Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Indonesia - 2022
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Indonesia (FOB) - 2022
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Indonesia (CIF) - 2022
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Indonesia
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Indonesia
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Indonesia (FOB) - 2022
The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,401 per ton in March 2022, leveling off at the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in September 2021 an increase of 36% against the previous month. The export price peaked at $1,707 per ton in May 2021; however, from June 2021 to March 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($2,287 per ton), while the average price for exports to Singapore ($991 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Indonesia (CIF) - 2022
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $2,525 per ton in March 2022, growing by 19% against the previous month. In general, import price indicated strong growth from March 2021 to March 2022: its price increased at an average monthly rate of +5.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses increased by +58.3% against June 2021 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Japan ($3,823 per ton), while the price for Malaysia ($2,130 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Indonesia
In 2022, the amount of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses exported from Indonesia dropped to 23K tons, shrinking by -12.2% on the previous year. Overall, exports showed a deep downturn. The smallest decline of -1.5% was in 2020.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses dropped to $31M in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of $33M, and then contracted in the following year.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.4 | 9.8 | 9.0 | 10.2 | 6.7% |
| Singapore | 2.1 | 3.3 | 7.5 | 7.8 | 54.9% |
| Thailand | 3.2 | 2.1 | 3.8 | 3.0 | -2.1% |
| Netherlands | 2.0 | 1.0 | 2.1 | 2.8 | 11.9% |
| Australia | 2.0 | 1.2 | 2.0 | 2.0 | 0.0% |
| Spain | 0.3 | 0.2 | 1.3 | 1.3 | 63.0% |
| Vietnam | 0.3 | 0.2 | 0.5 | 1.0 | 49.4% |
| Turkey | 1.6 | 1.8 | 1.5 | 0.7 | -24.1% |
| China | 7.1 | 3.5 | N/A | N/A | -50.7% |
| Others | 3.2 | 2.8 | 5.5 | 2.5 | -7.9% |
| Total | 30.2 | 25.8 | 33.2 | 31.3 | 1.2% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Indonesia in 2022:
- Singapore (8.0K tons)
- India (6.7K tons)
- Netherlands (1.9K tons)
- Thailand (1.7K tons)
- Australia (1.3K tons)
- Spain (0.7K tons)
- Vietnam (0.6K tons)
- Turkey (0.5K tons)
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Indonesia
In 2022, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses into Indonesia contracted modestly to 7.9K tons, shrinking by -3.7% compared with 2021. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of 8.3K tons, and then dropped in the following year.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses rose notably to $15M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.9 | 3.0 | 6.7 | 9.1 | 15.5% |
| Malaysia | 1.7 | 2.3 | 4.0 | 3.5 | 27.2% |
| Japan | 1.4 | 1.2 | 1.4 | 1.7 | 6.7% |
| South Korea | 0.5 | 0.8 | 1.1 | 0.3 | -15.7% |
| Others | 0.6 | 0.4 | 0.4 | 0.5 | -5.9% |
| Total | 10.1 | 7.7 | 13.6 | 15.1 | 14.3% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Indonesia in 2022:
- China (5.3K tons)
- Malaysia (2.0K tons)
- Japan (0.4K tons)
- South Korea (0.2K tons)
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