Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Belgium - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Belgium (FOB) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Belgium (CIF) - 2023
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Belgium
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Belgium
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Belgium (FOB) - 2023
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,285 per ton, flattening at the previous month. Overall, the export price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 4.5% against the previous month. As a result, the export price attained the peak level of $1,861 per ton. From January 2023 to September 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In September 2023, the highest price was recorded for prices to Canada ($1,462 per ton) and Turkey ($1,387 per ton), while the average price for exports to the UK ($1,216 per ton) and the Dominican Republic ($1,292 per ton) were amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Belgium (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $1,335 per ton in September 2023, rising by 4.5% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 15% against the previous month. As a result, import price attained the peak level of $1,439 per ton. From May 2023 to September 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to September 2023, the rate of growth in terms of prices for the Netherlands amounted to -0.6% per month.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Belgium
After three years of growth, shipments abroad of acids; saturated acyclic monocarboxylic acids; n-butyl acetates decreased by -39.3% to 48K tons in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 91% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates contracted notably to $95M in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 170% against the previous year. As a result, the exports attained the peak of $119M, and then reduced dramatically in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.2 | 8.6 | 22.0 | 25.3 | 69.4% |
| Italy | 5.6 | 8.5 | 25.6 | 15.4 | 40.1% |
| Netherlands | 2.5 | 5.0 | 17.8 | 14.4 | 79.3% |
| Spain | 2.5 | 4.5 | 10.6 | 7.8 | 46.1% |
| France | 2.5 | 4.1 | 11.1 | 6.0 | 33.9% |
| United Kingdom | 2.6 | 3.8 | 6.1 | 5.1 | 25.2% |
| Austria | 0.7 | 1.4 | 3.9 | 4.4 | 84.6% |
| United States | 0.6 | 1.4 | 4.7 | 3.4 | 78.3% |
| Others | 4.2 | 6.9 | 17.3 | 13.7 | 48.3% |
| Total | 26.3 | 44.2 | 119 | 95.4 | 53.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate from Belgium in 2022:
- Germany (12.9K tons)
- Italy (7.6K tons)
- Netherlands (7.4K tons)
- Spain (3.9K tons)
- France (2.9K tons)
- United Kingdom (2.7K tons)
- Austria (2.2K tons)
- United States (1.7K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Belgium
Imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates into Belgium surged to 6.4K tons in 2022, growing by 29% compared with 2021. Overall, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 201% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates surged to $11M in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 363% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 247 | 46.4 | 2,103 | 7,057 | 205.7% |
| Germany | 1,197 | 779 | 1,616 | 1,539 | 8.7% |
| Poland | 90.7 | 169 | 1,054 | 864 | 112.0% |
| Netherlands | 515 | 198 | 1,327 | 483 | -2.1% |
| Turkey | N/A | N/A | 60.8 | 297 | 388.5% |
| Czech Republic | 613 | 93.9 | 911 | 139 | -39.0% |
| Russia | 418 | 38.1 | 828 | 127 | -32.8% |
| United States | 738 | 274 | 2.2 | N/A | -94.5% |
| Others | 227 | 186 | 360 | 251 | 3.4% |
| Total | 4,047 | 1,784 | 8,261 | 10,757 | 38.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to Belgium in 2022:
- China (4775.8 tons)
- Germany (673.9 tons)
- Poland (412.2 tons)
- Netherlands (219.8 tons)
- Turkey (169.9 tons)
- Russia (69.5 tons)
- Czech Republic (51.0 tons)
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