Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Italy - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Italy (FOB) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Italy (CIF) - 2023
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Italy
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Italy
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Italy (FOB) - 2023
The average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $2,739 per ton in September 2023, shrinking by -5.3% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 8.2% against the previous month. As a result, the export price reached the peak level of $3,020 per ton. From July 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was South Korea ($3,610 per ton), while the average price for exports to the United States amounted to $1,792 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Italy (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $2,099 per ton in September 2023, reducing by -11.4% against the previous month. In general, import price indicated modest growth from December 2022 to September 2023: its price increased at an average monthly rate of +1.4% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses decreased by -9.9% against June 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 100% m-o-m. As a result, import price attained the peak level of $3,721 per ton. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was India ($2,141 per ton), while the price for China stood at $1,815 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Italy
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses decreased by -16% to 10K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of 12K tons, and then declined dramatically in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses fell to $27M in 2022. The total export value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 41%. As a result, the exports attained the peak of $31M, and then fell in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 12.5 | 7.3 | 9.4 | 9.4 | -9.1% |
| Germany | 1.1 | 2.4 | 6.6 | 6.5 | 80.8% |
| United States | 1.4 | 2.2 | 2.9 | 2.5 | 21.3% |
| Spain | 2.0 | 1.9 | 2.0 | 1.7 | -5.3% |
| France | 0.8 | 1.4 | 1.5 | 1.5 | 23.3% |
| United Kingdom | 1.9 | 1.9 | 1.1 | 1.0 | -19.3% |
| Poland | 0.2 | 0.3 | 0.3 | 0.8 | 58.7% |
| Austria | 0.7 | 0.5 | 0.6 | 0.4 | -17.0% |
| Others | 3.6 | 4.2 | 6.6 | 3.1 | -4.9% |
| Total | 24.2 | 22.1 | 31.0 | 27.1 | 3.8% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from Italy in 2022:
- Belgium (3.5K tons)
- Germany (2.5K tons)
- United States (1.3K tons)
- Spain (0.6K tons)
- France (0.5K tons)
- Poland (0.3K tons)
- United Kingdom (0.3K tons)
- Austria (0.1K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Italy
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses imported into Italy declined dramatically to 11K tons, reducing by -25% against the year before. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 36%. As a result, imports attained the peak of 15K tons, and then contracted sharply in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses dropped to $26M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 36% against the previous year. As a result, imports reached the peak of $29M, and then fell in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 8.6 | 7.9 | 10.3 | 10.2 | 5.9% |
| Belgium | 6.9 | 6.7 | 8.3 | 7.3 | 1.9% |
| Sweden | 4.5 | 1.5 | 4.3 | 3.3 | -9.8% |
| China | 1.1 | 1.1 | 0.8 | 1.1 | 0.0% |
| Spain | 1.0 | 1.0 | 1.4 | 1.1 | 3.2% |
| Slovenia | 1.2 | 1.2 | 1.3 | 0.8 | -12.6% |
| Germany | 0.7 | 0.9 | 1.8 | 0.6 | -5.0% |
| India | 0.3 | 0.2 | 0.1 | 0.4 | 10.1% |
| Others | 1.0 | 1.0 | 1.1 | 1.3 | 9.1% |
| Total | 25.3 | 21.5 | 29.4 | 26.2 | 1.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Italy in 2022:
- Netherlands (4.2K tons)
- Sweden (3.1K tons)
- Belgium (2.4K tons)
- Slovenia (0.3K tons)
- India (0.2K tons)
- Germany (0.2K tons)
- China (0.2K tons)
- Spain (0.2K tons)
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