Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Hungary - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Hungary (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Hungary (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Hungary
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Hungary
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Hungary (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $3,604 per ton in 2022, growing by 35% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level 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 France ($69,356 per ton), while the price for Romania ($2,259 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Hungary (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $20,409 per ton, declining by -9.3% against the previous year. In general, the export price, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 an increase of 329%. As a result, the export price reached the peak level of $23,247 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($32,986 per ton), while the average price for exports to Kosovo ($2,140 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+76.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Hungary
After three years of growth, purchases abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses decreased by -63.2% to 435 tons in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. As a result, imports attained the peak of 1.2K tons, and then reduced dramatically in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses reduced dramatically to $1.6M in 2022. Overall, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. As a result, imports reached the peak of $3.1M, and then dropped notably in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 303 | 389 | 444 | 496 | 17.9% |
| China | 125 | 134 | 69.6 | 298 | 33.6% |
| Germany | 1,100 | 879 | 559 | 292 | -35.7% |
| Netherlands | 437 | 439 | 480 | 236 | -18.6% |
| Romania | 8.0 | 38.3 | 22.2 | 96.9 | 129.7% |
| Spain | 18.4 | 30.0 | 70.1 | 66.4 | 53.4% |
| Poland | 8.9 | N/A | 1,271 | 14.4 | 17.4% |
| France | 0.3 | 1.8 | 159 | 3.1 | 117.8% |
| Others | 65.0 | 91.1 | 71.6 | 64.6 | -0.2% |
| Total | 2,065 | 2,003 | 3,147 | 1,568 | -8.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Hungary in 2022:
- Belgium (173.3 tons)
- Netherlands (92.2 tons)
- China (78.9 tons)
- Romania (42.9 tons)
- Germany (24.2 tons)
- Spain (6.6 tons)
- Poland (4.6 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Hungary
For the fourth year in a row, Hungary recorded growth in overseas shipments of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses, which increased by 21% to 64 tons in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.4% 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 +97.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 51%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses rose remarkably to $1.3M in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 548% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 174 | 1,021 | 920 | 1,079 | 83.7% |
| Italy | N/A | 57.6 | 161 | 66.3 | 7.3% |
| Ukraine | N/A | 0.5 | 2.0 | 65.1 | 1041.1% |
| Kosovo | N/A | N/A | 10.9 | 34.6 | 217.4% |
| Serbia | 0.6 | 51.7 | 55.1 | 15.1 | 193.1% |
| Romania | N/A | 3.5 | 13.1 | 4.2 | 9.5% |
| Others | 1.3 | 8.7 | 30.1 | 45.4 | 226.9% |
| Total | 176 | 1,143 | 1,193 | 1,310 | 95.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from Hungary in 2022:
- France (36.1 tons)
- Kosovo (16.2 tons)
- Ukraine (3.3 tons)
- Serbia (3.0 tons)
- Italy (2.2 tons)
- Romania (1.8 tons)
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