Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in China - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in China (FOB) - 2022
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in China (CIF) - 2022
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in China
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in China
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in China (FOB) - 2022
In 2022, the average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $1,610 per ton, picking up by 12% against the previous year. In general, the export price, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices hit record highs at $1,831 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($1,954 per ton), while the average price for exports to Brazil ($1,174 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 Turkey (+0.6%), while the prices for the other major destinations experienced a decline.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in China (CIF) - 2022
In 2022, the average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $1,238 per ton, shrinking by -3.9% against the previous year. Overall, the import price saw a pronounced shrinkage. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. The import price peaked at $1,660 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,861 per ton), while the price for Indonesia ($640 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in China
Exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses from China surged to 129K tons in 2022, growing by 15% compared with the previous year's figure. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.8% 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 +92.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses soared to $208M in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 171% 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 China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 37.5 | 19.1 | 49.4 | 65.3 | 20.3% |
| India | 22.5 | 9.1 | 38.0 | 54.0 | 33.9% |
| South Korea | 13.1 | 18.6 | 14.7 | 17.3 | 9.7% |
| United Arab Emirates | 1.8 | 1.9 | 5.6 | 8.4 | 67.1% |
| Indonesia | 5.3 | 2.3 | 6.0 | 8.2 | 15.7% |
| United States | 1.6 | 0.1 | 9.9 | 7.7 | 68.8% |
| Turkey | 1.1 | 0.4 | 6.1 | 6.2 | 78.0% |
| Thailand | 7.9 | 1.6 | 2.6 | 4.0 | -20.3% |
| Egypt | 0.1 | N/A | 5.2 | 3.9 | 239.1% |
| Vietnam | 1.4 | 1.4 | 1.9 | 3.5 | 35.7% |
| Brazil | 2.3 | 1.2 | 1.0 | 2.6 | 4.2% |
| Others | 11.9 | 3.9 | 21.3 | 27.1 | 31.6% |
| Total | 106 | 59.6 | 161 | 208 | 25.2% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from China in 2022:
- Taiwan (Chinese) (42.8K tons)
- India (31.1K tons)
- South Korea (11.9K tons)
- Indonesia (5.4K tons)
- United Arab Emirates (5.0K tons)
- United States (4.7K tons)
- Turkey (3.2K tons)
- Thailand (3.0K tons)
- Egypt (2.9K tons)
- Brazil (2.3K tons)
- Vietnam (1.9K tons)
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in China
In 2022, supplies from abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -17.6% to 36K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 9.6% against the previous year. As a result, imports reached the peak of 62K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses shrank notably to $44M in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 3.5%.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 28.5 | 14.2 | 22.6 | 17.3 | -15.3% |
| South Korea | 9.7 | 19.0 | 19.0 | 17.1 | 20.8% |
| Malaysia | 8.7 | 15.0 | 12.2 | 7.7 | -4.0% |
| Indonesia | 8.1 | 4.3 | N/A | N/A | -46.9% |
| Others | 1.7 | 1.6 | 2.1 | 2.1 | 7.3% |
| Total | 56.7 | 54.0 | 55.9 | 44.3 | -7.9% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to China in 2022:
- South Korea (15.2K tons)
- Japan (13.9K tons)
- Malaysia (6.1K tons)
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