Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Germany - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Germany (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Germany (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Germany
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Germany
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Germany (CIF) - 2023
In October 2023, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $1,227 per ton, surging by 15% against the previous month. Overall, the import price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in March 2023 an increase of 27% against the previous month. The import price peaked at $1,528 per ton in April 2023; however, from May 2023 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was South Korea ($1,399 per ton), while the price for the United States totaled $1,160 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by South Korea (-2.3%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Germany (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $1,790 per ton, jumping by 26% against the previous year. Overall, the export price recorded noticeable growth. The most prominent rate of growth was recorded in 2021 an increase of 84%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($2,346 per ton), while the average price for exports to the Netherlands ($759 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 Poland (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Germany
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -11.5% to 187K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 11%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates surged to $368M in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 85%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 43.8 | 114 | 260 | 347 | 99.4% |
| Netherlands | 2.0 | 7.0 | 15.5 | 11.3 | 78.1% |
| United States | 46.8 | 4.6 | 9.3 | 7.0 | -46.9% |
| Saudi Arabia | 27.2 | 8.5 | 7.6 | 0.2 | -80.6% |
| Singapore | 18.3 | 0.6 | 0.2 | 0.1 | -82.4% |
| United Kingdom | 6.5 | 24.9 | N/A | N/A | 283.1% |
| Taiwan (Chinese) | 23.1 | 1.1 | 2.3 | N/A | -68.4% |
| Others | 5.2 | 1.8 | 5.3 | 2.8 | -18.6% |
| Total | 173 | 162 | 301 | 368 | 28.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Germany in 2022:
- Belgium (177.7K tons)
- Netherlands (5.2K tons)
- United States (3.2K tons)
- Saudi Arabia (0.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Germany
In 2022, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates from Germany declined notably to 32K tons, dropping by -32.2% compared with 2021 figures. Overall, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates declined to $58M in 2022. Over the period under review, exports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 122% against the previous year. As a result, the exports attained the peak of $68M, and then reduced in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 10.4 | 9.1 | 29.1 | 33.0 | 46.9% |
| Belgium | 40.6 | 13.1 | 16.2 | 13.0 | -31.6% |
| Switzerland | 6.6 | 2.7 | 10.2 | 7.7 | 5.3% |
| Poland | 3.0 | 3.5 | 5.6 | 3.9 | 9.1% |
| Others | 2.4 | 2.0 | 6.6 | 0.2 | -56.3% |
| Total | 63.0 | 30.5 | 67.8 | 57.8 | -2.8% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from Germany in 2022:
- Italy (14.7K tons)
- Belgium (11.9K tons)
- Switzerland (3.8K tons)
- Poland (1.6K tons)
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