Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the UK - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the UK (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the UK (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the UK
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the UK
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the UK (CIF) - 2023
In November 2023, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $1,280 per ton, increasing by 20% against the previous month. Over the period under review, the import price, however, saw a perceptible curtailment. Over the period under review, average import prices reached the maximum at $1,837 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were the United States ($1,315 per ton) and South Korea ($1,311 per ton), while the price for Saudi Arabia ($1,018 per ton) and Singapore ($1,059 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the UK (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $14,197 per ton in 2022, rising by 287% against the previous year. Over the period under review, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue 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 Arab Emirates ($18,121 per ton), while the average price for exports to France ($3,233 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 Italy (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the UK
In 2022, approx. 52K tons of acids; saturated acyclic monocarboxylic acids; vinyl acetates were imported into the UK; growing by 13% on 2021 figures. Over the period under review, imports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, imports attained the peak of 67K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates soared to $101M in 2022. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 28.3 | 0% |
| Saudi Arabia | 4.1 | 3.3 | 5.8 | 28.0 | 89.7% |
| South Korea | N/A | N/A | N/A | 20.1 | 0% |
| Singapore | 4.9 | 2.9 | 5.4 | 14.3 | 42.9% |
| Netherlands | 0.4 | 0.5 | 0.7 | 8.7 | 179.1% |
| Germany | 3.3 | 3.6 | 2.6 | 0.6 | -43.3% |
| Belgium | 38.9 | 20.7 | 34.0 | 0.1 | -86.3% |
| Taiwan (Chinese) | 1.8 | 0.4 | 0.7 | N/A | -37.6% |
| Others | 1.7 | 24.4 | 23.8 | 0.5 | -33.5% |
| Total | 55.0 | 55.8 | 72.9 | 101 | 22.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to the UK in 2022:
- United States (16.9K tons)
- Saudi Arabia (13.8K tons)
- South Korea (9.2K tons)
- Singapore (7.4K tons)
- Netherlands (4.4K tons)
- Germany (0.3K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the UK
Exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates from the UK dropped remarkably to 3.5 tons in 2022, falling by -91.3% on 2021 figures. In general, exports showed a significant curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 2.1%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates fell significantly to $50K in 2022. Over the period under review, exports saw a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 2.2%.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.4 | 0.1 | 0.2 | 43.4 | 377.0% |
| Germany | 1.5 | 0.5 | 0.8 | 5.3 | 52.3% |
| France | 128 | 62.1 | 121 | 1.7 | -76.3% |
| Portugal | 7.7 | 3.6 | 6.7 | N/A | -6.7% |
| Italy | 23.8 | 10.4 | 18.3 | N/A | -12.3% |
| Others | 3.9 | 69.5 | 2.7 | N/A | -16.8% |
| Total | 165 | 146 | 150 | 50.4 | -32.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from the UK in 2022:
- United Arab Emirates (2.4 tons)
- Germany (0.6 tons)
- France (0.5 tons)
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