U.S. - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Industrial Monocarboxylic Fatty Acids in the United States - 2023
Contents:
- Price for Industrial Monocarboxylic Fatty Acids in the United States (CIF) - 2023
- Price for Industrial Monocarboxylic Fatty Acids in the United States (FOB) - 2023
- Imports of Industrial Monocarboxylic Fatty Acids in the United States
- Exports of Industrial Monocarboxylic Fatty Acids in the United States
Price for Industrial Monocarboxylic Fatty Acids in the United States (CIF) - 2023
In September 2023, the average industrial monocarboxylic fatty acids import price amounted to $1,187 per ton, reducing by -3.9% against the previous month. Over the period under review, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in June 2023 an increase of 7.4% against the previous month. Over the period under review, average import prices reached the maximum at $2,202 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were India ($1,336 per ton) and Malaysia ($1,117 per ton), while the price for Canada ($970 per ton) and Indonesia ($989 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (-3.4%), while the prices for the other major suppliers experienced a decline.
Price for Industrial Monocarboxylic Fatty Acids in the United States (FOB) - 2023
The average industrial monocarboxylic fatty acids export price stood at $2,501 per ton in September 2023, surging by 12% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 24% month-to-month. As a result, the export price attained the peak level of $2,928 per ton. From November 2022 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was South Korea ($11,205 per ton), while the average price for exports to India ($957 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Industrial Monocarboxylic Fatty Acids in the United States
In 2022, approx. 288K tons of industrial monocarboxylic fatty acids were imported into the United States; therefore, remained relatively stable against the year before. Over the period under review, imports continue to indicate a deep slump.
In value terms, industrial monocarboxylic fatty acids imports soared to $530M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Industrial Monocarboxylic Fatty Acids in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 108 | 135 | 176 | 264 | 34.7% |
| Malaysia | 144 | 119 | 104 | 89.7 | -14.6% |
| India | 31.9 | 27.4 | 45.7 | 64.2 | 26.3% |
| Belgium | 5.2 | 3.8 | 7.3 | 29.7 | 78.8% |
| Philippines | 0.1 | 0.1 | 1.6 | 18.1 | 465.7% |
| Germany | 8.9 | 9.0 | 12.8 | 15.4 | 20.1% |
| China | 2.7 | 0.7 | 4.9 | 9.8 | 53.7% |
| Canada | 2.0 | 2.6 | 2.5 | 4.2 | 28.1% |
| Others | 21.9 | 18.4 | 26.8 | 35.1 | 17.0% |
| Total | 324 | 316 | 382 | 530 | 17.8% |
Top Suppliers of Industrial Monocarboxylic Fatty Acids to the United States in 2022:
- Indonesia (165.2K tons)
- Malaysia (51.5K tons)
- India (34.4K tons)
- Philippines (8.0K tons)
- Belgium (6.7K tons)
- China (4.6K tons)
- Germany (4.4K tons)
- Canada (3.7K tons)
Exports of Industrial Monocarboxylic Fatty Acids in the United States
In 2022, industrial monocarboxylic fatty acids exports from the United States declined markedly to 35K tons, dropping by -33.8% on the previous year. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, the exports reached the peak of 53K tons, and then fell dramatically in the following year.
In value terms, industrial monocarboxylic fatty acids exports fell to $81M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 +34.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 46%. As a result, the exports attained the peak of $89M, and then dropped in the following year.
| Export of Industrial Monocarboxylic Fatty Acids in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 29.0 | 31.2 | 45.9 | 44.2 | 15.1% |
| Canada | 6.7 | 7.3 | 9.4 | 9.9 | 13.9% |
| Saudi Arabia | 16.2 | 5.1 | 11.8 | 5.8 | -29.0% |
| South Korea | 4.0 | 5.2 | 3.0 | 4.8 | 6.3% |
| Japan | 0.2 | 0.6 | 0.2 | 2.3 | 125.7% |
| Malaysia | 0.1 | 0.6 | 1.4 | 2.2 | 180.2% |
| Indonesia | 0.1 | 0.1 | 0.7 | 2.1 | 175.9% |
| China | 1.1 | 1.4 | 2.1 | 2.0 | 22.1% |
| Brazil | 0.5 | 2.4 | 1.6 | 1.7 | 50.4% |
| Germany | 0.2 | 2.6 | 0.9 | 1.0 | 71.0% |
| Netherlands | 3.0 | 1.0 | 7.8 | 0.1 | -67.8% |
| Others | 4.5 | 3.1 | 3.7 | 5.1 | 4.3% |
| Total | 65.7 | 60.6 | 88.6 | 81.2 | 7.3% |
Top Export Markets for Industrial Monocarboxylic Fatty Acids from the United States in 2022:
- Mexico (17.5K tons)
- Canada (5.1K tons)
- Saudi Arabia (3.4K tons)
- Malaysia (1.5K tons)
- South Korea (1.2K tons)
- China (1.1K tons)
- Indonesia (1.0K tons)
- Japan (0.8K tons)
- Brazil (0.7K tons)
- Germany (0.7K tons)
- Netherlands (0.2K tons)
This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
- Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In April 2023, the industrial monocarboxylic fatty acids price amounted to $1,205 per ton (CIF, US), reducing by -9.6% against the previous month.
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In April 2023, the industrial monocarboxylic fatty acids price amounted to $1,205 per ton (CIF, US), reducing by -9.6% against the previous month.
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In March 2023, the import of Industrial Fatty Alcohols experienced a remarkable growth rate of 95% compared to the previous month. However, the value of these imports saw a rapid decline, reaching $15M in September 2023.
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