Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Australia - 2024
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Australia (CIF) - 2024
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Australia (FOB) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Australia
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Australia
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Australia (CIF) - 2024
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,182 per ton in December 2023, flattening at the previous month. Overall, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in February 2023 an increase of 15% month-to-month. As a result, import price reached the peak level of $1,750 per ton. From March 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Indonesia ($1,211 per ton), while the price for the United States ($1,032 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.5%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Australia (FOB) - 2022
The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $8,450 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2015 an increase of 21,165% against the previous year. As a result, the export price attained the peak level of $798,263 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($13,279 per ton), while the average price for exports to Vietnam ($5,822 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 the United States (+519,358.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Australia
In 2022, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses into Australia amounted to 6K tons, picking up by 7% on 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 25%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses skyrocketed to $11M in 2022. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.2 | 0.4 | 1.8 | 3.7 | 164.5% |
| Malaysia | 4.0 | 2.5 | 4.4 | 3.1 | -8.1% |
| Indonesia | 2.1 | 1.3 | 2.2 | 2.4 | 4.6% |
| China | 0.7 | 0.5 | 0.2 | 1.4 | 26.0% |
| United States | 0.5 | 0.3 | 0.2 | 0.3 | -15.7% |
| Italy | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Total | 7.7 | 5.0 | 8.9 | 11.2 | 13.3% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Australia in 2022:
- Japan (1840.0 tons)
- Indonesia (1476.8 tons)
- Malaysia (1416.5 tons)
- China (978.7 tons)
- United States (147.1 tons)
- Italy (108.0 tons)
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Australia
In 2022, overseas shipments of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by 0% to 15 tons, falling for the second year in a row after two years of growth. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 4,246%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $125K in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 2,837% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 0.1 | N/A | N/A | 67.7 | 778.1% |
| Vietnam | N/A | N/A | N/A | 55.2 | 0% |
| Japan | N/A | 2.0 | N/A | 2.5 | 11.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.1 | 2.0 | N/A | 125 | 977.2% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Australia in 2022:
- Vietnam (9.5 tons)
- New Zealand (5.1 tons)
- Japan (0.3 tons)
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