Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Belgium - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Belgium (FOB) - 2023
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Belgium (CIF) - 2023
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Belgium
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Belgium
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Belgium (FOB) - 2023
The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,335 per ton in November 2023, picking up by 5.3% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 26% month-to-month. The export price peaked at $1,586 per ton in May 2023; however, from June 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,444 per ton), while the average price for exports to Turkey stood at $923 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.8%), while the prices for the other major destinations experienced a decline.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Belgium (CIF) - 2023
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,282 per ton in November 2023, which is down by -1.8% against the previous month. Over the period under review, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in March 2023 an increase of 21% against the previous month. Over the period under review, average import prices attained the maximum at $1,696 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From November 2022 to November 2023, the rate of growth in terms of prices for Germany amounted to 0.0% per month.
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Belgium
In 2022, shipments abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -10.2% to 109K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 54% against the previous year. As a result, the exports reached the peak of 121K tons, and then shrank in the following year.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $170M in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 111%. Over the period under review, the exports of hit record highs 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 Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.8 | 44.3 | 54.2 | 61.8 | 35.6% |
| United Kingdom | 15.7 | 11.0 | 22.1 | 26.6 | 19.2% |
| Netherlands | 9.4 | 11.6 | 18.8 | 25.3 | 39.1% |
| United States | 4.7 | 0.5 | 16.9 | 22.3 | 68.0% |
| France | 9.3 | 2.3 | 25.5 | 15.3 | 18.1% |
| Turkey | 4.0 | 4.0 | 10.4 | 8.3 | 27.5% |
| Others | 4.6 | 6.5 | 21.2 | 10.4 | 31.2% |
| Total | 72.7 | 80.2 | 169 | 170 | 32.7% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Belgium in 2022:
- Germany (46.3K tons)
- United States (18.3K tons)
- United Kingdom (15.3K tons)
- Netherlands (13.2K tons)
- France (7.5K tons)
- Turkey (4.3K tons)
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Belgium
In 2022, overseas purchases of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -42.4% to 31K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 27% against the previous year.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses dropped sharply to $56M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 26%. As a result, imports reached the peak of $70M, and then fell markedly in the following year.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 17.5 | 12.9 | 16.3 | 22.6 | 8.9% |
| Germany | 29.0 | 28.0 | 36.4 | 15.7 | -18.5% |
| Netherlands | 1.3 | 4.8 | 7.1 | 6.6 | 71.9% |
| Czech Republic | 1.8 | 2.9 | 5.2 | 4.1 | 31.6% |
| Austria | 0.3 | N/A | 0.2 | 3.3 | 122.4% |
| Japan | N/A | N/A | 1.1 | 1.8 | 63.6% |
| Brazil | N/A | 6.8 | N/A | N/A | 0% |
| Others | 0.6 | 0.1 | 3.7 | 2.1 | 51.8% |
| Total | 50.4 | 55.6 | 70.0 | 56.2 | 3.7% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Belgium in 2022:
- France (12.0K tons)
- Germany (10.8K tons)
- Netherlands (3.1K tons)
- Czech Republic (2.3K tons)
- Austria (1.2K tons)
- Japan (0.9K tons)
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