Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Japan - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Japan (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Japan (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Japan
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Japan
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Japan (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $3,939 per ton, falling by -24.2% against the previous year. Overall, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 41% against the previous year. The import price peaked at $8,099 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($6,992 per ton), while the price for China ($3,792 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.1%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Japan (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $2,620 per ton in 2022, with an increase of 25% against the previous year. Overall, the export price posted a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 30% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($18,252 per ton), while the average price for exports to Thailand ($1,414 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.6%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Japan
Imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids into Japan surged to 508 tons in 2022, with an increase of 30% against 2021 figures. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids shrank modestly to $2M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.9% 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 +68.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 43%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,122 | 795 | 1,356 | 1,793 | 16.9% |
| India | N/A | 781 | 630 | 116 | -61.5% |
| Thailand | 45.6 | 44.1 | 16.2 | 52.9 | 5.1% |
| Taiwan (Chinese) | 11.1 | 14.0 | 19.0 | 17.2 | 15.7% |
| Others | 10.3 | 59.3 | 3.7 | 21.5 | 27.8% |
| Total | 1,189 | 1,694 | 2,026 | 2,000 | 18.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Japan in 2022:
- China (472.8 tons)
- India (20.2 tons)
- Thailand (7.6 tons)
- Taiwan (Chinese) (6.2 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Japan
In 2022, approx. 198 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were exported from Japan; waning by -21% against 2021. Overall, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids fell to $520K in 2022. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 535 | 270 | 402 | 243 | -23.1% |
| China | 156 | 56.0 | 40.3 | 119 | -8.6% |
| Singapore | 13.3 | 27.9 | 22.1 | 69.7 | 73.7% |
| Malaysia | 42.4 | 43.3 | 42.1 | 51.6 | 6.8% |
| Thailand | N/A | N/A | N/A | 11.1 | 0% |
| Others | 4.4 | 12.1 | 21.5 | 25.9 | 80.6% |
| Total | 752 | 410 | 528 | 520 | -11.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Japan in 2022:
- United States (122.5 tons)
- China (54.3 tons)
- Malaysia (9.2 tons)
- Thailand (7.8 tons)
- Singapore (3.8 tons)
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