Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United States - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United States (CIF) - 2023
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United States (FOB) - 2023
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United States
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United States
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United States (CIF) - 2023
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,179 per ton in December 2023, shrinking by -20.4% against the previous month. Over the period under review, the import price showed a mild reduction. The most prominent rate of growth was recorded in September 2023 an increase of 170% against the previous month. As a result, import price reached the peak level of $3,428 per ton. From October 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($2,403 per ton), while the price for South Korea ($1,052 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Brazil (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United States (FOB) - 2023
In December 2023, the average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $1,656 per ton, with a decrease of -6.2% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 38% month-to-month. Over the period under review, the average export prices hit record highs at $2,081 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($9,681 per ton), while the average price for exports to Thailand ($834 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United States
In 2022, approx. 38K tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were imported into the United States; picking up by 7.1% compared with the previous year. Over the period under review, imports, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 386% against the previous year.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses soared to $63M in 2022. In general, imports saw a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of 376%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 5.8 | 0.2 | 15.6 | 25.2 | 63.2% |
| Brazil | 29.7 | 2.3 | 3.8 | 12.5 | -25.1% |
| China | 2.1 | 0.1 | 9.4 | 7.4 | 52.2% |
| Malaysia | 7.8 | N/A | 1.3 | 5.4 | -11.5% |
| Taiwan (Chinese) | N/A | N/A | 0.8 | 4.4 | 450.0% |
| South Korea | 6.0 | 3.5 | 1.4 | 1.1 | -43.2% |
| Japan | 1.4 | 0.4 | 0.9 | 0.3 | -40.2% |
| Germany | 4.4 | 0.1 | 4.9 | 0.1 | -71.7% |
| Others | 2.9 | 3.8 | 11.7 | 6.9 | 33.5% |
| Total | 60.2 | 10.5 | 49.8 | 63.3 | 1.7% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to the United States in 2022:
- Belgium (20.3K tons)
- Brazil (7.0K tons)
- Malaysia (4.0K tons)
- China (3.9K tons)
- Taiwan (Chinese) (0.7K tons)
- South Korea (0.6K tons)
- Japan (0.2K tons)
- Germany (0.1K tons)
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United States
In 2022, overseas shipments of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -6.2% to 21K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 11% against the previous year. As a result, the exports reached the peak of 23K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $46M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 +59.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 57%. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 17.8 | 17.5 | 33.2 | 31.5 | 21.0% |
| Brazil | 5.6 | 5.0 | 3.1 | 6.1 | 2.9% |
| Canada | 2.8 | 2.8 | 3.5 | 3.2 | 4.6% |
| South Korea | 1.3 | 0.9 | 1.0 | 1.3 | 0.0% |
| Peru | 0.9 | 0.5 | 0.5 | 0.8 | -3.9% |
| Others | 3.6 | 2.1 | 3.8 | 3.2 | -3.9% |
| Total | 31.9 | 28.8 | 45.1 | 46.0 | 13.0% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from the United States in 2022:
- Mexico (15.2K tons)
- Brazil (3.5K tons)
- Canada (0.9K tons)
- Peru (0.3K tons)
- South Korea (0.3K tons)
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