Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Singapore - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Singapore (FOB) - 2023
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Singapore (CIF) - 2023
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Singapore
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Singapore
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Singapore (FOB) - 2023
In September 2022, the average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $1,859 per ton, remaining stable against the previous month. Over the last three-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 6.7% against the previous month. As a result, the export price attained the peak level of $1,919 per ton; afterwards, it flattened through to September 2022.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From June 2022 to September 2022, the rate of growth in terms of prices for Malaysia amounted to +1.4% per month.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Singapore (CIF) - 2023
In September 2022, the average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $1,362 per ton, declining by -5.7% against the previous month. Over the period under review, the import price recorded a deep contraction. As a result, import price reached the peak level of $1,715 per ton. From July 2022 to September 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was Malaysia ($1,509 per ton), while the price for Japan stood at $1,325 per ton.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-4.4%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Singapore
In 2022, after three years of growth, there was decline in shipments abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses, when their volume decreased by -0.5% to 43K tons. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.1% 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 +82.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 38%.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses reached $56M in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 50%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 22.9 | 33.4 | 52.0 | 52.7 | 32.0% |
| India | 4.1 | 1.5 | 0.9 | 1.4 | -30.1% |
| Others | 1.9 | 1.8 | 2.0 | 2.3 | 6.6% |
| Total | 28.9 | 36.7 | 54.9 | 56.4 | 25.0% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Singapore in 2022:
- Malaysia (42.1K tons)
- India (0.7K tons)
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Singapore
After three years of growth, purchases abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -8.2% to 32K tons in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 136% against the previous year. As a result, imports attained the peak of 35K tons, and then contracted in the following year.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses declined modestly to $35M in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 161% against the previous year. As a result, imports attained the peak of $36M, and then dropped in the following year.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.0 | 4.3 | 16.6 | 18.1 | 162.6% |
| Indonesia | 2.3 | 2.6 | 8.8 | 8.2 | 52.8% |
| Malaysia | 4.9 | 6.2 | 7.2 | 7.0 | 12.6% |
| China | 1.8 | 0.4 | 3.0 | 1.1 | -15.1% |
| Others | 0.4 | 0.2 | 0.3 | 0.5 | 7.7% |
| Total | 10.4 | 13.7 | 35.9 | 34.9 | 49.7% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Singapore in 2022:
- Japan (17.3K tons)
- Indonesia (8.0K tons)
- Malaysia (6.2K tons)
- China (0.2K tons)
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