Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the United States - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the United States (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the United States (CIF) - 2024
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the United States
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the United States
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the United States (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,193 per ton in 2022, picking up by 15% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 22% against the previous year. The export price peaked at $1,252 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($1,860 per ton), while the average price for exports to South Korea ($643 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 Colombia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the United States (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,556 per ton in September 2023, shrinking by -27.5% against the previous month. Overall, the import price showed a noticeable decline. The pace of growth appeared the most rapid in April 2023 an increase of 21% month-to-month. The import price peaked at $3,528 per ton in August 2023, and then contracted significantly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($4,350 per ton), while the price for China ($1,681 per ton) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the United States
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -0.4% to 138K tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 6.8% against the previous year. As a result, the exports reached the peak of 144K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses rose sharply to $164M in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 17%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 18.6 | 15.7 | 34.5 | 32.9 | 20.9% |
| Netherlands | 29.1 | 26.4 | 26.9 | 23.1 | -7.4% |
| Canada | 14.0 | 14.2 | 16.9 | 17.3 | 7.3% |
| Brazil | 6.5 | 6.6 | 8.1 | 16.9 | 37.5% |
| China | 18.1 | 20.4 | 10.5 | 14.0 | -8.2% |
| Mexico | 13.9 | 9.1 | 9.3 | 13.0 | -2.2% |
| Colombia | 6.8 | 6.8 | 9.0 | 10.4 | 15.2% |
| Singapore | 2.0 | 1.7 | 3.6 | 6.1 | 45.0% |
| Spain | 3.2 | 2.4 | 4.0 | 5.0 | 16.0% |
| South Korea | 9.0 | 4.6 | 4.5 | 4.0 | -23.7% |
| Others | 21.7 | 14.8 | 16.0 | 21.7 | 0.0% |
| Total | 143 | 123 | 143 | 164 | 4.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from the United States in 2022:
- Belgium (29.5K tons)
- Netherlands (23.1K tons)
- China (16.0K tons)
- Canada (13.0K tons)
- Brazil (10.7K tons)
- Colombia (8.1K tons)
- Singapore (7.0K tons)
- Mexico (7.0K tons)
- South Korea (6.3K tons)
- Spain (3.8K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the United States
Imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses into the United States fell to 7.5K tons in 2022, dropping by -13.8% on the previous year's figure. Over the period under review, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 6.7% against the previous year. As a result, imports attained the peak of 8.6K tons, and then declined in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses soared to $32M in 2022. The total import value increased at an average annual rate of +11.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 7.9 | 6.6 | 7.1 | 9.3 | 5.6% |
| Mexico | 3.3 | 3.1 | 4.0 | 3.5 | 2.0% |
| China | 1.6 | 2.5 | 3.0 | 3.4 | 28.6% |
| India | 2.3 | 3.1 | 2.6 | 1.7 | -9.6% |
| Netherlands | 1.9 | 2.4 | 2.2 | 1.2 | -14.2% |
| United Kingdom | 0.6 | 0.8 | 0.8 | 1.0 | 18.6% |
| Belgium | 1.2 | 0.5 | 0.6 | 0.9 | -9.1% |
| Germany | 0.8 | 0.5 | 0.4 | 0.2 | -37.0% |
| Others | 3.5 | 2.6 | 4.4 | 10.7 | 45.1% |
| Total | 23.3 | 22.1 | 25.2 | 31.9 | 11.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to the United States in 2022:
- Canada (3669.2 tons)
- Mexico (1344.1 tons)
- India (564.6 tons)
- Netherlands (439.4 tons)
- Belgium (394.5 tons)
- China (344.0 tons)
- United Kingdom (271.2 tons)
- Germany (83.9 tons)
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