11-Aminoundecanoic Acid Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of 11-Aminoundecanoic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

11-Aminoundecanoic Acid Price Trend for First Half of 2023

The first two quarters of 2023 did not support the surge in the prices of 11-Aminoundecanoic Acid. The trends in Asia were majorly influenced by the declining trajectory of its feedstock castor oil. In the first quarter, castor oil prices declined as weak consumer confidence and declining orders from the downstream industries negatively impacted the market.

The castor oil market in the first two quarters was also affected by the fluctuations in the global supply chains due to disruptions in trade caused by the ongoing Russia-Ukraine crises and also by the slow recovery of the economy from the pandemic. In addition to this, multiple companies-imposed sanctions on the supplies from Russia, and many traders had to re-route their supply routes which aided the rising inflation rates and, thus, negatively impacted the market.

Analyst Insight

According to Procurement Resource, the price trend of 11-Aminoundecanoic Acid is expected to oscillate in the upcoming quarter as the feedstock sector is yet to gain momentum.

11-Aminoundecanoic Acid Price Trend for the Second Half of 2022

11-Aminoundecanoic Acid is derived via the pyrolysis of castor oil, hence, the price trends for 11-Aminoundecanoic Acid directly replicate that of castor oil. Castor oil is one of the very few things that aid the India - China trade deficit a little bit, as China is the biggest buyer of castor oil from India with almost 40 percent of the total castor oil export from India.

But H2 2022, didn’t have much to offer for 11-Aminoundecanoic Acid price trends, as demands fell considerably low from all the world over. The re-emergence of covid 19 in China and its strict no covid policies constrained the downstream facilities. With a sharp decline in market demand, 11-Aminoundecanoic Acid prices observed a steep fall.

The state of Gujrat (India) accounts for a whopping 80 percent of India’s total castor oil exports. But demand destruction affected the market so badly that some crushing facilities had to be shut down, because of not being able to sustain the upstream costs.

Europe suffered high inflation and a serious energy crisis leading to seriously low 11-Aminoundecanoic Acid demands. As global demand for 11-Aminoundecanoic Acid plummeted, the price trends decelerated further.

Analyst insight

According to Procurement Resource, the prices for 11-Aminoundecanoic Acid are expected to remain low, because of demand destruction. And even if the market demands restore, the filled inventories will take care of supplies. So price trends for 11-Aminoundecanoic Acid are not expected to improve anytime soon.

11-Aminoundecanoic Acid Price Trends For the First Half of 2022

11-Aminoundecanoic Acid is commercially obtained via the four-step reaction process from castor oil. India is the largest producer and exporter of castor oil seeds and castor oil in the world, accounting for almost 90% of the supply. During the first five months of the current year, a 10% Y-O-Y decrease was recorded. Since China is the largest importer (40%) of castor oil from India, the domestic challenges in the Chinese domestic market were reciprocated far wide in the Indian market.

The reduced production and demands owing to the covid restrictions hampered the Chinese imports. The prices of castor oil seeds averaged 1300 INR/20kgs in the first five months. Since April-May is the harvest season of castor oil seeds in India, the market supply has improved; also, the renewed production and demand in the Chinese domestic arena post the restrictions caused the price trends for 11-Aminoundecanoic Acid (castor oil) to increase. Towards the end of the second quarter, the price averaged 1445-1560 INR/20 kgs.

Procurement Resource provides latest prices of 11-Aminoundecanoic acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Please Login or Subscribe to explore our dashboard.

About

11-Aminoundecanoic acid is a white crystalline solid with low solubility in water. It belongs to the amines and fatty acids class and is an essential precursor of Nylon-11. On further treatment, the acid constitutes an important class of polyamides and fungicides. 11-aminoundecanoic acid is prepared from undecylenic acid derived from castor oil.

Product Details

Report Features Details
Product Name 11-Aminoundecanoic Acid
HS Number 29224990
CAS Number 2432-99-7
Industrial Uses Polyamides, Fungicides and Insecticides, Pharmaceutical, Food contact materials, Automotives
Chemical Formula C11H23NO2
Synonyms Amino 11, 11-Aminoundecylic acid
Molecular Weight 201.31 g/mol
Supplier Database ATOFINA, BOC Sciences, Simagchem Corporation
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of 11-Aminoundecanoic Acid via four-step reaction process

11-Aminoundecanoic acid is obtained through the pyrolysis of castor oil (ricinoleic acid) with water vapour at elevated temperatures and in the absence of air. Usually, the trans esterified product of ricinoleic acid, i.e., methyl ricinoleate, is made to undergo pyrolysis.

Methyl undecenoate and heptaldehyde thus obtained are subjected to further treatment. Methyl undecenoate is hydrolyzed to obtain undecanoic acid and then reacts with HBr forming bromoundecanoic acid. In the last step, the intermediate is treated with ammonia to get 11-aminoundecanoic acid.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Table Of Contents

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.


Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.


Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.