Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ireland - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ireland (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ireland (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ireland
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ireland
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ireland (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $2,730 per ton in 2022, increasing by 34% against the previous year. In general, the import price saw resilient growth. The pace of growth appeared the most rapid in 2016 an increase of 108%. Over the period under review, average import prices reached the peak figure at $2,972 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($2,604 per ton), while the price for the Netherlands ($2,505 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ireland (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $5,052 per ton, falling by -43.2% against the previous year. In general, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 191% against the previous year. As a result, the export price reached the peak level of $8,896 per ton, and then reduced remarkably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($14,670 per ton), while the average price for exports to Switzerland totaled $4,520 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+28.6%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ireland
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; formic acids was finally on the rise to reach 224 tons after two years of decline. Over the period under review, imports, however, showed a dramatic contraction.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $611K in 2022. In general, imports, however, continue to indicate a dramatic decline.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 91.7 | 134 | 78.0 | 213 | 32.4% |
| United Kingdom | 280 | 116 | 113 | 201 | -10.5% |
| Netherlands | 148 | 238 | 209 | 152 | 0.9% |
| Finland | 78.6 | 40.4 | 7.3 | N/A | -69.5% |
| Others | 628 | 5.7 | 19.5 | 45.5 | -58.3% |
| Total | 1,227 | 534 | 426 | 611 | -20.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Ireland in 2022:
- Germany (82.4 tons)
- United Kingdom (77.2 tons)
- Netherlands (60.8 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ireland
In 2022, after two years of decline, there was significant growth in shipments abroad of acids; saturated acyclic monocarboxylic acids; formic acids, when their volume increased by 104% to 2.4 tons. In general, exports, however, saw a abrupt descent.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $12K in 2022. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 68%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | N/A | 10.5 | 0% |
| United Kingdom | 3.9 | 6.3 | 10.6 | 1.7 | -24.2% |
| Others | 3.9 | N/A | 0.1 | 0.1 | -70.5% |
| Total | 7.8 | 6.3 | 10.7 | 12.3 | 16.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Ireland in 2022:
- Switzerland (2321.0 kg)
- United Kingdom (115.0 kg)
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