Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Turkey - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Turkey (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Turkey (FOB) - 2024
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Turkey
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Turkey
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Turkey (CIF) - 2024
In September 2023, the average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,074 per ton, growing by 6.7% against the previous month. In general, the import price, however, saw a mild contraction. The growth pace was the most rapid in April 2023 when the average import price increased by 15% month-to-month. As a result, import price reached the peak level of $1,239 per ton. From May 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 ($4,283 per ton), while the price for Russia ($1,011 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Turkey (FOB) - 2024
The average export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $1,313 per ton in September 2023, surging by 8.2% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was the United States ($2,475 per ton), while the average price for exports to Bulgaria ($1,123 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.5%), 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 Turkey
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; n-butyl acetates decreased by -9% to 34K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 81%. As a result, imports attained the peak of 38K tons, and then shrank in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates declined to $53M in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 204% against the previous year. As a result, imports reached the peak of $54M, and then dropped modestly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 0.9 | 28.1 | 27.6 | 144.0% |
| Russia | 12.6 | 13.2 | 21.7 | 16.1 | 8.5% |
| United States | 1.1 | 1.4 | 0.8 | 5.8 | 74.1% |
| Belgium | 1.7 | 1.2 | 2.6 | 3.5 | 27.2% |
| Germany | 2.4 | 1.1 | 0.9 | 0.2 | -56.3% |
| Others | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Total | 19.8 | 17.8 | 54.1 | 53.2 | 39.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to Turkey in 2022:
- China (18.2K tons)
- Russia (10.8K tons)
- United States (3.7K tons)
- Belgium (1.6K tons)
- Germany (0.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Turkey
For the fourth consecutive year, Turkey recorded growth in overseas shipments of acids; saturated acyclic monocarboxylic acids; n-butyl acetates, which increased by 13% to 13K tons in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 322% 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 soared to $22M in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 609%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 4.1 | 5.0 | 22.0% |
| Bulgaria | 0.8 | 0.6 | 3.8 | 4.0 | 71.0% |
| Spain | N/A | N/A | 1.5 | 3.6 | 140.0% |
| Egypt | 0.3 | 0.9 | 0.8 | 2.3 | 97.2% |
| Germany | N/A | N/A | 1.1 | 1.2 | 9.1% |
| Greece | 0.6 | 0.4 | 0.6 | 0.9 | 14.5% |
| Romania | N/A | N/A | 0.9 | 0.8 | -11.1% |
| Poland | N/A | N/A | 1.1 | 0.8 | -27.3% |
| Belgium | N/A | N/A | 0.4 | 0.7 | 75.0% |
| Netherlands | N/A | 0.1 | 1.0 | 0.6 | 144.9% |
| Others | 0.5 | 0.6 | 3.6 | 2.4 | 68.7% |
| Total | 2.3 | 2.7 | 18.8 | 22.4 | 113.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate from Turkey in 2022:
- Italy (2.9K tons)
- Bulgaria (2.4K tons)
- Spain (2.0K tons)
- Egypt (1.4K tons)
- Germany (0.8K tons)
- Romania (0.5K tons)
- Poland (0.5K tons)
- Greece (0.5K tons)
- Netherlands (0.4K tons)
- Belgium (0.4K tons)
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