Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Greece - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Greece (CIF) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Greece
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Greece (CIF) - 2022
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $2,928 per ton in 2022, growing by 34% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses increased by +96.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 47%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
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 Spain ($3,014 per ton), while the price for China ($1,668 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Greece
In 2022, approx. 154 tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were imported into Greece; jumping by 66% compared with the previous year's figure. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses skyrocketed to $450K in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 105 | 40.1 | 121 | 236 | 31.0% |
| Turkey | N/A | N/A | 50.7 | 197 | 288.6% |
| Belgium | N/A | 7.4 | 19.9 | 10.2 | 17.4% |
| South Korea | N/A | 18.0 | N/A | N/A | 0% |
| Netherlands | 69.1 | 36.4 | 8.5 | N/A | -64.9% |
| Others | 2.5 | 21.7 | 2.7 | 6.4 | 36.8% |
| Total | 177 | 124 | 203 | 450 | 36.5% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Greece in 2022:
- Spain (78.4 tons)
- Turkey (66.7 tons)
- Belgium (5.0 tons)
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