Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Malaysia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Malaysia (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Malaysia (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Malaysia
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Malaysia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Malaysia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,132 per ton, picking up by 5.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 35% against the previous year. The export price peaked at $1,210 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($1,263 per ton) and Indonesia ($1,172 per ton), while the average price for exports to Vietnam ($1,024 per ton) and India ($1,092 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Malaysia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,623 per ton, growing by 6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 61% against the previous year. Over the period under review, average import prices reached the peak figure 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 the United States ($2,548 per ton), while the price for Singapore ($1,461 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Malaysia
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; n-butyl acetates decreased by -41.3% to 37K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2021 when exports increased by 57% against the previous year. As a result, the exports attained the peak of 63K tons, and then declined sharply in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates fell notably to $42M in 2022. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 112% against the previous year. As a result, the exports reached the peak of $68M, and then dropped rapidly in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.9 | 11.3 | 23.7 | 17.0 | 24.1% |
| Thailand | 7.0 | 6.8 | 13.5 | 8.9 | 8.3% |
| Indonesia | 3.1 | 3.2 | 9.2 | 6.1 | 25.3% |
| Philippines | 4.1 | 2.3 | 4.4 | 4.3 | 1.6% |
| Vietnam | 3.1 | 2.7 | 5.3 | 3.5 | 4.1% |
| Japan | 0.8 | 0.4 | 0.5 | 1.1 | 11.2% |
| China | N/A | 4.5 | 9.2 | N/A | 104.4% |
| Others | 0.9 | 0.7 | 1.8 | 1.1 | 6.9% |
| Total | 27.9 | 32.0 | 67.7 | 42.0 | 14.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate from Malaysia in 2022:
- India (15.6K tons)
- Thailand (7.8K tons)
- Indonesia (5.2K tons)
- Philippines (3.4K tons)
- Vietnam (3.4K tons)
- Japan (0.9K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Malaysia
In 2022, after three years of growth, there was significant decline in supplies from abroad of acids; saturated acyclic monocarboxylic acids; n-butyl acetates, when their volume decreased by -35.9% to 2K tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 51% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates dropped dramatically to $3.2M in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 70% against the previous year. As a result, imports reached the peak of $4.8M, and then fell dramatically in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 998 | 860 | 1,466 | 1,575 | 16.4% |
| China | 137 | 297 | 1,343 | 957 | 91.2% |
| United States | 94.0 | 15.5 | 225 | 710 | 96.2% |
| Indonesia | N/A | 420 | 407 | N/A | -3.1% |
| South Africa | 898 | 990 | 485 | N/A | -26.5% |
| Taiwan (Chinese) | 54.0 | 159 | 763 | N/A | 275.9% |
| Others | 312 | 77.5 | 87.1 | 1.8 | -82.1% |
| Total | 2,494 | 2,817 | 4,777 | 3,244 | 9.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to Malaysia in 2022:
- Singapore (1077.8 tons)
- China (641.8 tons)
- United States (278.8 tons)
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