Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the United States - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the United States (FOB) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the United States (CIF) - 2023
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the United States
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the United States
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the United States (FOB) - 2023
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,706 per ton, reducing by -14.9% against the previous month. In general, the export price showed a noticeable descent. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 21% month-to-month. Over the period under review, the average export prices hit record highs at $2,477 per ton in April 2023; however, from May 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($2,257 per ton), while the average price for exports to Peru ($770 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the United States (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $1,807 per ton in September 2023, reducing by -7.3% against the previous month. In general, the import price recorded a slight decrease. The growth pace was the most rapid in July 2023 when the average import price increased by 45% m-o-m. The import price peaked at $2,809 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was India ($4,750 per ton), while the price for China ($912 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+28.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the United States
In 2022, after three years of growth, there was significant decline in overseas shipments of acids; saturated acyclic monocarboxylic acids; n-butyl acetates, when their volume decreased by -23% to 36K tons. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 9.8% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates declined to $90M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.2% 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 +50.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 62%. As a result, the exports reached the peak of $97M, and then reduced in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 25.8 | 29.4 | 51.5 | 48.6 | 23.5% |
| Canada | 10.0 | 8.7 | 15.1 | 17.3 | 20.0% |
| Israel | 10.3 | 5.8 | 7.1 | 8.3 | -6.9% |
| Turkey | 0.9 | 2.6 | 2.0 | 3.1 | 51.0% |
| Brazil | 3.2 | 2.6 | 2.9 | 2.9 | -3.2% |
| Argentina | 1.5 | 1.3 | 1.8 | 1.6 | 2.2% |
| Peru | 3.9 | 3.7 | 6.1 | 1.3 | -30.7% |
| Others | 9.8 | 5.9 | 10.5 | 7.0 | -10.6% |
| Total | 65.5 | 60.0 | 97.0 | 90.1 | 11.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate from the United States in 2022:
- Mexico (21.6K tons)
- Canada (6.4K tons)
- Turkey (2.6K tons)
- Brazil (1.5K tons)
- Argentina (0.9K tons)
- Israel (0.8K tons)
- Peru (0.6K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in the United States
After three years of growth, supplies from abroad of acids; saturated acyclic monocarboxylic acids; n-butyl acetates decreased by -9.6% to 7.5K tons in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 41%. As a result, imports attained the peak of 8.3K tons, and then dropped in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates expanded significantly to $19M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +73.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 57%. 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; N-Butyl Acetate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.4 | 7.5 | 8.4 | 9.3 | 7.9% |
| Belgium | 1.5 | 1.4 | 4.1 | 3.6 | 33.9% |
| South Korea | 1.4 | 1.8 | 2.7 | 3.0 | 28.9% |
| China | 0.5 | 0.5 | 1.4 | 2.1 | 61.3% |
| Taiwan (Chinese) | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Brazil | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.3 | 0.2 | 1.3 | 0.4 | 10.1% |
| Total | 11.1 | 11.5 | 18.0 | 19.2 | 20.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to the United States in 2022:
- Germany (3.9K tons)
- Belgium (1.7K tons)
- China (1.1K tons)
- South Korea (0.5K tons)
- Brazil (0.1K tons)
- Taiwan (Chinese) (0.1K tons)
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