Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Canada - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Canada (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Canada (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Canada
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Canada
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Canada (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,569 per ton in 2022, picking up by 32% against the previous year. In general, the import price recorded a measured increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 123% against the previous year. As a result, import price attained the peak level of $2,686 per ton. From 2017 to 2022, the average import prices remained 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 Germany ($5,323 per ton), while the price for China ($904 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Canada (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $439 per ton, declining by -53.4% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2016 an increase of 185%. Over the period under review, the average export prices attained the maximum at $1,864 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,093 per ton), while the average price for exports to Thailand ($309 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 (+5.6%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Canada
In 2022, imports of acids; saturated acyclic monocarboxylic acids; formic acids into Canada skyrocketed to 6K tons, picking up by 42% against 2021. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $9.5M in 2022. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 779 | 612 | 1,146 | 2,540 | 48.3% |
| China | 1,015 | 764 | 983 | 1,319 | 9.1% |
| Netherlands | 356 | 187 | 211 | 695 | 25.0% |
| Others | 2,459 | 1,835 | 2,705 | 4,899 | 25.8% |
| Total | 4,609 | 3,398 | 5,045 | 9,452 | 27.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Canada in 2022:
- United States (1.5K tons)
- China (1.5K tons)
- Netherlands (0.3K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Canada
In 2022, exports of acids; saturated acyclic monocarboxylic acids; formic acids from Canada surged to 756 tons, with an increase of 3,937% against 2021 figures. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $332K in 2022. Overall, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | N/A | N/A | N/A | 57.3 | 0% |
| United States | 96.4 | 72.5 | 8.0 | 55.9 | -16.6% |
| Thailand | N/A | N/A | N/A | 52.8 | 0% |
| Australia | N/A | 24.2 | N/A | N/A | 0% |
| Others | 99.9 | 97.5 | 9.6 | 166 | 18.4% |
| Total | 196 | 194 | 17.7 | 332 | 19.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Canada in 2022:
- Oman (184.5 tons)
- Thailand (170.9 tons)
- United States (26.7 tons)
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