Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Argentina - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Argentina (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Argentina (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Argentina
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Argentina
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Argentina (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $779 per ton in June 2023, dropping by -10.5% against the previous month. Overall, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 8.1% m-o-m. As a result, import price reached the peak level of $871 per ton, and then fell in the following month.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was China ($787 per ton), while the price for the United States amounted to $722 per ton.
From March 2023 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (-1.3%).
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Argentina (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $2,792 per ton in 2022, which is down by -50.1% against the previous year. In general, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 105%. The export price peaked at $6,913 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for Uruguay amounted to -3.4% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Argentina
Imports of acids; saturated acyclic monocarboxylic acids; formic acids into Argentina soared to 20K tons in 2022, with an increase of 133% against 2021 figures. Over the period under review, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $27M in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 146%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Argentina (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.8 | 1.9 | 4.6 | 8.4 | 30.3% |
United States | 1.0 | 1.5 | 3.4 | 4.6 | 66.3% |
Finland | 0.1 | N/A | 0.2 | 0.3 | 44.2% |
Germany | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
Sweden | 0.1 | 0.2 | 0.6 | N/A | 144.9% |
Others | 5.3 | 3.7 | 9.1 | 13.7 | 37.2% |
Total | 10.5 | 7.3 | 18.1 | 27.2 | 37.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Argentina in 2022:
- China (5.7K tons)
- United States (3.6K tons)
- Finland (0.2K tons)
- Germany (0.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Argentina
In 2022, exports of acids; saturated acyclic monocarboxylic acids; formic acids from Argentina soared to 19 tons, with an increase of 28,806% against the previous year. Overall, exports showed 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; formic acids soared to $52K in 2022. In general, exports enjoyed a significant expansion. 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; Formic Acid in Argentina (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | N/A | N/A | N/A | 51.5 | 0% |
Others | 0.1 | 0.7 | 0.4 | 0.2 | 26.0% |
Total | 0.1 | 0.7 | 0.4 | 51.6 | 702.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Argentina in 2022:
- Brazil (18.5 tons)
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