Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Japan - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Japan (FOB) - 2022
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Japan (CIF) - 2022
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Japan
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Japan
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Japan (FOB) - 2022
In 2022, the average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $1,170 per ton, picking up by 6% against the previous year. Over the period under review, the export price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 45%. Over the period under review, the average export prices reached the maximum at $1,482 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($1,812 per ton), while the average price for exports to Singapore ($968 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 India (+14.2%), while the prices for the other major destinations experienced a decline.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Japan (CIF) - 2022
In 2022, the average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $1,993 per ton, with an increase of 7.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 28%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 India ($2,132 per ton), while the price for China ($1,216 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 (+0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Japan
In 2022, the amount of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses exported from Japan shrank sharply to 67K tons, which is down by -15.4% on the previous year. In general, exports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2021 when exports increased by 74% against the previous year. As a result, the exports attained the peak of 79K tons, and then reduced dramatically in the following year.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses dropped to $78M in 2022. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 151%. As a result, the exports reached the peak of $87M, and then reduced in the following year.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 14.7 | 4.1 | 17.6 | 21.8 | 14.0% |
| South Korea | 18.2 | 11.9 | 16.7 | 17.1 | -2.1% |
| Singapore | 0.8 | 3.9 | 16.8 | 15.3 | 167.4% |
| China | 24.8 | 13.6 | 20.6 | 11.7 | -22.2% |
| India | N/A | 0.4 | 7.2 | 6.1 | 290.5% |
| Australia | 0.2 | 0.3 | 1.7 | 3.2 | 152.0% |
| Others | 1.5 | 0.6 | 6.8 | 3.1 | 27.4% |
| Total | 60.2 | 34.8 | 87.4 | 78.4 | 9.2% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Japan in 2022:
- Taiwan (Chinese) (21.8K tons)
- Singapore (15.8K tons)
- South Korea (11.6K tons)
- China (11.0K tons)
- India (3.5K tons)
- Australia (1.7K tons)
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Japan
Imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses into Japan dropped remarkably to 31 tons in 2022, waning by -52.3% compared with the previous year's figure. In general, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 252% against the previous year. As a result, imports attained the peak of 65 tons, and then fell significantly in the following year.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses fell rapidly to $61K in 2022. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 256%. As a result, imports reached the peak of $120K, and then declined markedly in the following year.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 56.2 | 31.7 | 53.4 | 46.4 | -6.2% |
| India | N/A | N/A | N/A | 9.2 | 0% |
| China | N/A | N/A | N/A | 5.7 | 0% |
| South Korea | 40.0 | N/A | 63.5 | N/A | 26.0% |
| Others | N/A | 1.9 | 2.7 | N/A | 42.1% |
| Total | 96.2 | 33.6 | 120 | 61.3 | -13.9% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Japan in 2022:
- Italy (21.8 tons)
- China (4.7 tons)
- India (4.3 tons)
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