Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Chile - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Chile (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Chile (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Chile
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Chile
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Chile (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $2,691 per ton in 2022, picking up by 227% against the previous year. Over the period under review, the import price enjoyed a tangible expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 China ($1,357 per ton), while the price for Germany ($722 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Chile (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $4,574 per ton, with an increase of 120% against the previous year. Over the period under review, the export price showed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Peru.
From 2014 to 2022, the rate of growth in terms of prices for Argentina amounted to +122.5% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Chile
In 2022, after three years of growth, there was significant decline in supplies from abroad of acids; saturated acyclic monocarboxylic acids; formic acids, when their volume decreased by -51.7% to 3.6K tons. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 212%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $9.8M in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 118% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,035 | 985 | 2,376 | 4,413 | 62.2% |
| United States | 260 | 255 | 520 | 446 | 19.7% |
| Germany | 25.1 | 101 | 112 | 6.6 | -35.9% |
| Others | 1,397 | 1,504 | 3,188 | 4,915 | 52.1% |
| Total | 2,718 | 2,846 | 6,197 | 9,780 | 53.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Chile in 2022:
- China (3252.1 tons)
- United States (354.7 tons)
- Germany (9.2 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Chile
In 2022, after two years of growth, there was significant decline in shipments abroad of acids; saturated acyclic monocarboxylic acids; formic acids, when their volume decreased by -89.6% to 29 tons. Overall, exports recorded a significant decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 232% against the previous year. As a result, the exports attained the peak of 278 tons, and then dropped notably in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids shrank dramatically to $133K in 2022. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 271% against the previous year. As a result, the exports attained the peak of $579K, and then contracted rapidly in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Chile (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Peru | 77.6 | 290 | 65.3 | -8.3% |
| Others | 78.6 | 290 | 67.7 | -7.2% |
| Total | 156 | 579 | 133 | -7.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Chile in 2022:
- Peru (29.0 tons)
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