Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in China - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in China (FOB) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in China (CIF) - 2024
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in China
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in China
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in China (FOB) - 2024
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $2,114 per ton, approximately mirroring the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average export price increased by 15% month-to-month. The export price peaked at $2,277 per ton in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,569 per ton), while the average price for exports to India ($1,516 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in China (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $1,957 per ton in September 2023, increasing by 2.6% against the previous month. Overall, the import price, however, showed a mild reduction. The most prominent rate of growth was recorded in June 2023 an increase of 30% against the previous month. As a result, import price reached the peak level of $3,103 per ton. From July 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was India ($3,947 per ton), while the price for the United States ($1,458 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in China
For the fourth consecutive year, China recorded growth in shipments abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses, which increased by 15% to 44K tons in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.5% 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 +54.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses expanded remarkably to $144M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.7% 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 +67.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 10.7 | 11.0 | 20.2 | 19.0 | 21.1% |
| United States | 14.6 | 12.5 | 16.6 | 19.0 | 9.2% |
| Indonesia | 4.2 | 5.0 | 8.4 | 8.5 | 26.5% |
| Vietnam | 2.4 | 3.5 | 6.6 | 8.3 | 51.2% |
| Spain | 5.1 | 4.9 | 7.2 | 5.7 | 3.8% |
| Singapore | 8.6 | 7.6 | 4.9 | 5.5 | -13.8% |
| Russia | 1.2 | 1.7 | 3.0 | 5.5 | 66.1% |
| South Korea | 3.1 | 2.5 | 7.8 | 5.3 | 19.6% |
| Thailand | 0.7 | 1.3 | 2.5 | 4.0 | 78.8% |
| Egypt | 1.7 | 1.3 | 1.5 | 2.9 | 19.5% |
| Belgium | 0.3 | 0.3 | 0.4 | 2.8 | 110.5% |
| United Arab Emirates | 1.5 | 1.3 | 2.2 | 2.6 | 20.1% |
| Philippines | 0.5 | 1.2 | 2.1 | 2.1 | 61.3% |
| Others | 31.4 | 35.3 | 47.8 | 52.9 | 19.0% |
| Total | 86.1 | 89.3 | 131 | 144 | 18.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from China in 2022:
- India (7.0K tons)
- Vietnam (3.3K tons)
- Indonesia (2.6K tons)
- United States (2.2K tons)
- Russia (2.2K tons)
- South Korea (1.8K tons)
- Thailand (1.6K tons)
- Spain (1.5K tons)
- Egypt (1.2K tons)
- Belgium (1.2K tons)
- Singapore (1.1K tons)
- United Arab Emirates (1.1K tons)
- Philippines (0.9K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in China
In 2022, approx. 12K tons of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses were imported into China; which is down by -44.9% on the year before. In general, imports showed a sharp slump. The smallest decline of -11% was in 2021.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses declined notably to $30M in 2022. Overall, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.7 | 15.7 | 21.5 | 13.8 | -6.2% |
| Germany | 5.8 | 5.7 | 10.4 | 6.7 | 4.9% |
| Netherlands | 5.3 | 4.9 | 4.5 | 3.0 | -17.3% |
| Sweden | 0.8 | 1.1 | 1.3 | 1.3 | 17.6% |
| Singapore | 16.5 | 7.7 | 2.3 | N/A | -62.7% |
| Others | 3.8 | 4.0 | 5.5 | 4.8 | 8.1% |
| Total | 48.9 | 39.1 | 45.5 | 29.5 | -15.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to China in 2022:
- United States (7.2K tons)
- Germany (2.7K tons)
- Netherlands (1.0K tons)
- Sweden (0.5K tons)
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