Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in France - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in France (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in France (FOB) - 2024
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in France
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in France
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in France (CIF) - 2024
In September 2023, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,060 per ton, increasing by 2.6% against the previous month. Over the period under review, the import price, however, recorded a slight reduction. The growth pace was the most rapid in June 2023 when the average import price increased by 27% month-to-month. As a result, import price reached the peak level of $1,363 per ton. From July 2023 to September 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From March 2023 to September 2023, the rate of growth in terms of prices for Sweden amounted to +2.7% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in France (FOB) - 2024
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $2,102 per ton in September 2023, jumping by 31% against the previous month. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $2,532 per ton in April 2023; however, from May 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($8,302 per ton), while the average price for exports to Nigeria amounted to $2,196 per ton.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+36.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in France
In 2022, imports of acids; saturated acyclic monocarboxylic acids; formic acids into France shrank to 10K tons, declining by -11% against 2021 figures. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. As a result, imports attained the peak of 11K tons, and then contracted in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $12M in 2022. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 49%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.2 | 2.5 | 5.3 | 7.3 | 49.2% |
| Netherlands | 1.5 | 2.2 | 2.4 | 2.5 | 18.6% |
| Belgium | 0.2 | 0.6 | 0.5 | 1.0 | 71.0% |
| China | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Sweden | 0.2 | 0.2 | 0.6 | 0.4 | 26.0% |
| Finland | 3.0 | 0.6 | 0.2 | 0.1 | -67.8% |
| Others | 7.7 | 0.4 | 0.5 | 0.4 | -62.7% |
| Total | 14.8 | 6.5 | 9.6 | 12.2 | -6.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to France in 2022:
- Germany (5.9K tons)
- Netherlands (2.2K tons)
- Belgium (0.8K tons)
- China (0.5K tons)
- Sweden (0.3K tons)
- Finland (0.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in France
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; formic acids exported from France skyrocketed to 1.3K tons, jumping by 17% against the year before. The total export volume increased at an average annual rate of +16.7% from 2021 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $2.2M in 2022. The total export value increased at an average annual rate of +16.8% over the period from 2021 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. 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 France (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 |
| Belgium | 234 | 465 | 98.7% |
| Netherlands | 154 | 428 | 177.9% |
| Italy | 254 | 227 | -10.6% |
| Austria | 34.2 | 165 | 382.5% |
| China | 3.5 | 123 | 3414.3% |
| Poland | 89.6 | 104 | 16.1% |
| Germany | 177 | 98.8 | -44.2% |
| Estonia | 82.6 | 91.6 | 10.9% |
| Spain | 71.7 | 52.5 | -26.8% |
| Denmark | 132 | 44.7 | -66.1% |
| Slovakia | 37.8 | 30.7 | -18.8% |
| Chile | 48.5 | 29.0 | -40.2% |
| Greece | 203 | 25.7 | -87.3% |
| Others | 330 | 280 | -15.2% |
| Total | 1,853 | 2,164 | 16.8% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from France in 2022:
- Netherlands (310.9 tons)
- Italy (142.5 tons)
- Poland (133.9 tons)
- Austria (117.8 tons)
- Spain (111.6 tons)
- Belgium (94.8 tons)
- Germany (67.6 tons)
- Denmark (63.4 tons)
- China (47.7 tons)
- Slovakia (35.3 tons)
- Chile (21.2 tons)
- Estonia (18.1 tons)
- Greece (8.4 tons)
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