Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Singapore - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Singapore (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Singapore (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Singapore
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Singapore
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Singapore (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $39,812 per ton in September 2022, declining by -35.1% against the previous month. In general, the import price, however, showed a moderate increase. The most prominent rate of growth was recorded in August 2022 an increase of 132% m-o-m. As a result, import price reached the peak level of $61,343 per ton, and then fell sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Spain ($107K per ton), while the price for Mexico ($12,673 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by France (+59.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Singapore (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $4,592 per ton, dropping by -32.2% against the previous year. Overall, the export price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 542%. The export price peaked at $11,140 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($9,621 per ton), while the average price for exports to India ($2,685 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 Arab Emirates (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Singapore
In 2022, after two years of decline, there was significant growth in supplies from abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids, when their volume increased by 21% to 78 tons. Over the period under review, imports, however, showed a precipitous slump.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids expanded to $1.9M in 2022. In general, imports, however, showed a slight reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1.6 | 118 | 802 | 874 | 717.5% |
| China | 660 | 456 | 479 | 385 | -16.4% |
| Spain | 824 | 530 | 177 | 201 | -37.5% |
| India | 10.7 | 4.1 | 3.0 | 96.5 | 108.2% |
| France | 73.8 | 67.3 | 60.8 | 73.5 | -0.1% |
| Germany | 81.2 | 81.7 | 123 | 61.1 | -9.0% |
| Mexico | 36.2 | 21.9 | 32.8 | 50.2 | 11.5% |
| United Kingdom | 222 | 48.4 | 53.9 | 4.1 | -73.6% |
| Others | 113 | 107 | 115 | 182 | 17.2% |
| Total | 2,023 | 1,434 | 1,847 | 1,927 | -1.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Singapore in 2022:
- China (29.9 tons)
- Switzerland (20.1 tons)
- India (7.8 tons)
- Mexico (5.4 tons)
- France (5.4 tons)
- Spain (3.3 tons)
- Germany (2.9 tons)
- United Kingdom (0.2 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Singapore
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; esters of formic acids exported from Singapore declined rapidly to 28 tons, shrinking by -28.5% against 2021 figures. Over the period under review, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 86%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids shrank sharply to $129K in 2022. In general, exports faced a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 86% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 65.2 | 19.8 | 65.7 | 34.6 | -19.0% |
| China | 10.9 | 6.1 | 15.1 | 33.0 | 44.7% |
| Indonesia | 11.2 | 10.2 | 29.8 | 20.2 | 21.7% |
| Thailand | 293 | 58.9 | 23.4 | 14.0 | -63.7% |
| South Korea | 6.6 | 6.0 | 11.8 | 10.8 | 17.8% |
| Philippines | 15.3 | 3.4 | N/A | 5.9 | -27.2% |
| United Kingdom | N/A | N/A | N/A | 2.6 | 0% |
| Papua New Guinea | 312 | N/A | N/A | N/A | 0% |
| Bangladesh | N/A | 3.2 | 105 | N/A | 3181.3% |
| Others | 261 | 35.7 | 15.7 | 8.3 | -68.3% |
| Total | 974 | 143 | 267 | 129 | -49.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Singapore in 2022:
- India (12.9 tons)
- Thailand (5.0 tons)
- China (3.9 tons)
- South Korea (2.4 tons)
- Indonesia (2.2 tons)
- Philippines (0.6 tons)
- United Kingdom (0.6 tons)
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