Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids Prices in China
China Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids Export Price in September 2022
In September 2022, the mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids price amounted to $1,728 per ton (FOB, China), flattening at the previous month. Over the period under review, the export price, however, saw a slight curtailment. The growth pace was the most rapid in March 2022 when the average export price increased by 36% m-o-m. As a result, the export price reached the peak level of $2,115 per ton. From April 2022 to September 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Japan ($4,678 per ton), while the average price for exports to Turkey ($680 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
China Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids Exports
In September 2022, exports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters from China declined to 12K tons, dropping by -5.8% against the previous month. Over the period under review, exports saw a pronounced reduction. The most prominent rate of growth was recorded in May 2022 with an increase of 25% m-o-m. Over the period under review, the exports of attained the maximum at 18K tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.
In value terms, exports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters fell to $21M (IndexBox estimates) in September 2022. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in March 2022 when exports increased by 55% m-o-m. Over the period under review, the exports of attained the maximum at 34K tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.
China Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids Exports by Country
India (2.3K tons), Russia (1.6K tons) and Turkey (744 tons) were the main destinations of exports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters from China, together accounting for 38% of total exports. The United States, Mexico, Indonesia, Colombia, South Korea, Brazil, South Africa, Saudi Arabia, Japan and Vietnam lagged somewhat behind, together comprising a further 34%.
From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +30.6%), while the other leaders experienced more modest paces of growth.
In value terms, India ($2.9M), the United States ($1.9M) and Russia ($1.5M) appeared to be the largest markets for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids exported from China worldwide, together accounting for 30% of total exports. These countries were followed by Japan, Indonesia, Mexico, South Korea, Brazil, Turkey, Vietnam, Colombia, South Africa and Saudi Arabia, which together accounted for a further 30%.
Saudi Arabia, with a CAGR of +16.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
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