Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Canada - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Canada (FOB) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Canada (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Canada
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Canada
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Canada (FOB) - 2024
The average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $4,916 per ton in September 2023, with an increase of 4.7% against the previous month. In general, the export price, however, recorded a pronounced descent. The export price peaked at $6,448 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to September 2023, the rate of growth in terms of prices for the United States amounted to -3.3% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Canada (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $910 per ton, shrinking by -3.7% against the previous year. In general, the import price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 7.1% against the previous year. Over the period under review, average import prices reached the maximum at $1,193 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($910 per ton) and South Korea ($910 per ton), while the price for the United States ($908 per ton) and China ($910 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.6%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Canada
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; esters of formic acids exported from Canada soared to 446 tons, jumping by 135% on the year before. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 111,432% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids skyrocketed to $2.3M in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 795,143% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 92.4 | N/A | 1,018 | 2,302 | 192.1% |
| Cuba | 210 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | 1.0 | 216.2% |
| Total | 302 | 0.1 | 1,018 | 2,303 | 96.8% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Canada in 2022:
- United States (445.1 tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Canada
For the fourth year in a row, Canada recorded growth in overseas purchases of acids; saturated acyclic monocarboxylic acids; esters of formic acids, which increased by 255% to 859 tons in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids soared to $782K in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.8 | 62.8 | 96.3 | 598 | 211.4% |
| United States | 105 | 71.7 | 112 | 163 | 15.8% |
| South Korea | 15.6 | 11.4 | 1.4 | 6.0 | -27.3% |
| Others | 7.2 | 19.3 | 18.4 | 14.7 | 26.9% |
| Total | 147 | 165 | 229 | 782 | 74.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Canada in 2022:
- China (656.4 tons)
- United States (180.0 tons)
- South Korea (6.6 tons)
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