Saturated Acyclic Monocarboxylic Acids Prices in the United States

U.S. Saturated Acyclic Monocarboxylic Acids Import Price per Ton in June 2022

In June 2022, the saturated acyclic monocarboxylic acids price per ton stood at $2.6K (CIF, US), rising by 5.5% against the previous month. Over the period under review, the import price, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in March 2022 an increase of 373% m-o-m. As a result, import price reached the peak level of $11.8K per ton. From April 2022 to June 2022, 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 Indonesia ($30.5K per ton), while the price for the Netherlands ($764.0 per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+80.9%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Saturated Acyclic Monocarboxylic Acids Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In August 2022, the product with the highest price was lauric acid and other acids, their salts and esters ($4.2K per ton), while the price for acetic anhydride ($640.8 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by palmitic acid, stearic acid, their salts and esters (+4.1%), while the prices for the other products experienced more modest paces of growth.

U.S. Saturated Acyclic Monocarboxylic Acids Imports

In August 2022, supplies from abroad of saturated acyclic monocarboxylic acids increased by 23% to 53K tons, rising for the second month in a row after two months of decline. Overall, total imports indicated strong growth from January 2022 to August 2022: its volume increased at an average monthly rate of +5.3% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports increased by +23.3% against June 2022 indices. The pace of growth appeared the most rapid in April 2022 with an increase of 32% against the previous month. Over the period under review, imports hit record highs in August 2022.

In value terms, saturated acyclic monocarboxylic acids imports surged to $135M (IndexBox estimates) in August 2022. In general, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in March 2022 with an increase of 451% month-to-month. As a result, imports attained the peak of $444M. From April 2022 to August 2022, the growth of imports remained at a lower figure.

U.S. Saturated Acyclic Monocarboxylic Acids Imports by Type

Mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters (11K tons), esters of acetic acid (excluding ethyl acetate) (11K tons) and lauric acid and other acids, their salts and esters (11K tons) were the main products of saturated acyclic monocarboxylic acids imports to the United States, with a combined 61% share of total imports.

From January 2022 to August 2022, the biggest increases were in esters of acetic acid (excluding ethyl acetate) (with a CAGR of +14.3%), while purchases for the other products experienced more modest paces of growth.

In value terms, lauric acid and other acids, their salts and esters ($44M), esters of acetic acid (excluding ethyl acetate) ($29M) and mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters ($21M) constituted the most imported types of saturated acyclic monocarboxylic acids in the United States, with a combined 71% share of total imports.

U.S. Saturated Acyclic Monocarboxylic Acids Imports by Country

Germany (2.8K tons), the Netherlands (2.8K tons) and India (1.9K tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to the United States, together comprising 17% of total imports. China, South Korea, Belgium, Taiwan (Chinese), Canada, Mexico, Sweden and Indonesia lagged somewhat behind, together accounting for a further 16%.

From January 2022 to June 2022, the biggest increases were in South Korea (with a CAGR of +49.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest saturated acyclic monocarboxylic acids suppliers to the United States were Germany ($6.2M), China ($5.2M) and India ($5M), together comprising 14% of total imports. These countries were followed by Mexico, Belgium, South Korea, the Netherlands, Taiwan (Chinese), Sweden, Canada and Indonesia, which together accounted for a further 13%.

South Korea, with a CAGR of +30.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform