Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the United States - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the United States (FOB) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the United States (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the United States
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the United States
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the United States (FOB) - 2023
In December 2023, the average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $910 per ton, with an increase of 1.6% against the previous month. Over the period under review, the export price, however, showed a noticeable slump. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 18% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,354 per ton in March 2023; however, from April 2023 to December 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In December 2023, the countries with the highest prices were Canada ($995 per ton) and Mexico ($980 per ton), while the average price for exports to Belgium ($878 per ton) and the United Arab Emirates ($920 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-2.1%), while the prices for the other major destinations experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the United States (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $1,435 per ton in 2022, declining by -15.8% against the previous year. Over the period under review, the import price saw a deep reduction. The pace of growth was the most pronounced in 2021 an increase of 61%. Over the period under review, average import prices hit record highs at $2,384 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($4,210 per ton), while the price for South Korea ($1,044 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+34.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the United States
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -6.2% to 510K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, the exports attained the peak of 587K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates expanded sharply to $719M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.6% 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 +79.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 52%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 169 | 238 | 363 | 362 | 28.9% |
| Mexico | 58.5 | 57.0 | 82.3 | 107 | 22.3% |
| Canada | 46.4 | 43.7 | 61.3 | 72.2 | 15.9% |
| Brazil | 33.1 | 30.8 | 42.0 | 61.0 | 22.6% |
| Colombia | 17.3 | 17.0 | 35.7 | 33.0 | 24.0% |
| Italy | 21.1 | 9.2 | 15.7 | 13.1 | -14.7% |
| Chile | 10.1 | 8.2 | 13.9 | 12.8 | 8.2% |
| Germany | N/A | N/A | N/A | 10.2 | 0% |
| Others | 44.8 | 36.7 | 56.8 | 47.9 | 2.3% |
| Total | 400 | 441 | 670 | 719 | 21.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from the United States in 2022:
- Belgium (262.5K tons)
- Mexico (72.4K tons)
- Canada (53.9K tons)
- Brazil (42.6K tons)
- Germany (17.1K tons)
- Colombia (16.6K tons)
- Italy (11.1K tons)
- Chile (7.4K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the United States
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -29.6% to 22K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 235% against the previous year. As a result, imports attained the peak of 31K tons, and then reduced dramatically in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates reduced sharply to $32M in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 439% against the previous year. As a result, imports attained the peak of $53M, and then plummeted in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | 2.0 | 4.0 | 15.7 | 180.2% |
| Singapore | 5.3 | 7.2 | 8.4 | 8.5 | 17.1% |
| Taiwan (Chinese) | N/A | N/A | 13.4 | 4.5 | -66.4% |
| China | 0.4 | 0.7 | 2.2 | 1.9 | 68.1% |
| Canada | N/A | N/A | 0.1 | 1.1 | 1000.0% |
| Saudi Arabia | 0.2 | N/A | 25.1 | N/A | 1020.3% |
| Others | 0.1 | N/A | 0.3 | N/A | 73.2% |
| Total | 5.9 | 9.9 | 53.5 | 31.7 | 75.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to the United States in 2022:
- South Korea (15.0K tons)
- Singapore (3.9K tons)
- Taiwan (Chinese) (2.0K tons)
- Canada (0.7K tons)
- China (0.4K tons)
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