Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in China - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in China (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in China (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in China
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in China
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in China (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $6,347 per ton, growing by 41% against the previous year. In general, the export price posted a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($14,684 per ton), while the average price for exports to Brazil ($2,532 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 the United States (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in China (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $11,106 per ton, growing by 109% against the previous year. Overall, the import price recorded mild growth. Over the period under review, average import prices reached the maximum at $12,931 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Spain ($71,596 per ton), while the price for India ($2,052 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 (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in China
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; esters of formic acids were finally on the rise to reach 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a dramatic slump.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $6.9M in 2022. In general, exports, however, showed a deep setback.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 133 | 1,190 | 794.7% |
| United States | 543 | 721 | 668 | 1,066 | 25.2% |
| Mexico | 583 | 328 | 376 | 506 | -4.6% |
| Brazil | 141 | 255 | 427 | 488 | 51.3% |
| Taiwan (Chinese) | 259 | 365 | 495 | 380 | 13.6% |
| South Korea | 121 | 162 | 267 | 352 | 42.8% |
| Singapore | 388 | 313 | 355 | 319 | -6.3% |
| Japan | 417 | 209 | 155 | 273 | -13.2% |
| India | 4,770 | 506 | 255 | 260 | -62.1% |
| United Arab Emirates | 139 | 107 | 77.1 | 252 | 21.9% |
| Spain | 62.1 | 176 | 193 | 175 | 41.2% |
| Germany | 726 | 452 | 154 | 147 | -41.3% |
| Turkey | N/A | 95.0 | 93.7 | 112 | 8.6% |
| Others | 1,116 | 877 | 927 | 1,338 | 6.2% |
| Total | 9,265 | 4,566 | 4,578 | 6,857 | -9.5% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from China in 2022:
- Brazil (192.9 tons)
- Russia (150.7 tons)
- Taiwan (Chinese) (129.1 tons)
- South Korea (92.9 tons)
- United Arab Emirates (74.9 tons)
- United States (72.6 tons)
- Mexico (50.3 tons)
- India (47.0 tons)
- Germany (30.4 tons)
- Japan (26.8 tons)
- Singapore (26.6 tons)
- Spain (19.8 tons)
- Turkey (19.3 tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in China
In 2022, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids into China reduced markedly to 90 tons, with a decrease of -53.1% against 2021. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. As a result, imports reached the peak of 192 tons, and then declined rapidly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids fell to $1M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.1% 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 +56.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60%. As a result, imports reached the peak of $1M, and then shrank in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 136 | 144 | 126 | 424 | 46.1% |
| France | 71.0 | 61.6 | 87.8 | 188 | 38.3% |
| Japan | 406 | 102 | 53.2 | 115 | -34.3% |
| India | 118 | 142 | 394 | 98.4 | -5.9% |
| Others | 133 | 193 | 362 | 177 | 10.0% |
| Total | 864 | 642 | 1,024 | 1,003 | 5.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to China in 2022:
- India (47.9 tons)
- Japan (20.2 tons)
- France (11.7 tons)
- Spain (5.9 tons)
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