Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Austria - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Austria (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Austria (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Austria
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Austria
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Austria (CIF) - 2023
In August 2023, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,122 per ton, reducing by -15.5% against the previous month. Overall, import price indicated a moderate expansion from December 2022 to August 2023: its price increased at an average monthly rate of +3.2% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, import price for acids; saturated acyclic monocarboxylic acids; formic acids decreased by -15.5% against July 2023 indices. The pace of growth was the most pronounced in June 2023 when the average import price increased by 46% against the previous month. Over the period under review, average import prices reached the maximum at $1,442 per ton in February 2023; however, from March 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($1,905 per ton), while the price for Italy ($237 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Austria (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,917 per ton, jumping by 16% against the previous year. Over the period under review, the export price, however, continues to indicate a mild slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by 298%. The export price peaked at $2,249 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($20,545 per ton), while the average price for exports to Slovenia ($1,247 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 Mexico (+61.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Austria
In 2022, imports of acids; saturated acyclic monocarboxylic acids; formic acids into Austria dropped markedly to 2.6K tons, which is down by -17.1% against the previous year. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids reached $2.6M in 2022. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 826 | 798 | 1,221 | 1,511 | 22.3% |
| Sweden | 149 | 135 | 207 | 289 | 24.7% |
| Slovenia | 233 | 170 | 184 | 130 | -17.7% |
| France | 40.8 | 29.3 | 21.6 | 119 | 42.9% |
| Italy | 35.9 | 14.3 | 127 | 109 | 44.8% |
| Finland | 208 | 125 | 211 | 109 | -19.4% |
| Netherlands | 212 | 97.0 | 163 | 97.6 | -22.8% |
| China | 41.8 | N/A | 204 | 34.2 | -6.5% |
| Others | 2,082 | 199 | 211 | 243 | -51.1% |
| Total | 3,828 | 1,567 | 2,550 | 2,643 | -11.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Austria in 2022:
- Germany (1467.1 tons)
- Italy (451.2 tons)
- Sweden (218.3 tons)
- Slovenia (115.7 tons)
- France (94.3 tons)
- Finland (81.1 tons)
- Netherlands (77.0 tons)
- China (24.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Austria
In 2022, approx. 148 tons of acids; saturated acyclic monocarboxylic acids; formic acids were exported from Austria; shrinking by -23.2% against the previous year's figure. Overall, exports recorded a sharp downturn. The smallest decline of -1.4% was in 2021.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids declined to $283K in 2022. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 0.2 | 102 | 88.7 | 102 | 699.0% |
| Slovenia | 182 | 137 | 114 | 89.6 | -21.0% |
| Russia | 0.5 | 3.9 | 4.9 | 54.5 | 377.7% |
| Romania | 1.3 | 1.6 | 5.5 | 20.9 | 152.4% |
| Germany | 0.8 | 0.1 | 76.9 | 0.1 | -50.0% |
| Hungary | 13.3 | 7.1 | N/A | N/A | -46.6% |
| Others | 213 | 24.8 | 27.6 | 16.5 | -57.4% |
| Total | 411 | 276 | 318 | 283 | -11.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Austria in 2022:
- Slovenia (71.8 tons)
- Switzerland (67.6 tons)
- Romania (3.4 tons)
- Russia (2.7 tons)
- Germany (0.1 tons)
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