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

Contents:

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

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

In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,963 per ton, picking up by 34% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates increased by +101.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($1,963 per ton) and Malaysia ($1,963 per ton), while the price for Singapore ($1,963 per ton) and Taiwan (Chinese) ($1,963 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,795 per ton, with an increase of 21% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +83.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 51%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($1,795 per ton), while the average price for exports to Cambodia ($1,795 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 Malaysia (+116.6%), 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 Vietnam

In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; n-butyl acetates decreased by -30.1% to 24K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, imports reached the peak of 44K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates fell to $48M in 2022. The total import value increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19%. As a result, imports attained the peak of $51M, and then fell in the following year.

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

1. China (20.3K tons)
2. Malaysia (2.0K tons)
3. Taiwan (Chinese) (1.4K tons)
4. Singapore (0.2K tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of acids; saturated acyclic monocarboxylic acids; n-butyl acetates, when their volume decreased by -56.2% to 592 tons. Over the period under review, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 77%.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates shrank sharply to $1.1M in 2022. In general, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 74% against the previous year. As a result, the exports attained the peak of $2M, and then fell significantly in the following year.

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

1. Cambodia (513.1 tons)
2. Myanmar (36.1 tons)
3. Australia (30.1 tons)

Source: IndexBox Market Intelligence Platform