Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belgium - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belgium (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belgium (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belgium
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belgium
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belgium (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $811 per ton, increasing by 36% against the previous year. In general, the import price enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 78% against the previous year. Over the period under review, average import prices attained the maximum at $1,072 per ton in 2019; however, from 2020 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 Netherlands ($1,296 per ton), while the price for China ($626 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belgium (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,047 per ton, with an increase of 18% against the previous year. Over the period under review, the export price showed modest growth. The most prominent rate of growth was recorded in 2018 an increase of 190% against the previous year. The export price peaked at $1,623 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,353 per ton), while the average price for exports to Germany ($806 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 the United States (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belgium
In 2022, imports of acids; saturated acyclic monocarboxylic acids; formic acids into Belgium skyrocketed to 39K tons, picking up by 21% against the previous year. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.8% 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 +55.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 49%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $32M in 2022. In general, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.8 | 7.6 | 10.1 | 16.9 | 52.1% |
| China | 3.0 | 2.1 | 3.3 | 5.7 | 23.9% |
| Finland | N/A | 0.3 | 2.8 | 3.9 | 260.6% |
| Netherlands | 5.2 | 4.5 | 1.9 | 3.7 | -10.7% |
| France | 0.2 | 0.3 | 0.4 | 0.7 | 51.8% |
| Others | 13.7 | 0.3 | 0.7 | 0.8 | -61.2% |
| Total | 26.9 | 15.1 | 19.2 | 31.7 | 5.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Belgium in 2022:
- Germany (21.3K tons)
- China (9.1K tons)
- Finland (4.5K tons)
- Netherlands (2.9K tons)
- France (0.8K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belgium
In 2022, after two years of decline, there was significant growth in overseas shipments of acids; saturated acyclic monocarboxylic acids; formic acids, when their volume increased by 58% to 17K tons. In general, exports, however, showed a deep downturn.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $18M in 2022. Over the period under review, exports, however, continue to indicate a deep slump.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 1.6 | 2.4 | 3.5 | 7.5 | 67.4% |
| Germany | 4.6 | 2.1 | 1.0 | 1.9 | -25.5% |
| Turkey | N/A | 1.0 | 0.7 | 1.8 | 34.2% |
| Netherlands | 1.6 | 1.8 | 1.6 | 1.4 | -4.4% |
| Russia | 0.1 | 0.1 | 0.3 | 1.3 | 135.1% |
| Italy | 0.6 | 0.9 | 0.3 | 0.8 | 10.1% |
| Poland | N/A | 0.5 | 0.2 | 0.6 | 9.5% |
| Spain | 0.3 | 0.5 | 0.2 | 0.2 | -12.6% |
| Others | 12.2 | 2.3 | 1.9 | 2.5 | -41.0% |
| Total | 21.0 | 11.6 | 9.6 | 18.0 | -5.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Belgium in 2022:
- Norway (7.7K tons)
- Germany (2.4K tons)
- Turkey (2.1K tons)
- Netherlands (1.2K tons)
- Russia (1.0K tons)
- Italy (0.6K tons)
- Poland (0.5K tons)
- Spain (0.2K tons)
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