Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belarus - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belarus (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belarus (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belarus
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belarus
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belarus (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,536 per ton, jumping by 16% against the previous year. Over the period under review, the import price saw a slight increase. The pace of growth was the most pronounced in 2017 an increase of 88%. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,193 per ton), while the price for China ($521 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.7%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belarus (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,105 per ton in 2022, which is down by -84.1% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 837%. As a result, the export price reached the peak level of $6,952 per ton, and then fell rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($2,579 per ton), while the average price for exports to Russia amounted to $1,092 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-11.8%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belarus
After three years of growth, supplies from abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -3.8% to 286 tons in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 749% against the previous year. As a result, imports attained the peak of 298 tons, and then shrank modestly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids rose markedly to $439K in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 640% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.7 | 27.3 | 198 | 183 | 166.2% |
| Russia | 1.9 | 3.0 | 124 | 101 | 276.0% |
| Poland | 0.6 | 0.2 | 15.9 | 91.0 | 433.3% |
| Lithuania | 0.1 | 0.4 | 29.8 | 50.6 | 696.9% |
| China | 4.1 | 5.1 | 23.8 | 12.3 | 44.2% |
| Others | 11.0 | 17.2 | 2.2 | 1.3 | -50.9% |
| Total | 27.5 | 53.2 | 394 | 439 | 151.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Belarus in 2022:
- Russia (99.8 tons)
- Poland (73.6 tons)
- Germany (43.7 tons)
- Lithuania (43.2 tons)
- China (23.6 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belarus
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; formic acids was finally on the rise to reach 2.1 tons after two years of decline. Overall, exports, however, recorded a precipitous decrease.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids reduced to $2.4K in 2022. In general, exports, however, faced a dramatic setback. The smallest decline of -4.8% was in 2021.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 4.7 | 1.3 | 0.1 | 2.3 | -21.2% |
| Kazakhstan | N/A | N/A | 2.4 | N/A | 0% |
| Others | 4.7 | 1.3 | N/A | N/A | -72.3% |
| Total | 9.3 | 2.6 | 2.5 | 2.4 | -36.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Belarus in 2022:
- Russia (2.1 tons)
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