Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Spain - 2023

Contents:

1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Spain (CIF) - 2023
2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Spain (FOB) - 2022
3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Spain
4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Spain

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Spain (CIF) - 2023

The average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $2,151 per ton in September 2023, reducing by -25.6% against the previous month. In general, the import price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in August 2023 an increase of 35% month-to-month. Over the period under review, average import prices hit record highs at $3,033 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($11,851 per ton), while the price for Sweden ($995 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $3,876 per ton, rising by 5.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 20%. Over the period under review, the average export prices attained the peak figure at $4,714 per ton in 2014; however, from 2015 to 2022, the 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 Turkey ($8,026 per ton), while the average price for exports to the Netherlands ($2,096 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 Poland (+10.7%), 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 Spain

In 2022, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses into Spain declined remarkably to 10K tons, with a decrease of -16.6% compared with the year before. Over the period under review, imports showed a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 3.3% against the previous year.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses fell to $30M in 2022. In general, imports recorded a mild downturn. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of $32M, and then reduced in the following year.

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

1. Germany (4.3K tons)
2. Belgium (1.4K tons)
3. Netherlands (1.2K tons)
4. China (1.2K tons)
5. Sweden (0.8K tons)
6. Italy (0.6K tons)
7. United States (0.3K tons)

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

Exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses from Spain totaled 6K tons in 2022, remaining relatively unchanged against 2021 figures. The total export volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 16%. As a result, the exports attained the peak of 6.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses expanded notably to $23M in 2022. The total export value increased at an average annual rate of +11.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 16% against the previous year. The exports peaked 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 Spain in 2022:

1. Belgium (1645.9 tons)
2. Netherlands (1373.5 tons)
3. Thailand (570.1 tons)
4. Portugal (423.5 tons)
5. Japan (404.5 tons)
6. Germany (307.6 tons)
7. France (208.5 tons)
8. Italy (131.5 tons)
9. Brazil (128.0 tons)
10. Turkey (103.4 tons)
11. China (96.5 tons)
12. Poland (25.0 tons)

Source: IndexBox Market Intelligence Platform