Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Spain - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Spain (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Spain (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Spain
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Spain
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Spain (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $1,384 per ton in September 2023, rising by 8.8% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 23% against the previous month. As a result, import price reached the peak level of $1,662 per ton. From January 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($4,360 per ton), while the price for Belgium ($1,260 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 China (+12.8%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Spain (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $2,253 per ton in 2022, picking up by 34% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates increased by +114.6% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 60%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($2,610 per ton), while the average price for exports to the Netherlands ($1,606 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 Netherlands (+16.1%), 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 Spain
Imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates into Spain reduced to 19K tons in 2022, which is down by -11.2% against 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of 22K tons, and then dropped in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates declined slightly to $31M in 2022. In general, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 110%. As a result, imports reached the peak of $32M, and then declined in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2.4 | 2.9 | 6.5 | 11.1 | 66.6% |
| Germany | 13.5 | 10.1 | 14.8 | 10.7 | -7.5% |
| China | 0.9 | 0.1 | 0.7 | 3.1 | 51.0% |
| Turkey | N/A | N/A | 1.3 | 1.3 | 0.0% |
| Netherlands | 0.2 | 0.2 | 1.1 | 1.3 | 86.6% |
| Russia | 0.1 | N/A | 2.2 | 1.3 | 135.1% |
| Czech Republic | N/A | N/A | 1.0 | 1.0 | 0.0% |
| France | 1.8 | 1.6 | 3.5 | 0.2 | -51.9% |
| Others | 0.3 | 0.2 | 0.8 | 1.0 | 49.4% |
| Total | 19.4 | 15.2 | 31.9 | 30.9 | 16.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to Spain in 2022:
- Germany (7.7K tons)
- Belgium (6.7K tons)
- China (1.8K tons)
- Russia (0.8K tons)
- Turkey (0.6K tons)
- Netherlands (0.6K tons)
- Czech Republic (0.5K tons)
- France (0.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Spain
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; n-butyl acetates decreased by -54.2% to 987 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a dramatic decline. The growth pace was the most rapid in 2020 when exports increased by 1.6% against the previous year. As a result, the exports attained the peak of 2.2K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates shrank dramatically to $2.2M in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 55%. As a result, the exports attained the peak of $3.6M, and then shrank sharply in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 451 | 428 | 1,331 | 707 | 16.2% |
| Portugal | 1,344 | 877 | 737 | 538 | -26.3% |
| Morocco | 194 | 440 | 805 | 426 | 30.0% |
| Italy | 52.8 | 48.6 | 395 | 305 | 79.4% |
| Netherlands | 51.1 | 20.9 | N/A | 28.9 | -17.3% |
| Algeria | 105 | 243 | 56.0 | N/A | -27.0% |
| Others | 480 | 273 | 290 | 220 | -22.9% |
| Total | 2,679 | 2,331 | 3,614 | 2,224 | -6.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate from Spain in 2022:
- France (314.3 tons)
- Portugal (246.6 tons)
- Italy (178.0 tons)
- Morocco (173.0 tons)
- Netherlands (18.0 tons)
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