Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Israel - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Israel (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Israel (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Israel
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Israel
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Israel (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,299 per ton in 2022, with an increase of 62% against the previous year. Overall, the import price recorded a notable expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 81% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($1,299 per ton) and the Netherlands ($1,299 per ton), while the price for China ($1,299 per ton) and France ($1,299 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Israel (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $799 per ton, approximately reflecting the previous year. Overall, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of 81%. As a result, the export price reached the peak level of $1,549 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($409 per ton) and China ($409 per ton), while the average price for exports to Switzerland ($409 per ton) and Belgium ($409 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.7%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Israel
In 2022, approx. 357 tons of acids; saturated acyclic monocarboxylic acids; formic acids were imported into Israel; with an increase of 13% on 2021 figures. Overall, imports, however, showed a mild descent. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $464K in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 115% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.0 | N/A | 33.0 | 67.0 | 27.9% |
| Finland | 18.0 | N/A | N/A | 27.0 | 14.5% |
| Netherlands | 19.0 | N/A | 22.0 | 16.0 | -5.6% |
| Germany | 16.0 | 17.0 | 36.0 | 14.0 | -4.4% |
| Hong Kong SAR | N/A | N/A | 27.0 | 7.0 | -74.1% |
| Belgium | N/A | 2.0 | 5.0 | 4.0 | 41.4% |
| France | N/A | N/A | N/A | 3.0 | 0% |
| Sweden | 12.0 | N/A | N/A | N/A | 0% |
| India | 9.0 | 35.0 | N/A | N/A | 288.9% |
| Others | 130 | 64.0 | 131 | 326 | 35.9% |
| Total | 236 | 118 | 254 | 464 | 25.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Israel in 2022:
- China (51.6 tons)
- Finland (20.8 tons)
- Netherlands (12.3 tons)
- Germany (10.8 tons)
- Hong Kong SAR (5.4 tons)
- Belgium (3.1 tons)
- France (2.3 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Israel
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; formic acids were finally on the rise to reach 353 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a mild reduction.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids rose rapidly to $282K in 2022. Over the period under review, exports, however, saw a abrupt slump.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 69.0 | 50.0 | 69.0 | 46.0 | -12.6% |
| Belgium | 22.0 | 29.0 | 22.0 | 31.0 | 12.1% |
| India | 17.0 | 6.0 | 19.0 | 29.0 | 19.5% |
| China | 15.0 | 25.0 | 9.0 | 26.0 | 20.1% |
| Switzerland | 7.0 | 8.0 | 9.0 | 9.0 | 8.7% |
| Germany | 48.0 | 9.0 | N/A | N/A | -81.3% |
| Others | 178 | 127 | 128 | 141 | -7.5% |
| Total | 356 | 254 | 256 | 282 | -7.5% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Israel in 2022:
- Netherlands (112.5 tons)
- Belgium (75.8 tons)
- India (71.0 tons)
- China (63.6 tons)
- Switzerland (22.0 tons)
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