Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Canada - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Canada (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Canada (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Canada
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Canada
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Canada (CIF) - 2023
In December 2023, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $975 per ton, stabilizing at the previous month. In general, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 2.6% against the previous month. The import price peaked at $1,287 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to -2.2% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Canada (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $1,620 per ton, rising by 3% against the previous year. Over the period under review, the export price saw notable growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 45%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,660 per ton), while the average price for exports to Suriname totaled $764 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.0%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Canada
In 2022, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates into Canada totaled 54K tons, with an increase of 5.9% on the previous year. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates soared to $71M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 44.2 | 41.6 | 59.6 | 70.8 | 17.0% |
| Others | 1.1 | 1.9 | 0.9 | 0.3 | -35.2% |
| Total | 45.3 | 43.5 | 60.5 | 71.1 | 16.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Canada in 2022:
- United States (53.8K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Canada
For the third consecutive year, Canada recorded growth in overseas shipments of acids; saturated acyclic monocarboxylic acids; vinyl acetates, which increased by 1,747% to 743 tons in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates skyrocketed to $1.2M in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 21.7 | 63.1 | 1,179 | 637.1% | |
| Suriname | N/A | N/A | 25.3 | 0% | |
| Others | N/A | 0.2 | N/A | 0% | |
| Total | 21.7 | 63.3 | 1,204 | 644.9% | |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from Canada in 2022:
- United States (710.0 tons)
- Suriname (33.1 tons)
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