Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Singapore - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Singapore (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Singapore (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Singapore
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Singapore
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Singapore (FOB) - 2022
In September 2022, the average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $2,028 per ton, falling by -10.6% against the previous month. Overall, export price indicated a modest expansion from September 2021 to September 2022: its price increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -41.0% against May 2022 indices. The pace of growth appeared the most rapid in January 2022 an increase of 29% month-to-month. Over the period under review, the average export prices reached the peak figure at $3,434 per ton in May 2022; however, from June 2022 to September 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was Thailand ($2,514 per ton), while the average price for exports to Indonesia ($1,639 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Singapore (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $1,305 per ton, jumping by 55% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +1.7% per year.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Singapore
After three years of growth, shipments abroad of acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -33.6% to 359K tons in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, the exports attained the peak of 540K tons, and then dropped notably in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates declined to $663M in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 142% against the previous year. As a result, the exports reached the peak of $723M, and then dropped in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 84.8 | 54.4 | 238 | 184 | 29.5% |
| India | 89.0 | 60.5 | 167 | 176 | 25.5% |
| Thailand | 23.9 | 27.8 | 91.0 | 94.5 | 58.1% |
| Malaysia | 28.6 | 21.1 | 44.0 | 55.1 | 24.4% |
| Spain | 12.7 | 15.0 | 48.8 | 38.6 | 44.9% |
| Indonesia | 21.1 | 14.0 | 32.0 | 35.5 | 18.9% |
| China | 11.1 | 35.1 | 17.9 | 14.4 | 9.1% |
| Taiwan (Chinese) | 8.9 | 3.9 | 6.1 | 14.3 | 17.1% |
| Vietnam | 7.3 | 5.1 | 11.3 | 8.2 | 4.0% |
| Others | 31.5 | 62.5 | 67.1 | 42.1 | 10.2% |
| Total | 319 | 299 | 723 | 663 | 27.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from Singapore in 2022:
- Belgium (97.7K tons)
- India (93.7K tons)
- Thailand (48.5K tons)
- Malaysia (32.0K tons)
- Spain (22.4K tons)
- Indonesia (19.1K tons)
- China (9.1K tons)
- Taiwan (Chinese) (8.2K tons)
- Vietnam (4.0K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Singapore
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; vinyl acetates imported into Singapore reduced to 42K tons, dropping by -7.3% compared with 2021 figures. Over the period under review, imports, however, enjoyed slight growth. The growth pace was the most rapid in 2021 with an increase of 115% against the previous year. As a result, imports attained the peak of 46K tons, and then dropped in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates soared to $55M in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 113% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 40.9 | 17.9 | 38.3 | 54.9 | 10.3% |
| Others | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Total | 40.9 | 18.0 | 38.4 | 55.1 | 10.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Singapore in 2022:
- Japan (42.1K tons)
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