Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Venezuela - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Venezuela (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Venezuela
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Venezuela (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $1,993 per ton, rising by 3.8% against the previous year. In general, the import price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2013 an increase of 19% against the previous year. As a result, import price reached the peak level of $8,968 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($4,148 per ton), while the price for the United States ($532 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-5.0%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Venezuela
For the fourth consecutive year, Venezuela recorded growth in supplies from abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids, which increased by 2.2% to 25 tons in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids totaled $51K in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 16%. 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 Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 26.5 | 29.3 | 30.8 | 32.0 | 6.5% |
| United Kingdom | 7.7 | 11.4 | 13.1 | 15.0 | 24.9% |
| United States | 2.2 | 2.2 | 2.1 | 1.9 | -4.8% |
| Colombia | 1.9 | 1.8 | 1.6 | 1.4 | -9.7% |
| Others | 0.3 | 0.2 | 0.1 | 0.3 | 0.0% |
| Total | 38.6 | 44.9 | 47.7 | 50.6 | 9.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Venezuela in 2022:
- United Kingdom (13.3 tons)
- Brazil (7.7 tons)
- United States (3.6 tons)
- Colombia (0.7 tons)
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