Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Singapore - 2023
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Singapore (CIF) - 2022
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Singapore (FOB) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Singapore
- Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Singapore
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Singapore (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $26,434 per ton in 2022, picking up by 5.5% against the previous year. Overall, the import price recorded strong growth. The most prominent rate of growth was recorded in 2019 an increase of 38%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($35,297 per ton), while the price for India ($11,338 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Singapore (FOB) - 2022
In 2022, the average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $43,263 per ton, rising by 1,342% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The export price peaked at $241,000 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($258,667 per ton), while the average price for exports to Malaysia amounted to $24,800 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+102.1%).
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Singapore
In 2022, the amount of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses imported into Singapore fell to 3.7 tons, which is down by -11.3% against 2021. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. As a result, imports reached the peak of 4.2 tons, and then contracted in the following year.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses fell to $99K in 2022. The total import value increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. As a result, imports attained the peak of $106K, and then fell in the following year.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 53.2 | 48.7 | 68.4 | 49.6 | -2.3% |
| China | 1.4 | 8.2 | 21.5 | 31.3 | 181.7% |
| Germany | 9.1 | 16.1 | 12.9 | 16.0 | 20.7% |
| India | 8.1 | 1.3 | 0.6 | 0.9 | -51.9% |
| Spain | 3.8 | 0.5 | 0.6 | 0.4 | -52.8% |
| Others | 0.9 | 1.8 | 1.6 | 0.6 | -12.6% |
| Total | 76.5 | 76.7 | 106 | 98.8 | 8.9% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Singapore in 2022:
- United States (1406.0 kg)
- China (1373.0 kg)
- Germany (851.0 kg)
- India (80.0 kg)
- Spain (20.0 kg)
Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Singapore
After two years of decline, shipments abroad of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses increased by 3,700% to 38 kg in 2022. Overall, exports, however, continue to indicate a sharp curtailment.
In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses soared to $1.6K in 2022. In general, exports, however, recorded a sharp downturn.
| Export of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.1 | N/A | N/A | 0.9 | 108.0% |
| Indonesia | 14.2 | N/A | N/A | 0.8 | -61.7% |
| Others | N/A | 0.6 | N/A | N/A | 0% |
| Total | 14.4 | 0.6 | N/A | 1.6 | -51.9% |
Top Export Markets for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts from Singapore in 2022:
- Malaysia (35.0 kg)
- Indonesia (3.0 kg)
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