Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Germany - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Germany (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Germany (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Germany
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Germany
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Germany (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $2,908 per ton in 2022, surging by 27% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($7,813 per ton), while the average price for exports to France ($2,240 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 the United States (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Germany (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $5,378 per ton, picking up by 21% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% 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; esters of formic acids increased by +56.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 54%. Over the period under review, average import prices reached the peak figure at $5,922 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($16,565 per ton), while the price for Finland ($1,808 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+19.7%), 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 Germany
After three years of growth, shipments abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -43.5% to 2K tons in 2022. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 3.5K tons, and then fell dramatically in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids reduced sharply to $5.7M in 2022. Overall, exports showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 10% against the previous year. As a result, the exports attained the peak of $7.9M, and then contracted remarkably in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,737 | 2,511 | 3,401 | 1,458 | -18.9% |
| France | 342 | 591 | 939 | 1,087 | 47.0% |
| Switzerland | 760 | 723 | 816 | 713 | -2.1% |
| Turkey | 217 | 194 | 198 | 491 | 31.3% |
| Brazil | 195 | 811 | 576 | 384 | 25.3% |
| Italy | 219 | 212 | 258 | 358 | 17.8% |
| Israel | 679 | 344 | 350 | 313 | -22.8% |
| India | 219 | 972 | 221 | 163 | -9.4% |
| Others | 1,180 | 848 | 1,188 | 718 | -15.3% |
| Total | 6,547 | 7,204 | 7,948 | 5,685 | -4.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Germany in 2022:
- United States (595.9 tons)
- France (485.1 tons)
- Turkey (208.1 tons)
- Switzerland (204.0 tons)
- Brazil (164.3 tons)
- Italy (116.0 tons)
- Israel (40.1 tons)
- India (34.5 tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Germany
For the fourth consecutive year, Germany recorded growth in supplies from abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids, which increased by 3.4% to 317 tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $1.7M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 148 | 87.5 | 115 | 436 | 43.4% |
| China | 277 | 145 | 163 | 320 | 4.9% |
| Spain | 75.4 | 113 | 289 | 155 | 27.2% |
| United Kingdom | 196 | 157 | 224 | 150 | -8.5% |
| Mexico | 17.8 | 12.3 | 5.5 | 140 | 98.9% |
| Finland | N/A | 106 | 142 | 88.7 | -8.5% |
| Austria | 0.9 | 6.5 | 79.9 | 45.6 | 270.0% |
| Belgium | 165 | 120 | 33.5 | 33.7 | -41.1% |
| Others | 191 | 178 | 312 | 335 | 20.6% |
| Total | 1,072 | 925 | 1,363 | 1,704 | 16.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Germany in 2022:
- Italy (138.6 tons)
- China (50.1 tons)
- Finland (49.0 tons)
- United Kingdom (27.0 tons)
- Austria (14.4 tons)
- Spain (13.3 tons)
- Mexico (9.1 tons)
- Belgium (3.0 tons)
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