Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Brazil - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Brazil (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Brazil (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Brazil
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Brazil
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Brazil (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,336 per ton in 2022, surging by 70% against the previous year. In general, the import price enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 123%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($1,507 per ton), while the price for Sweden ($605 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Brazil (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $2,117 per ton in 2022, increasing by 120% against the previous year. In general, the export price saw strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 211% against the previous year. The export price peaked at $3,672 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($2,643 per ton), while the average price for exports to Colombia amounted to $2,108 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Brazil
In 2022, approx. 52K tons of acids; saturated acyclic monocarboxylic acids; formic acids were imported into Brazil; increasing by 4.4% compared with 2021. Overall, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 172%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $70M in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 118% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.1 | 4.1 | 8.4 | 20.5 | 71.0% |
United States | 4.1 | 3.1 | 7.3 | 9.5 | 32.3% |
Sweden | 0.4 | 0.2 | 1.2 | 1.9 | 68.1% |
Germany | 0.9 | 1.0 | 1.0 | 1.2 | 10.1% |
Finland | 0.7 | 0.3 | 0.8 | 1.1 | 16.3% |
Others | 11.6 | 9.3 | 20.5 | 35.5 | 45.2% |
Total | 21.7 | 18.0 | 39.3 | 69.7 | 47.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Brazil in 2022:
- China (14.6K tons)
- United States (7.4K tons)
- Sweden (3.2K tons)
- Germany (1.0K tons)
- Finland (0.7K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Brazil
In 2022, after three years of growth, there was significant decline in overseas shipments of acids; saturated acyclic monocarboxylic acids; formic acids, when their volume decreased by -67.9% to 53 tons. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 716% against the previous year. As a result, the exports attained the peak of 166 tons, and then declined dramatically in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids shrank markedly to $113K in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 438%. As a result, the exports attained the peak of $160K, and then reduced remarkably in the following year.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | N/A | N/A | N/A | 55.7 | 0% |
Argentina | N/A | 3.5 | 64.2 | 0.7 | -55.3% |
Haiti | N/A | 5.2 | N/A | N/A | 0% |
Paraguay | N/A | N/A | 6.6 | N/A | 0% |
United States | 17.7 | N/A | N/A | N/A | 0% |
Honduras | N/A | 6.1 | 9.2 | N/A | 50.8% |
Others | 25.0 | 14.8 | 79.9 | 56.4 | 31.2% |
Total | 42.7 | 29.7 | 160 | 113 | 38.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Brazil in 2022:
- Colombia (26.4 tons)
- Argentina (0.3 tons)
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