Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in India - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in India (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in India (FOB) - 2023
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in India
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in India
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in India (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $809 per ton in October 2023, surging by 3.8% against the previous month. Over the period under review, the import price, however, showed a noticeable descent. Over the period under review, average import prices attained the maximum at $1,389 per ton in October 2022; however, from November 2022 to October 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were China ($1,127 per ton) and Singapore ($865 per ton), while the price for Saudi Arabia ($755 per ton) and Belgium ($820 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.9%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in India (FOB) - 2023
The average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $940 per ton in October 2023, rising by 4.9% against the previous month. In general, the export price, however, recorded a pronounced reduction. The export price peaked at $1,686 per ton in October 2022; however, from November 2022 to October 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In October 2023, the highest price was recorded for prices to the United Arab Emirates ($1,089 per ton) and Kenya ($1,047 per ton), while the average price for exports to Egypt ($835 per ton) and Bangladesh ($875 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-2.0%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in India
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; vinyl acetates imported into India dropped to 201K tons, with a decrease of -6.9% on the year before. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48%. As a result, imports attained the peak of 216K tons, and then contracted in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates soared to $385M in 2022. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 161%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 83.2 | 61.6 | 153 | 199 | 33.7% |
| Saudi Arabia | 19.6 | 30.0 | 72.1 | 128 | 86.9% |
| China | 34.6 | 13.7 | 44.4 | 39.9 | 4.9% |
| South Korea | N/A | 4.7 | 20.5 | 11.9 | 59.1% |
| Others | 0.4 | 1.6 | 0.6 | 5.4 | 138.1% |
| Total | 138 | 111 | 291 | 385 | 40.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to India in 2022:
- Singapore (100.3K tons)
- Saudi Arabia (71.3K tons)
- China (21.0K tons)
- South Korea (5.8K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in India
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; vinyl acetates exported from India declined sharply to 1.4K tons, which is down by -72.6% on the year before. Over the period under review, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 356%. As a result, the exports reached the peak of 5.3K tons, and then reduced remarkably in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates reduced markedly to $2.7M in 2022. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 801% against the previous year. As a result, the exports reached the peak of $8.6M, and then contracted significantly in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 220 | 90.9 | 830 | 754 | 50.8% |
| United Arab Emirates | N/A | N/A | 262 | 656 | 150.4% |
| Sri Lanka | 181 | 160 | 1,019 | 555 | 45.3% |
| Bangladesh | 179 | 311 | 1,614 | 358 | 26.0% |
| Ethiopia | 286 | N/A | 117 | 257 | -3.5% |
| Egypt | 1,969 | N/A | N/A | 158 | -56.9% |
| Kenya | 224 | 174 | N/A | N/A | -22.3% |
| Morocco | 102 | 32.5 | 1,292 | N/A | 255.9% |
| Turkey | N/A | N/A | 2,696 | N/A | 0% |
| Others | 352 | 185 | 758 | 0.5 | -88.8% |
| Total | 3,513 | 953 | 8,588 | 2,738 | -8.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from India in 2022:
- Nepal (337.4 tons)
- United Arab Emirates (299.8 tons)
- Ethiopia (278.1 tons)
- Sri Lanka (245.8 tons)
- Bangladesh (179.4 tons)
- Egypt (99.6 tons)
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