Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the Philippines - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the Philippines (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the Philippines
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the Philippines (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $1,442 per ton in 2022, remaining stable against the previous year. Overall, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 69%. The import price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,522 per ton), while the price for Malaysia ($1,402 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the Philippines
In 2022, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates into the Philippines shrank dramatically to 6K tons, declining by -32% against the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 136% against the previous year. As a result, imports attained the peak of 8.9K tons, and then declined notably in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates reduced rapidly to $8.7M in 2022. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 299%. As a result, imports reached the peak of $13M, and then shrank sharply in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 4.6 | 2.5 | 5.3 | 4.7 | 0.7% |
| China | 0.3 | 0.3 | 5.9 | 2.2 | 94.3% |
| Singapore | 0.7 | 0.3 | 1.5 | 1.7 | 34.4% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 5.7 | 3.2 | 12.7 | 8.7 | 15.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to the Philippines in 2022:
- Malaysia (3.4K tons)
- China (1.5K tons)
- Singapore (1.2K tons)
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