Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Finland - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Finland (FOB) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Finland (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Finland
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Finland
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Finland (FOB) - 2023
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $1,460 per ton, with a decrease of -7.9% against the previous month. In general, export price indicated a remarkable increase from December 2022 to September 2023: its price increased at an average monthly rate of +7.6% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -13.6% against May 2023 indices. The growth pace was the most rapid in January 2023 when the average export price increased by 87% against the previous month. The export price peaked at $1,689 per ton in May 2023; however, from June 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 December 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to +8.7% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Finland (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $64,500 per ton, rising by 274% against the previous year. In general, the import price posted a significant increase. The most prominent rate of growth was recorded in 2015 an increase of 1,545%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($103,000 per ton), while the price for Sweden ($30,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Finland
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -39.3% to 806 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 180%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids dropped notably to $1.1M in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 140% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 147 | 217 | 213 | 465 | 46.8% |
| United States | 29.6 | 382 | 589 | 219 | 94.9% |
| Turkey | 133 | 129 | 157 | 174 | 9.4% |
| France | N/A | 1.3 | 71.5 | 90.1 | 732.5% |
| India | 24.3 | 63.4 | 251 | 52.2 | 29.0% |
| Netherlands | N/A | N/A | N/A | 51.6 | 0% |
| Others | 0.9 | 12.8 | 62.1 | N/A | 730.7% |
| Total | 335 | 806 | 1,343 | 1,052 | 46.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Finland in 2022:
- United States (318.3 tons)
- Germany (258.4 tons)
- Turkey (121.6 tons)
- France (47.1 tons)
- Netherlands (30.4 tons)
- India (30.4 tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Finland
In 2022, after three years of growth, there was significant decline in supplies from abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids, when their volume decreased by -96% to 4 kg. In general, imports faced a sharp decrease. The growth pace was the most rapid in 2021 when imports increased by 178% against the previous year. As a result, imports reached the peak of 100 kg, and then contracted notably in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids shrank notably to $258 in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 229% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Finland (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 54.0 | 23.0 | 13.0 | 125 | 32.3% |
| Germany | 83.0 | 766 | 1,713 | 103 | 7.5% |
| Sweden | 41.0 | N/A | N/A | 30.0 | -9.9% |
| China | N/A | 84.0 | N/A | N/A | 0% |
| India | 87.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 265 | 873 | 1,726 | 258 | -0.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Finland in 2022:
- Belgium (2.0 kg)
- Sweden (1.0 kg)
- Germany (1.0 kg)
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