Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Italy - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Italy (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Italy (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Italy
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Italy
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Italy (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $2,975 per ton, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 an increase of 50% against the previous year. The export price peaked at $3,789 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($3,721 per ton), while the average price for exports to Brazil ($2,073 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 Arab Emirates (+6.0%), 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 Italy (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $3,876 per ton, increasing by 15% against the previous year. In general, the import price recorded measured growth. The most prominent rate of growth was recorded in 2013 an increase of 58%. Over the period under review, average import prices hit record highs at $6,722 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($9,545 per ton), while the price for Belgium ($2,470 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Italy
In 2022, approx. 562 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were exported from Italy; increasing by 124% on the year before. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids soared to $1.7M in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 84.8 | 110 | 124 | 480 | 78.2% |
| Algeria | N/A | N/A | N/A | 263 | 0% |
| Croatia | 191 | 199 | 156 | 231 | 6.5% |
| Serbia | 143 | 110 | 88.4 | 167 | 5.3% |
| United Arab Emirates | N/A | N/A | 2.0 | 118 | 5800.0% |
| Brazil | 51.7 | 88.8 | 43.3 | 106 | 27.0% |
| France | 54.4 | 42.2 | 42.9 | 46.1 | -5.4% |
| Poland | 41.9 | 21.0 | 18.0 | 44.8 | 2.3% |
| Austria | 4.2 | 15.4 | 79.8 | 38.4 | 109.1% |
| Albania | 33.2 | 26.3 | 27.4 | 19.4 | -16.4% |
| Turkey | 23.2 | 16.8 | 63.1 | 16.0 | -11.6% |
| Others | 106 | 58.7 | 98.7 | 142 | 10.2% |
| Total | 733 | 689 | 743 | 1,671 | 31.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Italy in 2022:
- Germany (172.7 tons)
- Algeria (77.8 tons)
- Croatia (77.1 tons)
- Serbia (57.7 tons)
- Brazil (51.0 tons)
- United Arab Emirates (35.5 tons)
- Poland (18.7 tons)
- France (17.7 tons)
- Austria (13.2 tons)
- Turkey (7.1 tons)
- Albania (5.0 tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Italy
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; esters of formic acids imported into Italy shrank sharply to 173 tons, reducing by -18.4% compared with the year before. In general, imports continue to indicate a abrupt slump. The smallest decline of -4% was in 2021.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids declined to $672K in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, imports reached the peak of $717K, and then shrank in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 219 | 213 | 257 | 360 | 18.0% |
| Netherlands | 235 | 100 | 92.9 | 92.4 | -26.7% |
| Spain | 41.5 | 21.4 | 55.7 | 59.1 | 12.5% |
| Belgium | 0.5 | 26.2 | 150 | 38.1 | 324.0% |
| Others | 195 | 187 | 161 | 123 | -14.2% |
| Total | 690 | 548 | 717 | 672 | -0.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Italy in 2022:
- Germany (115.3 tons)
- Netherlands (32.3 tons)
- Belgium (15.4 tons)
- Spain (6.2 tons)
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