Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in India - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in India (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in India (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in India
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in India
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in India (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $3,502 per ton, approximately mirroring the previous year. Over the period under review, the import price, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 57% against the previous year. Over the period under review, average import prices reached the peak figure at $5,194 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 the United States ($6,636 per ton), while the price for Finland ($1,379 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in India (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $2,791 per ton, which is down by -18.9% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 135% against the previous year. As a result, the export price reached the peak level of $11,996 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($9,513 per ton), while the average price for exports to Vietnam ($1,543 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 Austria (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in India
In 2022, after three years of growth, there was significant decline in purchases abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids, when their volume decreased by -36.8% to 3K tons. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 18%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids contracted rapidly to $10M in 2022. Overall, imports saw a deep reduction. The smallest decline of -3.3% was in 2021.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.3 | 11.8 | 11.8 | 7.6 | -17.0% |
| United States | 2.2 | 2.4 | 1.4 | 1.3 | -16.1% |
| South Korea | 2.5 | 1.7 | 2.4 | 0.8 | -31.6% |
| Germany | 0.2 | 1.0 | 0.2 | 0.2 | 0.0% |
| Finland | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 0.9 | 0.3 | 0.6 | 0.4 | -23.7% |
| Total | 19.1 | 17.2 | 16.6 | 10.4 | -18.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to India in 2022:
- China (2271.4 tons)
- South Korea (367.5 tons)
- United States (194.6 tons)
- Finland (59.0 tons)
- Germany (34.6 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in India
After three years of growth, overseas shipments of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -24.8% to 1.2K tons in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids declined sharply to $3.3M in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 127% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 613 | 1,197 | 2,434 | 1,363 | 30.5% |
| South Korea | 1.4 | 37.2 | 381 | 664 | 679.9% |
| Vietnam | N/A | 129 | 597 | 448 | 86.4% |
| Spain | 157 | 160 | 183 | 205 | 9.3% |
| South Africa | 152 | 113 | 83.0 | 123 | -6.8% |
| Saudi Arabia | N/A | N/A | N/A | 96.4 | 0% |
| Switzerland | 89.9 | 358 | 639 | 72.8 | -6.8% |
| China | N/A | 134 | 199 | 29.3 | -53.2% |
| Japan | 142 | 619 | 726 | 1.7 | -77.1% |
| Others | 213 | 361 | 189 | 307 | 13.0% |
| Total | 1,369 | 3,108 | 5,431 | 3,311 | 34.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from India in 2022:
- Brazil (472.2 tons)
- Vietnam (290.3 tons)
- South Korea (240.3 tons)
- South Africa (48.4 tons)
- Saudi Arabia (33.9 tons)
- Spain (21.5 tons)
- China (16.4 tons)
- Switzerland (9.8 tons)
- Japan (0.2 tons)
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