Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in China - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in China (FOB) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in China (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in China
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in China
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in China (FOB) - 2023
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,006 per ton, surging by 9.2% against the previous month. In general, the export price showed a relatively flat trend pattern. The export price peaked at $1,039 per ton in April 2023; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the Netherlands ($2,500 per ton), while the average price for exports to Japan ($873 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in China (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $4,842 per ton in 2022, with an increase of 93% against the previous year. In general, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 179%. The import price peaked at $5,498 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($14,737 per ton), while the price for Japan ($2,473 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in China
Exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates from China rose slightly to 125K tons in 2022, increasing by 4.8% on 2021. Overall, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates dropped to $159M in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 206%. As a result, the exports reached the peak of $175M, and then dropped in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 24.3 | 22.3 | 38.1 | 39.1 | 17.2% |
| Turkey | 1.6 | 0.7 | 29.1 | 20.1 | 132.5% |
| India | 1.9 | 4.6 | 16.9 | 14.7 | 97.8% |
| Egypt | 5.7 | 1.7 | 11.9 | 7.8 | 11.0% |
| Belgium | 0.7 | N/A | 3.3 | 7.3 | 118.5% |
| Indonesia | 1.8 | 1.3 | 7.1 | 6.8 | 55.7% |
| Japan | 6.5 | 3.9 | 7.5 | 6.6 | 0.5% |
| South Korea | 2.0 | 1.6 | 6.1 | 5.4 | 39.2% |
| Netherlands | 0.1 | N/A | 5.1 | 5.2 | 273.3% |
| United Arab Emirates | 2.9 | 3.2 | 9.0 | 4.8 | 18.3% |
| Thailand | 3.2 | 3.9 | 8.5 | 4.3 | 10.4% |
| Peru | 3.4 | 1.2 | 0.9 | 4.0 | 5.6% |
| Others | 17.2 | 12.8 | 31.7 | 32.5 | 23.6% |
| Total | 71.4 | 57.2 | 175 | 159 | 30.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate from China in 2022:
- Vietnam (32.4K tons)
- Turkey (16.2K tons)
- India (11.5K tons)
- Belgium (6.7K tons)
- Egypt (5.7K tons)
- Netherlands (5.5K tons)
- Japan (5.4K tons)
- South Korea (4.6K tons)
- Indonesia (4.1K tons)
- United Arab Emirates (3.9K tons)
- Thailand (3.6K tons)
- Peru (2.7K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in China
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; n-butyl acetates decreased by -76.1% to 1.7K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by 334% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates declined rapidly to $8.1M in 2022. In general, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 84% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.8 | 3.5 | 4.6 | 4.6 | 6.6% |
| Taiwan (Chinese) | 1.4 | 1.5 | 2.1 | 2.5 | 21.3% |
| United Kingdom | N/A | 0.4 | 0.3 | 0.4 | 0.0% |
| Japan | 0.1 | N/A | 0.3 | 0.2 | 26.0% |
| Malaysia | N/A | 4.8 | 9.9 | N/A | 106.3% |
| Others | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Total | 5.8 | 10.6 | 17.6 | 8.1 | 11.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to China in 2022:
- South Korea (878.1 tons)
- Taiwan (Chinese) (636.9 tons)
- Japan (91.6 tons)
- United Kingdom (46.4 tons)
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