Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Hungary - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Hungary (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Hungary (FOB) - 2024
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Hungary
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Hungary
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Hungary (CIF) - 2024
In September 2023, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,200 per ton, with an increase of 7.9% against the previous month. Over the period from March 2023 to September 2023, it increased at an average monthly rate of +2.1%. The growth pace was the most rapid in April 2023 an increase of 44% against the previous month. As a result, import price attained the peak level of $1,527 per ton. From May 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 the United States.
From March 2023 to September 2023, the rate of growth in terms of prices for Germany amounted to +24.6% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Hungary (FOB) - 2024
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $19,398 per ton in September 2023, with an increase of 1,235% against the previous month. In general, the export price posted a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Costa Rica.
From March 2023 to September 2023, the rate of growth in terms of prices for Croatia amounted to +14.4% per month.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Hungary
For the third year in a row, Hungary recorded decline in supplies from abroad of acids; saturated acyclic monocarboxylic acids; formic acids, which decreased by -13.7% to 955 tons in 2022. Overall, imports showed a sharp reduction.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $1.2M in 2022. In general, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 24%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 500 | 491 | 495 | 627 | 7.8% |
| Belgium | 85.4 | 105 | 107 | 174 | 26.8% |
| China | 124 | 75.4 | 156 | 94.5 | -8.7% |
| Netherlands | 37.4 | 1.4 | 35.8 | 75.0 | 26.1% |
| Poland | 17.6 | N/A | 38.1 | 64.8 | 54.4% |
| Sweden | 96.2 | 58.1 | 61.6 | 58.5 | -15.3% |
| Slovakia | 1.0 | N/A | 63.1 | 29.6 | 209.3% |
| Others | 966 | 49.5 | 15.7 | 69.7 | -58.4% |
| Total | 1,828 | 781 | 972 | 1,192 | -13.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Hungary in 2022:
- Germany (471.5 tons)
- China (128.6 tons)
- Belgium (104.6 tons)
- Poland (78.5 tons)
- Netherlands (66.4 tons)
- Sweden (46.3 tons)
- Slovakia (25.1 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Hungary
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; formic acids exported from Hungary dropped remarkably to 256 tons, with a decrease of -21.8% against 2021. Overall, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids contracted to $405K in 2022. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 52%.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 287 | 269 | 390 | 363 | 8.1% |
| Poland | N/A | N/A | 30.4 | 14.1 | -53.6% |
| Romania | 3.8 | N/A | 0.2 | 12.3 | 47.9% |
| Bulgaria | N/A | N/A | N/A | 4.1 | 0% |
| Croatia | 27.5 | 16.1 | 9.0 | 3.9 | -47.9% |
| Austria | 9.6 | N/A | 1.7 | N/A | -57.9% |
| Others | 379 | 5.4 | 8.9 | 7.2 | -73.3% |
| Total | 707 | 290 | 441 | 405 | -16.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Hungary in 2022:
- Turkey (219.3 tons)
- Poland (14.3 tons)
- Romania (11.0 tons)
- Bulgaria (7.6 tons)
- Croatia (3.6 tons)
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