Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Germany - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Germany (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Germany (CIF) - 2024
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Germany
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Germany
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Germany (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,130 per ton, surging by 49% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; formic acids increased by +94.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 50%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($1,592 per ton), while the average price for exports to Turkey ($726 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 Italy (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Germany (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,029 per ton in September 2023, therefore, remained relatively stable against the previous month. Over the last six-month period, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in June 2023 when the average import price increased by 15% month-to-month. As a result, import price attained the peak level of $1,053 per ton. From July 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($1,870 per ton), while the price for China stood at $754 per ton.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Finland (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Germany
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -17.1% to 99K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, the exports attained the peak of 119K tons, and then reduced markedly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $112M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.3 | 7.6 | 10.7 | 17.6 | 34.1% |
| Italy | 7.4 | 5.8 | 10.5 | 13.6 | 22.5% |
| Belgium | 4.8 | 5.4 | 8.0 | 11.3 | 33.0% |
| Spain | 4.2 | 6.1 | 10.3 | 9.9 | 33.1% |
| France | 2.2 | 2.5 | 5.3 | 7.3 | 49.2% |
| Turkey | 6.1 | 4.7 | 6.3 | 6.8 | 3.7% |
| Poland | 2.6 | 2.4 | 5.4 | 6.4 | 35.0% |
| United Kingdom | 2.0 | 2.5 | 5.4 | 6.4 | 47.4% |
| Denmark | 2.0 | 1.2 | 2.2 | 3.4 | 19.3% |
| India | 1.2 | 1.3 | 2.0 | 3.2 | 38.7% |
| Switzerland | 1.7 | 1.6 | 2.1 | 2.6 | 15.2% |
| Russia | 3.4 | 2.9 | 4.3 | N/A | 12.5% |
| Others | 19.7 | 15.8 | 18.0 | 23.3 | 5.8% |
| Total | 64.7 | 59.8 | 90.4 | 112 | 20.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Germany in 2022:
- Netherlands (16.2K tons)
- Belgium (11.4K tons)
- Italy (10.6K tons)
- Turkey (9.4K tons)
- Spain (8.5K tons)
- Poland (6.1K tons)
- United Kingdom (6.1K tons)
- France (5.6K tons)
- Denmark (3.0K tons)
- India (2.8K tons)
- Switzerland (1.6K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Germany
In 2022, approx. 24K tons of acids; saturated acyclic monocarboxylic acids; formic acids were imported into Germany; shrinking by -19.5% against 2021. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 0.5% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $25M in 2022. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 25%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.1 | 5.6 | 6.0 | 9.3 | 15.1% |
| Finland | 4.9 | 4.6 | 3.7 | 5.5 | 3.9% |
| Sweden | 2.4 | 2.9 | 4.4 | 5.2 | 29.4% |
| Belgium | 3.0 | 1.8 | 2.5 | 2.7 | -3.5% |
| China | 2.3 | 0.6 | 1.9 | 0.9 | -26.9% |
| Others | 21.4 | 1.2 | 2.4 | 1.6 | -57.9% |
| Total | 40.1 | 16.6 | 20.9 | 25.2 | -14.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Germany in 2022:
- Netherlands (9.6K tons)
- Finland (4.8K tons)
- Sweden (4.6K tons)
- Belgium (3.2K tons)
- China (0.8K tons)
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