Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Spain - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Spain (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Spain (FOB) - 2023
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Spain
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Spain
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Spain (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $1,768 per ton in 2022, increasing by 36% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates increased by +126.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 67% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($1,984 per ton), while the price for Germany ($1,202 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Spain (FOB) - 2023
The average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $905 per ton in October 2023, shrinking by -2.4% against the previous month. Overall, the export price recorded a noticeable decrease. The pace of growth was the most pronounced in February 2023 an increase of 9.9% against the previous month. The export price peaked at $1,630 per ton in November 2022; however, from December 2022 to October 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In October 2023, the country with the highest price was Portugal ($1,133 per ton), while the average price for exports to Morocco amounted to $775 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (-3.5%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Spain
Imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates into Spain contracted rapidly to 64K tons in 2022, which is down by -25% on the year before. Overall, imports showed a mild downturn. The pace of growth was the most pronounced in 2021 with an increase of 43%. As a result, imports reached the peak of 85K tons, and then dropped significantly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates expanded modestly to $113M in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 139%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 22.0 | 19.7 | 48.1 | 52.6 | 33.7% |
| Singapore | 23.0 | 14.7 | 44.7 | 41.5 | 21.7% |
| Belgium | 5.2 | 3.5 | 15.8 | 18.5 | 52.7% |
| Germany | 4.2 | 4.7 | 0.2 | N/A | -78.2% |
| Others | 5.3 | 3.8 | 2.0 | 0.5 | -54.5% |
| Total | 59.7 | 46.5 | 111 | 113 | 23.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Spain in 2022:
- Saudi Arabia (26.5K tons)
- Singapore (22.5K tons)
- Belgium (14.7K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Spain
In 2022, approx. 8.1K tons of acids; saturated acyclic monocarboxylic acids; vinyl acetates were exported from Spain; declining by -30.9% on the previous year's figure. Overall, exports saw a slight decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 49% against the previous year. As a result, the exports reached the peak of 12K tons, and then plummeted in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates fell to $17M in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 144% against the previous year. As a result, the exports reached the peak of $18M, and then declined in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 4.8 | 5.1 | 13.1 | 12.8 | 38.7% |
| Morocco | 0.8 | N/A | 1.6 | 2.8 | 51.8% |
| France | 1.8 | 0.3 | 2.5 | 1.2 | -12.6% |
| Italy | N/A | 0.3 | 0.7 | 0.1 | -42.3% |
| Tunisia | 0.8 | 0.3 | N/A | N/A | -62.5% |
| Others | 0.5 | 1.6 | 0.5 | 0.2 | -26.3% |
| Total | 8.7 | 7.6 | 18.5 | 17.1 | 25.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from Spain in 2022:
- Portugal (5.8K tons)
- Morocco (1.6K tons)
- France (0.5K tons)
- Italy (0.1K tons)
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