Puerto Rico: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Puerto Rico

The Puerto Rican saturated acyclic monocarboxylic acids market declined slightly to $X in 2021, approximately equating the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by +0.1% against 2019 indices. Puerto Rico consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Puerto Rico

In value terms, saturated acyclic monocarboxylic acids production contracted to $X in 2021 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.8% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 61%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Puerto Rico

In 2021, saturated acyclic monocarboxylic acids exports from Puerto Rico was estimated at less than X kg, therefore, remained relatively stable against the previous year's figure. In general, exports showed a relatively flat trend pattern.

In value terms, saturated acyclic monocarboxylic acids exports totaled less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, China (X tons), distantly followed by the United States (X tons), Belgium (X tons), Germany (X tons) and Indonesia (X tons) represented the main exporters of saturated acyclic monocarboxylic acids, together achieving 67% of total exports. The Netherlands (X tons), Singapore (X tons), Malaysia (X tons), India (X tons), South Korea (X tons), Saudi Arabia (X tons), the UK (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +15.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest saturated acyclic monocarboxylic acids supplying countries from Puerto Rico were China ($X), Belgium ($X) and the United States ($X), together comprising 46% of total exports. These countries were followed by Germany, the Netherlands, India, Indonesia, Singapore, Malaysia, Japan, the UK, South Korea and Saudi Arabia, which together accounted for a further 39%.

Indonesia, with a CAGR of +15.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price recorded a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.8%), while the other leaders experienced more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Puerto Rico

In 2021, the amount of saturated acyclic monocarboxylic acids imported into Puerto Rico was estimated at less than X kg, stabilizing at 2020 figures. Overall, imports recorded a relatively flat trend pattern.

In value terms, saturated acyclic monocarboxylic acids imports stood at less than $X in 2021. In general, imports saw a relatively flat trend pattern.

Imports by Country

India (X tons) and Belgium (X tons) represented roughly 29% of total imports in 2021. It was distantly followed by Germany (X tons) and the Netherlands (X tons), together committing a 12% share of total imports. The United States (X tons), China (X tons), Italy (X tons), Japan (X tons), Thailand (X tons), South Korea (X tons), Mexico (X tons), Turkey (X tons) and Spain (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and India ($X) constituted the countries with the highest levels of imports in 2021, together comprising 30% of total imports.

Among the main importing countries, the United States, with a CAGR of +14.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :