Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Venezuela - 2022

Contents:

1. Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Venezuela (FOB) - 2022
2. Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Venezuela (CIF) - 2022
3. Exports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Venezuela
4. Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Venezuela

Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Venezuela (FOB) - 2022

In 2022, the average export price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses amounted to $2,429 per ton, dropping by -4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2018 an increase of 32%. As a result, the export price attained the peak level of $2,818 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +0.0% per year.

Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Venezuela (CIF) - 2022

In 2022, the average import price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses amounted to $1,223 per ton, surging by 9.5% against the previous year. In general, the import price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2013 an increase of 238% against the previous year. As a result, import price reached the peak level of $8,329 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 United States ($1,410 per ton), while the price for China ($237 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-4.9%), while the prices for the other major suppliers experienced a decline.

Exports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Venezuela

In 2022, after three years of growth, there was decline in overseas shipments of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses, when their volume decreased by -4.4% to 728 tons. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.3% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 43% against the previous year.

In value terms, exports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses declined to $1.8M in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 20%.

Top Export Markets for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters from Venezuela in 2022:

1. Colombia (728.5 tons)

Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Venezuela

In 2022, after three years of growth, there was decline in supplies from abroad of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses, when their volume decreased by -4.1% to 22 tons. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year.

In value terms, imports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses rose to $26K in 2022. Over the period under review, imports continue to indicate a noticeable downturn.

Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters to Venezuela in 2022:

1. United States (18.0 tons)
2. China (3.1 tons)
3. India (0.5 tons)

Source: IndexBox Market Intelligence Platform