Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Indonesia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Indonesia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Indonesia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Indonesia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Indonesia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Indonesia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $948 per ton in 2022, picking up by 57% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 77% against the previous year. As a result, import price attained the peak level of $1,316 per ton. From 2020 to 2022, the average 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 Finland ($861 per ton), while the price for China ($458 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-2.2%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Indonesia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $913 per ton, rising by 25% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 41%. Over the period under review, the average export prices attained the peak figure at $977 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($1,848 per ton), while the average price for exports to Vietnam ($683 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 Thailand (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Indonesia
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -36.9% to 3.8K tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed a notable expansion. The growth pace was the most rapid in 2020 with an increase of 110% against the previous year. As a result, imports reached the peak of 7.3K 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 shrank modestly to $3.6M in 2022. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 4.4% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,062 | 1,300 | 1,633 | 1,512 | -9.8% |
| Germany | 56.7 | 326 | 65.0 | 242 | 62.2% |
| Others | 2,434 | 1,839 | 1,919 | 1,839 | -8.9% |
| Total | 4,552 | 3,464 | 3,617 | 3,593 | -7.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Indonesia in 2022:
- China (3.3K tons)
- Germany (0.4K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Indonesia
After three years of growth, shipments abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -92.3% to 187 tons in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 2,783%. As a result, the exports attained the peak of 2.4K tons, and then reduced rapidly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids contracted dramatically to $170K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 3,964% against the previous year. As a result, the exports attained the peak of $1.8M, and then declined significantly in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 2.2 | 1.3 | 142 | 19.1 | 105.5% |
| India | 3.4 | 14.6 | 439 | 12.4 | 53.9% |
| Vietnam | 2.2 | 2.1 | 76.6 | 10.3 | 67.3% |
| Malaysia | 35.6 | 18.8 | 200 | 8.4 | -38.2% |
| Thailand | 15.1 | 5.3 | 45.5 | 3.2 | -40.4% |
| Others | 8.8 | 1.3 | 862 | 117 | 136.9% |
| Total | 67.3 | 43.4 | 1,765 | 170 | 36.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Indonesia in 2022:
- Bangladesh (21.7 tons)
- Vietnam (15.1 tons)
- India (10.3 tons)
- Malaysia (8.6 tons)
- Thailand (1.8 tons)
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