Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Singapore - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Singapore (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Singapore (CIF) - 2023
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Singapore
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Singapore
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Singapore (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $1,388 per ton in 2022, picking up by 24% against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates increased by +72.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 39%. The export price peaked in 2022 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 China ($11,200 per ton), while the average price for exports to the Philippines ($1,235 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 China (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Singapore (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $1,064 per ton in September 2022, shrinking by -43.2% against the previous month. Over the period under review, the import price showed a dramatic setback. The most prominent rate of growth was recorded in July 2022 an increase of 127% month-to-month. As a result, import price attained the peak level of $5,506 per ton. From August 2022 to September 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2022, the country with the highest price was Malaysia ($1,515 per ton), while the price for China totaled $1,059 per ton.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-10.7%).
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Singapore
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; n-butyl acetates exported from Singapore reduced rapidly to 40K tons, waning by -27.1% on the year before. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 18% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates fell to $55M in 2022. In general, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 64%. As a result, the exports attained the peak of $61M, and then declined in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 20.6 | 13.7 | 31.0 | 27.8 | 10.5% |
| South Korea | 9.4 | 5.9 | 7.2 | 10.8 | 4.7% |
| Thailand | 4.2 | 3.6 | 6.3 | 5.2 | 7.4% |
| Indonesia | 5.3 | 2.6 | 4.2 | 3.8 | -10.5% |
| Malaysia | 2.4 | 3.7 | 3.1 | 3.1 | 8.9% |
| Australia | 0.8 | 0.6 | 1.7 | 1.1 | 11.2% |
| Philippines | 0.7 | 0.6 | 2.3 | 1.1 | 16.3% |
| Vietnam | 6.4 | 5.3 | 2.4 | 0.4 | -60.3% |
| Others | 1.4 | 1.3 | 2.6 | 1.8 | 8.7% |
| Total | 51.2 | 37.1 | 60.8 | 55.1 | 2.5% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate from Singapore in 2022:
- India (20.9K tons)
- South Korea (7.5K tons)
- Thailand (3.6K tons)
- Indonesia (2.8K tons)
- Malaysia (1.8K tons)
- Australia (0.9K tons)
- Philippines (0.9K tons)
- Vietnam (0.3K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Singapore
In 2022, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates into Singapore surged to 15K tons, with an increase of 660% against the previous year's figure. Overall, imports, however, continue to indicate a deep slump.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates soared to $27M in 2022. In general, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.2 | 0.4 | 1.1 | 26.1 | 14.9% |
| Malaysia | 0.5 | 0.2 | 0.8 | 0.4 | -7.2% |
| Switzerland | 0.9 | 0.6 | N/A | N/A | -33.3% |
| Indonesia | 0.1 | 0.9 | 1.7 | N/A | 312.3% |
| Others | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Total | 19.0 | 2.4 | 3.8 | 26.8 | 12.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to Singapore in 2022:
- China (14.4K tons)
- Malaysia (0.3K tons)
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