Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Greece - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Greece (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Greece (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Greece
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Greece
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Greece (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,175 per ton, growing by 10% against the previous year. Overall, the import price recorded noticeable growth. The growth pace was the most rapid in 2017 when the average import price increased by 170%. Over the period under review, average import prices attained the maximum at $2,007 per ton in 2018; however, from 2019 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 the Netherlands ($1,479 per ton), while the price for Bulgaria ($719 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Greece (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,741 per ton, rising by 37% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +73.9% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 46% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($2,265 per ton), while the average price for exports to Romania ($1,427 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 Cyprus (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Greece
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -9.8% to 413 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year. As a result, imports reached the peak of 578 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids dropped to $485K in 2022. In general, imports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 46%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 150 | 98.6 | 217 | 335 | 30.7% |
| Netherlands | N/A | 26.4 | 54.8 | 103 | 97.5% |
| Bulgaria | N/A | N/A | 6.4 | 15.8 | 146.9% |
| Belgium | 30.8 | 39.3 | 10.2 | 9.6 | -32.2% |
| Germany | 85.3 | 160 | 48.5 | 0.7 | -79.8% |
| United Kingdom | 30.3 | N/A | N/A | N/A | 0% |
| Others | 298 | 10.7 | 152 | 20.8 | -58.8% |
| Total | 594 | 335 | 489 | 485 | -6.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Greece in 2022:
- China (311.3 tons)
- Netherlands (69.9 tons)
- Bulgaria (22.0 tons)
- Belgium (7.3 tons)
- Germany (0.9 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Greece
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; formic acids exported from Greece dropped remarkably to 36 tons, with a decrease of -61.2% compared with 2021. In general, exports showed a sharp setback. The most prominent rate of growth was recorded in 2021 when exports increased by 140%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids shrank notably to $63K in 2022. Overall, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 203%.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 16.4 | 9.4 | 15.9 | 23.4 | 12.6% |
| Romania | 15.0 | 14.9 | 18.5 | 18.1 | 6.5% |
| North Macedonia | 13.4 | N/A | 27.3 | 13.6 | 0.5% |
| Bulgaria | 4.4 | 6.9 | 35.2 | 5.5 | 7.7% |
| Spain | 2.9 | 0.4 | 0.7 | 1.1 | -27.6% |
| Kosovo | N/A | N/A | 12.9 | N/A | 0% |
| Albania | 9.2 | 6.7 | 6.3 | N/A | -17.2% |
| Others | 62.3 | 0.6 | 1.2 | 1.2 | -73.2% |
| Total | 124 | 38.9 | 118 | 62.8 | -20.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Greece in 2022:
- Romania (12.7 tons)
- Cyprus (10.3 tons)
- North Macedonia (8.3 tons)
- Bulgaria (3.4 tons)
- Spain (0.7 tons)
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