Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Italy - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Italy (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Italy (FOB) - 2023
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Italy
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Italy
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Italy (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $2,088 per ton, picking up by 48% against the previous year. In general, the import price recorded strong growth. The growth pace was the most rapid in 2021 an increase of 79%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,593 per ton), while the price for the United States ($1,615 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Italy (FOB) - 2023
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $1,120 per ton, declining by -8.4% against the previous month. In general, the export price recorded a deep setback. The pace of growth was the most pronounced in December 2022 an increase of 442% m-o-m. As a result, the export price reached the peak level of $8,575 per ton. From January 2023 to September 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Slovenia.
From September 2022 to September 2023, the rate of growth in terms of prices for Slovenia amounted to -5.2% per month.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Italy
In 2022, approx. 71K tons of acids; saturated acyclic monocarboxylic acids; vinyl acetates were imported into Italy; shrinking by -25.1% compared with 2021. In general, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of 95K tons, and then declined significantly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $149M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 133% 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; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 15.5 | 11.7 | 31.8 | 44.5 | 42.1% |
| Belgium | 12.8 | 9.2 | 28.4 | 43.0 | 49.8% |
| Germany | 10.1 | 12.2 | 26.7 | 30.7 | 44.9% |
| United States | 25.8 | 11.8 | 16.7 | 17.9 | -11.5% |
| Taiwan (Chinese) | N/A | N/A | N/A | 6.5 | 0% |
| Singapore | 2.3 | 3.8 | 21.8 | 5.1 | 30.4% |
| Netherlands | 3.2 | 1.8 | 2.9 | 1.1 | -29.9% |
| Others | 0.6 | 7.3 | 6.3 | N/A | 224.0% |
| Total | 70.3 | 57.8 | 135 | 149 | 28.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Italy in 2022:
- Belgium (20.4K tons)
- Saudi Arabia (20.1K tons)
- Germany (13.6K tons)
- United States (11.1K tons)
- Singapore (3.1K tons)
- Taiwan (Chinese) (2.5K tons)
- Netherlands (0.5K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Italy
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -29.6% to 1.7K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 61%. As a result, the exports attained the peak of 2.5K tons, and then fell notably in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates rose rapidly to $4.1M in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 183% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | N/A | 0.2 | N/A | 4.1 | 352.8% |
| Austria | 1.1 | 1.1 | 3.5 | N/A | 78.4% |
| Others | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Total | 1.1 | 1.3 | 3.7 | 4.1 | 55.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from Italy in 2022:
- Slovenia (1735.9 tons)
- Austria (0.2 tons)
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