previous month. In general, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in July 2022 an increase of 65% against the previous month. As a result, the export price reached the peak level of $6,009 per ton. From August 2022 to June 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Indonesia ($5,755 per ton), while the average price for exports to Egypt ($990 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+6.1%), while the prices for the other major destinations experienced a decline.
Monocarboxylic Acid Price in China (CIF) - 2022
In 2022, the average monocarboxylic acid import price amounted to $2,694 per ton, surging by 17% against the previous year. Overall, import price indicated tangible growth 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, monocarboxylic acid import price increased by +75.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 51%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($7,540 per ton), while the price for Malaysia ($956 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Monocarboxylic Acid Exports in China
In 2022, monocarboxylic acid exports from China reached 245K tons, surging by 6.7% compared with the year before. The total export volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, monocarboxylic acid exports skyrocketed to $1.2B in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Monocarboxylic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 134 | 99.9 | 208 | 227 | 19.2% |
| United States | 149 | 131 | 143 | 171 | 4.7% |
| Brazil | 24.9 | 30.3 | 33.5 | 108 | 63.1% |
| Mexico | 72.5 | 46.2 | 53.2 | 68.1 | -2.1% |
| Belgium | 21.1 | 21.6 | 29.3 | 32.1 | 15.0% |
| Spain | 17.1 | 15.6 | 25.0 | 30.5 | 21.3% |
| South Korea | 19.2 | 25.8 | 23.1 | 27.9 | 13.3% |
| Indonesia | 20.8 | 16.9 | 23.8 | 26.5 | 8.4% |
| Netherlands | 18.2 | 17.6 | 24.3 | 26.0 | 12.6% |
| Russia | 16.5 | 20.5 | 25.5 | 25.3 | 15.3% |
| Germany | 23.4 | 20.2 | 26.4 | 24.3 | 1.3% |
| Turkey | 9.8 | 8.8 | 13.1 | 17.3 | 20.9% |
| United Arab Emirates | 2.4 | 2.7 | 6.7 | 11.8 | 70.0% |
| Others | 296 | 273 | 349 | 393 | 9.9% |
| Total | 825 | 730 | 985 | 1,190 | 13.0% |
Top Export Markets for Monocarboxylic Acid from China in 2022:
- India (39.6K tons)
- United States (28.7K tons)
- South Korea (13.2K tons)
- Brazil (11.2K tons)
- Indonesia (8.1K tons)
- Mexico (7.8K tons)
- Belgium (6.0K tons)
- Netherlands (5.8K tons)
- Spain (5.8K tons)
- Turkey (5.4K tons)
- United Arab Emirates (5.4K tons)
- Germany (5.2K tons)
- Russia (4.7K tons)
Monocarboxylic Acid Imports in China
In 2022, overseas purchases of acrylic acid and its salts and other monocarboxylic acid decreased by -4.3% to 43K tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by 11%. As a result, imports reached the peak of 70K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, monocarboxylic acid imports expanded markedly to $115M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Monocarboxylic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 36.7 | 38.9 | 30.6 | 55.8 | 15.0% |
| Japan | 34.0 | 19.9 | 28.5 | 21.4 | -14.3% |
| South Korea | 9.9 | 19.5 | 19.4 | 17.3 | 20.4% |
| Malaysia | 8.7 | 15.0 | 12.3 | 7.7 | -4.0% |
| Indonesia | 8.1 | 4.3 | N/A | N/A | -46.9% |
| Others | 9.9 | 9.5 | 12.0 | 12.8 | 8.9% |
| Total | 107 | 107 | 103 | 115 | 2.4% |
Top Suppliers of Monocarboxylic Acid to China in 2022:
- Indonesia (undefinedK tons)
- Japan (18.2K tons)
- Malaysia (8.1K tons)
- India (7.4K tons)
- South Korea (6.9K tons)
This report provides an in-depth analysis of the monocarboxylic acid market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143310 - Acrylic acid and its salts and other monocarboxylic acid
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In April 2023, the monocarboxylic acid price amounted to $3,263 per ton (FOB, China), shrinking by -6.3% against the previous month.
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In April 2023, the monocarboxylic acid price amounted to $3,263 per ton (FOB, China), shrinking by -6.3% against the previous month.
