Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Norway - 2024

Contents:

1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Norway (CIF) - 2022
2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Norway (FOB) - 2022
3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Norway
4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Norway

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Norway (CIF) - 2022

In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $3,259 per ton, increasing by 11% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% 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; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses increased by +59.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 44%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($11,395 per ton), while the price for the United States ($2,341 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.7%), 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 Norway (FOB) - 2022

In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $6,530 per ton, shrinking by -39.7% against the previous year. Over the period under review, the export price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 55%. As a result, the export price attained the peak level of $14,148 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($8,397 per ton), while the average price for exports to the UK ($5,052 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 Sweden (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Norway

In 2022, after three years of growth, there was significant decline in supplies from abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses, when their volume decreased by -13% to 205 tons. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 57%.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses dropped slightly to $667K in 2022. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 46% against the previous year.

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Norway in 2022:

1. Belgium (103.1 tons)
2. Spain (28.3 tons)
3. United States (27.3 tons)
4. Sweden (19.8 tons)
5. Netherlands (18.0 tons)
6. Germany (3.9 tons)
7. Switzerland (3.4 tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Norway

For the fourth consecutive year, Norway recorded growth in shipments abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses, which increased by 165% to 10 tons in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses surged to $66K in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 115%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from Norway in 2022:

1. United Kingdom (3.0 tons)
2. Sweden (2.5 tons)
3. Turkey (2.3 tons)
4. Myanmar (2.2 tons)

Source: IndexBox Market Intelligence Platform