Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Luxembourg - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Luxembourg (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Luxembourg (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Luxembourg
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Luxembourg
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Luxembourg (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $2,465 per ton, growing by 17% against the previous year. In general, the import price, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2016 an increase of 696% against the previous year. Over the period under review, average import prices reached the maximum at $3,315 per ton in 2017; however, from 2018 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 France ($7,390 per ton), while the price for Germany ($2,129 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Luxembourg (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $4,000 per ton, which is down by -11.1% against the previous year. In general, the export price saw a perceptible setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 114%. As a result, the export price attained the peak level of $10,676 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2013 to 2022, the rate of growth in terms of prices for France amounted to -8.7% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Luxembourg
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -45.3% to 12 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of 37 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids dropped rapidly to $29K in 2022. Over the period under review, imports continue to indicate a precipitous setback. The smallest decline of -12.8% was in 2021.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Luxembourg (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 22.4 | 46.2 | 38.2 | 17.2 | -8.4% |
Belgium | 7.1 | 5.1 | 7.4 | 11.5 | 17.4% |
Others | 44.5 | 1.2 | 0.2 | 0.7 | -74.9% |
Total | 74.0 | 52.6 | 45.8 | 29.4 | -26.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Luxembourg in 2022:
- Germany (8.1 tons)
- Belgium (3.8 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Luxembourg
After two years of decline, shipments abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -60% to 4 kg in 2022. Overall, exports, however, posted a significant expansion.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids contracted markedly to $16 in 2022. In general, exports, however, recorded significant growth.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Luxembourg (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | N/A | N/A | N/A | 16.0 | 0% |
France | 4.0 | N/A | 45.0 | N/A | 235.4% |
Others | 4.0 | N/A | N/A | N/A | 0% |
Total | 8.0 | N/A | 45.0 | 16.0 | 26.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Luxembourg in 2022:
- Germany (4.0 kg)
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