Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Japan - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Japan (FOB) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Japan (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Japan
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Japan
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Japan (FOB) - 2023
In November 2023, the average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $831 per ton, with an increase of 5.7% against the previous month. Overall, the export price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in January 2023 an increase of 10% against the previous month. As a result, the export price attained the peak level of $1,204 per ton. From February 2023 to November 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In November 2023, the country with the highest price was Taiwan (Chinese) ($857 per ton), while the average price for exports to South Korea ($820 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.4%), while the prices for the other major destinations experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Japan (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $1,987 per ton in 2022, growing by 61% against the previous year. Over the period under review, the import price recorded buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,146 per ton), while the price for South Korea amounted to $1,934 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Japan
In 2022, approx. 73K tons of acids; saturated acyclic monocarboxylic acids; vinyl acetates were exported from Japan; falling by -28.9% on 2021. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 65%. As a result, the exports reached the peak of 103K tons, and then declined sharply in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates contracted slightly to $100M in 2022. Over the period under review, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 120%. As a result, the exports attained the peak of $102M, and then contracted modestly in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 39.4 | 16.4 | 34.1 | 52.0 | 9.7% |
| South Korea | 25.5 | 17.8 | 30.1 | 18.3 | -10.5% |
| Taiwan (Chinese) | 6.4 | 4.6 | 13.4 | 11.9 | 23.0% |
| Belgium | N/A | N/A | 9.4 | 6.3 | -33.0% |
| China | 4.6 | 5.5 | 3.2 | 5.9 | 8.7% |
| Indonesia | 1.5 | 0.7 | 8.2 | 5.5 | 54.2% |
| Others | N/A | 1.4 | 3.3 | N/A | 135.7% |
| Total | 77.5 | 46.3 | 102 | 100 | 8.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from Japan in 2022:
- Singapore (43.8K tons)
- South Korea (11.2K tons)
- Taiwan (Chinese) (7.1K tons)
- Belgium (5.0K tons)
- Indonesia (3.1K tons)
- China (3.0K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Japan
In 2022, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates into Japan skyrocketed to 243 tons, rising by 1,500% compared with 2021. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 4,424%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates skyrocketed to $483K in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,219% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | 46.7 | N/A | 353 | 174.9% |
| Taiwan (Chinese) | 5.3 | 129 | 18.7 | 130 | 190.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.3 | 176 | 18.7 | 483 | 350.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Japan in 2022:
- South Korea (182.4 tons)
- Taiwan (Chinese) (60.8 tons)
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