Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in New Zealand - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in New Zealand (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in New Zealand (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in New Zealand
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in New Zealand
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in New Zealand (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,290 per ton in 2022, growing by 61% against the previous year. Over the period under review, the import price enjoyed temperate growth. The pace of growth appeared the most rapid in 2021 an increase of 63% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.3% per year.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in New Zealand (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,319 per ton, jumping by 65% against the previous year. Overall, the export price continues to indicate pronounced growth. Over the period under review, the average export prices attained the maximum at $1,519 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +6.9% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in New Zealand
In 2022, approx. 1.3K tons of acids; saturated acyclic monocarboxylic acids; formic acids were imported into New Zealand; with a decrease of -9.9% on the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports attained the peak of 1.5K tons, and then fell in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $1.7M in 2022. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 142% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 352 | 177 | 572 | 830 | 33.1% |
| Australia | 10.8 | 9.2 | 0.7 | 2.7 | -37.0% |
| Finland | N/A | 19.8 | N/A | N/A | 0% |
| Others | 417 | 278 | 597 | 866 | 27.6% |
| Total | 780 | 484 | 1,170 | 1,698 | 29.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to New Zealand in 2022:
- China (643.3 tons)
- Australia (2.1 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in New Zealand
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -72.6% to 5.8 tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 60%. As a result, the exports attained the peak of 21 tons, and then reduced rapidly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids contracted rapidly to $7.6K in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 80%. As a result, the exports attained the peak of $17K, and then contracted remarkably in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in New Zealand (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Australia | 0.4 | N/A | 3.8 | 208.2% |
| Fiji | 4.3 | 8.4 | N/A | 95.3% |
| Others | 4.7 | 8.4 | 3.8 | -10.1% |
| Total | 9.3 | 16.8 | 7.6 | -9.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from New Zealand in 2022:
- Australia (2.9 tons)
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