Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Finland - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Finland (FOB) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Finland (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Finland
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Finland
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Finland (FOB) - 2024
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $744 per ton, flattening at the previous month. Overall, the export price saw a pronounced downturn. The pace of growth was the most pronounced in June 2023 when the average export price increased by 16% month-to-month. As a result, the export price attained the peak level of $919 per ton. From July 2023 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($1,745 per ton), while the average price for exports to Mexico ($559 per ton) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Finland (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $931 per ton, falling by -3.8% against the previous year. In general, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 246% against the previous year. The import price peaked at $2,027 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 ($1,610 per ton), while the price for Belgium ($784 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Finland
In 2022, approx. 56K tons of acids; saturated acyclic monocarboxylic acids; formic acids were exported from Finland; with a decrease of -8% against the previous year. Over the period under review, exports saw a abrupt shrinkage.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $46M in 2022. The total export value increased at an average annual rate of +25.2% over the period from 2021 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Finland (Million USD) | |||
|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 |
| Netherlands | 12.3 | 14.1 | 14.6% |
| Italy | 3.3 | 5.9 | 78.8% |
| Spain | 2.1 | 5.9 | 181.0% |
| Norway | 6.2 | 4.0 | -35.5% |
| Germany | 2.1 | 3.8 | 81.0% |
| Switzerland | 1.3 | 1.9 | 46.2% |
| India | 1.2 | 1.8 | 50.0% |
| Belgium | 0.7 | 1.5 | 114.3% |
| United Kingdom | 1.0 | 1.2 | 20.0% |
| Sweden | 0.9 | 1.2 | 33.3% |
| Denmark | 0.9 | 0.5 | -44.4% |
| Poland | 0.9 | 0.2 | -77.8% |
| Others | 3.7 | 4.0 | 8.1% |
| Total | 36.7 | 46.0 | 25.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Finland in 2022:
- Netherlands (26.8K tons)
- Spain (6.5K tons)
- Italy (5.1K tons)
- Norway (3.7K tons)
- Germany (3.0K tons)
- Belgium (2.1K tons)
- India (1.3K tons)
- Switzerland (1.3K tons)
- United Kingdom (1.0K tons)
- Sweden (1.0K tons)
- Denmark (0.5K tons)
- Poland (0.2K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Finland
In 2022, after two years of decline, there was significant growth in supplies from abroad of acids; saturated acyclic monocarboxylic acids; formic acids, when their volume increased by 41% to 703 tons. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $654K in 2022. In general, imports, however, continue to indicate a abrupt contraction.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1.8 | 1.5 | 131 | 439 | 524.8% |
| Sweden | 5.7 | 109 | 239 | 173 | 211.9% |
| Germany | 293 | 404 | 90.9 | 35.0 | -50.8% |
| Norway | 137 | N/A | N/A | N/A | 0% |
| China | 30.0 | N/A | N/A | N/A | 0% |
| Others | 568 | 8.2 | 21.6 | 7.2 | -76.7% |
| Total | 1,035 | 522 | 483 | 654 | -14.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Finland in 2022:
- Belgium (559.5 tons)
- Sweden (114.7 tons)
- Germany (21.7 tons)
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