Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Indonesia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Indonesia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Indonesia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Indonesia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Indonesia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Indonesia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,499 per ton in 2022, growing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2021 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($7,620 per ton), while the price for Belgium ($1,784 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Indonesia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $3,437 per ton in 2022, reducing by -1.9% against the previous year. Overall, the export price, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of 52%. The export price peaked at $4,091 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
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 Singapore ($95,464 per ton), while the average price for exports to Kuwait ($921 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 Singapore (+29.0%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Indonesia
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -0.7% to 4.4K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a noticeable decline. The growth pace was the most rapid in 2020 with an increase of 2.2% against the previous year. As a result, imports reached the peak of 5.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $11M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Indonesia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 0.8 | 1.3 | 1.9 | 2.8 | 51.8% |
United States | 2.1 | 2.0 | 1.3 | 2.4 | 4.6% |
Netherlands | 3.2 | 3.1 | 2.6 | 1.5 | -22.3% |
Italy | 0.6 | 0.4 | 0.1 | 0.9 | 14.5% |
Canada | 0.7 | 0.7 | 0.7 | 0.5 | -10.6% |
Thailand | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
South Africa | 0.2 | 0.3 | 0.4 | 0.3 | 14.5% |
Others | 2.3 | 1.6 | 2.4 | 2.1 | -3.0% |
Total | 10.2 | 9.6 | 9.7 | 10.9 | 2.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Indonesia in 2022:
- China (1549.6 tons)
- Netherlands (761.9 tons)
- United States (747.9 tons)
- Italy (486.2 tons)
- Canada (182.9 tons)
- Thailand (179.6 tons)
- South Africa (118.2 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Indonesia
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses exported from Indonesia surged to 20 tons, picking up by 280% against 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 564% against the previous year. 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; propionic acid, its salts and esterses soared to $67K in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 589%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Indonesia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 2.9 | 1.4 | 10.5 | 37.4 | 134.5% |
Philippines | 2.4 | 1.1 | 7.3 | 20.9 | 105.7% |
Belgium | N/A | N/A | N/A | 7.6 | 0% |
Kuwait | N/A | N/A | N/A | 0.4 | 0% |
Others | 0.6 | 0.1 | 0.3 | 1.1 | 22.4% |
Total | 5.9 | 2.6 | 18.1 | 67.4 | 125.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Indonesia in 2022:
- Philippines (18.0 tons)
- Kuwait (0.5 tons)
- Singapore (0.4 tons)
- Belgium (0.3 tons)
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