Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Australia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Australia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Australia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Australia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Australia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Australia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $2,462 per ton, picking up by 42% against the previous year. Overall, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 262% against the previous year. The import price peaked at $3,394 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 UK ($5,215 per ton), while the price for China totaled $1,162 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%).
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Australia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,620 per ton in 2022, declining by -66.1% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 61%. As a result, the export price attained the peak level of $7,954 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($2,073 per ton), while the average price for exports to New Zealand totaled $1,536 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+3.4%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Australia
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -0.1% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.7% 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 +98.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 76%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $2.6M in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 104% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 355 | 397 | 855 | 1,231 | 51.4% |
| Others | 467 | 511 | 995 | 1,401 | 44.2% |
| Total | 822 | 907 | 1,851 | 2,632 | 47.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Australia in 2022:
- China (1059.1 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Australia
In 2022, exports of acids; saturated acyclic monocarboxylic acids; formic acids from Australia soared to 28 tons, jumping by 2,058% compared with the previous year. In general, exports continue to indicate 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 $46K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,308% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 0.8 | 11.3 | 0.5 | 21.2 | 198.1% |
| Philippines | N/A | N/A | 2.2 | N/A | 0% |
| Others | 0.8 | 11.3 | 3.5 | 24.4 | 212.4% |
| Total | 1.6 | 22.7 | 6.2 | 45.5 | 205.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Australia in 2022:
- New Zealand (13.8 tons)
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