Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Malaysia - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Malaysia (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Malaysia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Malaysia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Malaysia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Malaysia (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $842 per ton in December 2023, remaining relatively unchanged against the previous month. Over the period under review, the import price recorded a perceptible contraction. The pace of growth appeared the most rapid in October 2023 an increase of 11% month-to-month. The import price peaked at $1,074 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From December 2022 to December 2023, the rate of growth in terms of prices for Singapore amounted to -2.0% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Malaysia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $942 per ton in 2022, rising by 8.2% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 an increase of 25%. The export price peaked at $1,262 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($942 per ton), while the average price for exports to Singapore stood at $942 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.9%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Malaysia
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; vinyl acetates imported into Malaysia declined to 32K tons, remaining constant against 2021. Overall, imports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of 4.7%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates soared to $55M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 106% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 28.9 | 21.2 | 44.4 | 54.6 | 23.6% |
| Others | 1.0 | 0.5 | 0.4 | N/A | -36.8% |
| Total | 29.8 | 21.7 | 44.8 | 54.6 | 22.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Malaysia in 2022:
- Singapore (31.7K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Malaysia
After three years of growth, shipments abroad of acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -21.8% to 85 tons in 2022. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 21%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates dropped significantly to $80K in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. As a result, the exports attained the peak of $95K, and then dropped dramatically in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | 32.1 | 95.1 | 69.2 | 46.8% |
| Vietnam | N/A | N/A | N/A | 11.3 | 0% |
| India | 48.2 | 32.1 | N/A | N/A | -33.4% |
| Bangladesh | 18.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 66.8 | 64.2 | 95.1 | 80.5 | 6.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from Malaysia in 2022:
- Singapore (73.4 tons)
- Vietnam (12.0 tons)
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