Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Indonesia - 2022

Contents:

1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Indonesia (CIF) - 2022
2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Indonesia (FOB) - 2022
3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Indonesia
4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Indonesia

Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Indonesia (CIF) - 2022

The average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $1,547 per ton in March 2022, with an increase of 2.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in April 2021 when the average import price increased by 52% against the previous month. The import price peaked at $2,217 per ton in September 2021; however, from October 2021 to March 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was China ($1,697 per ton), while the price for Singapore ($1,440 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Indonesia (FOB) - 2022

In September 2021, the average export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,953 per ton, almost unchanged from the previous month. Over the period from January 2021 to September 2021, it increased at an average monthly rate of +5.2%. The pace of growth appeared the most rapid in April 2021 when the average export price increased by 18% month-to-month. Over the period under review, the average export prices reached the maximum at $1,966 per ton in August 2021, and then declined slightly in the following month.

Average prices varied noticeably for the major export markets. In September 2021, the country with the highest price was Singapore ($1,965 per ton), while the average price for exports to Sri Lanka amounted to $1,941 per ton.

From January 2021 to September 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Indonesia

In 2022, approx. 13K tons of acids; saturated acyclic monocarboxylic acids; n-butyl acetates were imported into Indonesia; with a decrease of -20.3% compared with the year before. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 94% against the previous year. As a result, imports attained the peak of 16K tons, and then shrank remarkably in the following year.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates expanded modestly to $19M in 2022. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 161%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to Indonesia in 2022:

1. Malaysia (5.2K tons)
2. China (5.0K tons)
3. Singapore (2.8K tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Indonesia

In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; n-butyl acetates decreased by -88.1% to 260 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 247% against the previous year. As a result, the exports reached the peak of 9.1K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates reduced remarkably to $291K in 2022. Over the period under review, exports recorded a dramatic slump. The pace of growth was the most pronounced in 2020 when exports increased by 191% against the previous year. As a result, the exports attained the peak of $8.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate from Indonesia in 2022:

1. Myanmar (115.2 tons)
2. Vietnam (57.6 tons)
3. Sri Lanka (57.6 tons)
4. India (28.8 tons)
5. Singapore (1.0 tons)

Source: IndexBox Market Intelligence Platform