Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Denmark - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Denmark (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Denmark (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Denmark
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Denmark
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Denmark (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,168 per ton, picking up by 48% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; formic acids increased by +95.3% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($1,242 per ton) and the Netherlands ($1,223 per ton), while the price for Hong Kong SAR ($970 per ton) and China ($1,029 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Denmark (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,307 per ton in 2022, with an increase of 35% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Faroe Islands ($1,395 per ton), while the average price for exports to Finland ($865 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 Faroe Islands (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Denmark
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; formic acids imported into Denmark contracted notably to 8.8K tons, declining by -16% on 2021 figures. In general, imports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $10M in 2022. Overall, imports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 57%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,008 | 1,214 | 2,191 | 3,509 | 20.4% |
| China | 2,322 | 1,515 | 1,575 | 2,264 | -0.8% |
| Sweden | 160 | 216 | 902 | 1,213 | 96.4% |
| Finland | 407 | 290 | 476 | 1,091 | 38.9% |
| Belgium | 444 | 452 | 294 | 900 | 26.6% |
| Hong Kong SAR | 71.9 | 624 | 912 | 187 | 37.5% |
| Netherlands | 974 | 162 | 275 | 154 | -45.9% |
| Others | 6,499 | 821 | 1,676 | 987 | -46.6% |
| Total | 12,885 | 5,294 | 8,300 | 10,306 | -7.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Denmark in 2022:
- Germany (3.3K tons)
- China (2.2K tons)
- Sweden (1.1K tons)
- Finland (1.0K tons)
- Belgium (0.7K tons)
- Hong Kong SAR (0.2K tons)
- Netherlands (0.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Denmark
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; formic acids exported from Denmark dropped significantly to 1.9K tons, with a decrease of -18.6% against the previous year. Over the period under review, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids rose significantly to $2.5M in 2022. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Faroe Islands | 497 | 617 | 1,052 | 1,388 | 40.8% |
| Norway | 922 | 779 | 682 | 779 | -5.5% |
| Sweden | 332 | 203 | 388 | 205 | -14.8% |
| Iceland | 152 | 19.2 | 46.4 | 118 | -8.1% |
| Poland | N/A | N/A | N/A | 45.4 | 0% |
| Others | 1,970 | 75.0 | 140 | 6.4 | -85.2% |
| Total | 3,873 | 1,693 | 2,309 | 2,542 | -13.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Denmark in 2022:
- Faroe Islands (995.0 tons)
- Norway (616.1 tons)
- Sweden (205.9 tons)
- Iceland (89.5 tons)
- Poland (33.0 tons)
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