Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Portugal - 2023

Contents:

  1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Portugal (CIF) - 2023
  2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Portugal (FOB) - 2022
  3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Portugal
  4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Portugal

Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Portugal (CIF) - 2023

In September 2023, the average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,368 per ton, dropping by -31.8% against the previous month. Overall, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in August 2023 an increase of 48% against the previous month. As a result, import price attained the peak level of $2,005 per ton, and then fell notably in the following month.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($1,403 per ton), while the price for Spain ($1,366 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $2,547 per ton, with an increase of 34% against the previous year. In general, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of 58%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($3,402 per ton), while the average price for exports to Ghana ($1,498 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 Spain (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates into Portugal fell sharply to 2.1K tons in 2022, with a decrease of -51.4% against 2021. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 85% against the previous year. As a result, imports attained the peak of 4.3K tons, and then dropped markedly in the following year.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates plummeted to $4.1M in 2022. Overall, imports, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2021 with an increase of 185%. As a result, imports attained the peak of $6.6M, and then shrank significantly in the following year.

Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia3272981,46791540.9%
Czech Republic2133021,43373250.9%
Spain1,6851,0031,097617-28.5%
Netherlands10188.31,08056177.1%
ChinaN/A17.2350373365.7%
Germany15021014337235.4%
TurkeyN/AN/A617274-55.6%
Belgium346376253173-20.6%
Sweden745N/AN/AN/A0%
Others24.820.916156.831.8%
Total3,5922,3156,5994,0754.3%

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

  1. Russia (553.4 tons)
  2. Czech Republic (369.9 tons)
  3. Spain (312.1 tons)
  4. Netherlands (271.9 tons)
  5. China (190.7 tons)
  6. Germany (169.5 tons)
  7. Turkey (128.1 tons)
  8. Belgium (83.8 tons)

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

In 2022, exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates from Portugal soared to 265 tons, picking up by 16% on the year before. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 57%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates skyrocketed to $675K in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 148% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Export of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain24414234148125.4%
Angola18.129.045.4151102.8%
Ghana0.3N/A2.912.2243.9%
Others2.92.943.330.9120.0%
Total26517443367536.6%

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

  1. Spain (205.0 tons)
  2. Angola (44.3 tons)
  3. Ghana (8.2 tons)

Source: IndexBox Market Intelligence Platform

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