Spain - Saturated Acyclic Monocarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingImport of Saturated Acyclic Monocarboxylic Acids in Spain Drops to $36M in August 2023
Spain Saturated Acyclic Monocarboxylic Acids Imports
In August 2023, saturated acyclic monocarboxylic acids imports into Spain expanded modestly to 25K tons, with an increase of 3.6% compared with the previous month. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when imports increased by 31% m-o-m.
In value terms, saturated acyclic monocarboxylic acids imports declined to $36M (IndexBox estimates) in August 2023. Over the period under review, imports, however, showed a pronounced descent. The most prominent rate of growth was recorded in January 2023 with an increase of 28% month-to-month.
| COUNTRY | Import Value of Saturated Acyclic Monocarboxylic Acids in Spain (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
| Germany | 6.6 | 7.7 | 8.4 | 8.0 | 8.1 | 11.2 | 9.7 | 12.1 | 8.3 | 9.1 | 8.4 | 10.7 | 7.0 |
| China | 6.2 | 9.6 | 6.2 | 6.9 | 3.7 | 5.0 | 4.5 | 6.9 | 6.9 | 7.3 | 5.3 | 4.4 | 5.5 |
| Belgium | 10.5 | 9.6 | 5.8 | 9.7 | 5.2 | 6.8 | 7.7 | 11.2 | 7.7 | 7.0 | 8.2 | 6.4 | 5.0 |
| Saudi Arabia | 5.7 | 4.8 | 4.0 | 5.9 | 4.6 | 4.3 | 2.6 | 4.9 | 2.0 | 2.9 | 3.6 | 0.4 | 3.8 |
| France | 1.9 | 2.4 | 1.9 | 3.3 | 2.8 | 3.6 | 3.6 | 3.8 | 3.2 | 4.0 | 3.8 | 2.4 | 3.3 |
| Netherlands | 4.9 | 5.4 | 5.8 | 7.0 | 5.0 | 5.0 | 7.2 | 4.6 | 4.1 | 3.6 | 3.3 | 3.2 | 2.3 |
| Singapore | 8.8 | 2.9 | 1.3 | 1.0 | 2.9 | 2.7 | 3.1 | 2.8 | 0.7 | 0.7 | 2.9 | 3.2 | 0.7 |
| Others | 11.0 | 10.2 | 9.8 | 10.4 | 8.2 | 13.3 | 8.9 | 13.1 | 12.7 | 11.5 | 10.6 | 8.4 | 8.7 |
| Total | 55.7 | 52.8 | 43.2 | 52.0 | 40.4 | 51.8 | 47.4 | 59.4 | 45.5 | 46.1 | 46.1 | 39.1 | 36.4 |
Imports by Country
Saudi Arabia (4.6K tons), China (4.4K tons) and Germany (3.7K tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Spain, with a combined 51% share of total imports. Belgium, France, the Netherlands and Singapore lagged somewhat behind, together comprising a further 27%.
From August 2022 to August 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +20.4%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Germany ($7M), China ($5.5M) and Belgium ($5M) were the largest saturated acyclic monocarboxylic acids suppliers to Spain, with a combined 48% share of total imports. Saudi Arabia, France, the Netherlands and Singapore lagged somewhat behind, together accounting for a further 28%.
France, with a CAGR of +4.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Imports by Type
Esters of acetic acid (excluding ethyl acetate) (7.5K tons), acetic acid (4.7K tons) and formic acid, its salts and esters (4.2K tons) were the main products of saturated acyclic monocarboxylic acids imports to Spain, with a combined 67% share of total imports.
From August 2022 to August 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by formic acid, its salts and esters (with a CAGR of +6.8%), while imports for the other products experienced more modest paces of growth.
In value terms, the most traded types of saturated acyclic monocarboxylic acids in Spain were esters of acetic acid (excluding ethyl acetate) ($11M), lauric acid and other acids, their salts and esters ($7.4M) and mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters ($4.3M), together comprising 62% of total imports. Formic acid, its salts and esters, acetic acid, palmitic acid, stearic acid, their salts and esters, ethyl acetate, salts of acetic acid and acetic anhydride lagged somewhat behind, together accounting for a further 38%.
Import Prices by Country
In August 2023, the saturated acyclic monocarboxylic acids price amounted to $1,479 per ton (CIF, Spain), declining by -10.1% against the previous month. Over the period under review, the import price showed a perceptible downturn. The growth pace was the most rapid in December 2022 an increase of 21% against the previous month. As a result, import price attained the peak level of $2,313 per ton. From January 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($2,800 per ton), while the price for Saudi Arabia ($832 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sweden (-0.3%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143215 - Ethyl acetate
- Prodcom 20143219 - Esters of acetic acid (excluding ethyl acetate)
- Prodcom 20143220 - Mono-, di- or tri-chloroacetic acids, propionic, butanoic and pentanoic acids, their salts and esters
- Prodcom 20143230 -
- Prodcom 20143240 -
- Prodcom 20143250 - Formic acid, its salts and esters
- Prodcom 20143271 - Acetic acid
- Prodcom 20143278 - Salts of acetic acid
- Prodcom 20143280 - Lauric acid and others, salts and esters
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
