Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Czech Republic - 2023

Contents:

1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Czech Republic (CIF) - 2022
2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Czech Republic (FOB) - 2022
3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Czech Republic
4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Czech Republic

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Czech Republic (CIF) - 2022

In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $1,138 per ton, declining by -38.2% against the previous year. Overall, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs at $1,868 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($1,776 per ton), while the price for Finland ($795 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.1%), while the prices for the other major suppliers experienced a decline.

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Czech Republic (FOB) - 2022

The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,671 per ton in 2022, increasing by 11% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses increased by +51.8% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 59%. As a result, the export price reached the peak level of $3,257 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($3,090 per ton) and Slovakia ($2,694 per ton), while the average price for exports to Poland ($2,114 per ton) and Serbia ($2,274 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Czech Republic

In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses were finally on the rise to reach 1.4K tons after two years of decline. Overall, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses surged to $1.6M in 2022. The total import value increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to the Czech Republic in 2022:

1. Netherlands (449.3 tons)
2. Finland (393.3 tons)
3. Germany (149.1 tons)
4. Belgium (121.1 tons)
5. United Kingdom (113.7 tons)
6. Poland (98.0 tons)
7. Sweden (76.5 tons)
8. Canada (28.7 tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Czech Republic

After three years of growth, shipments abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -45% to 55 tons in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 77%. As a result, the exports reached the peak of 100 tons, and then shrank sharply in the following year.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses shrank notably to $147K in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. As a result, the exports attained the peak of $239K, and then reduced remarkably in the following year.

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from the Czech Republic in 2022:

1. Slovakia (36.5 tons)
2. Serbia (6.7 tons)
3. Poland (5.2 tons)
4. Ukraine (2.9 tons)
5. Germany (2.0 tons)

Source: IndexBox Market Intelligence Platform