Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Norway - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Norway (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Norway (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Norway
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Norway
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Norway (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $751 per ton in 2022, jumping by 17% against the previous year. In general, the import price, however, saw a slight setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by 65% against the previous year. Over the period under review, average import prices attained the maximum at $842 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($1,237 per ton), while the price for Italy ($199 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+51.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Norway (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,410 per ton in 2022, jumping by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 39%. The export price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($2,191 per ton), while the average price for exports to South Africa ($612 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 the Philippines (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Norway
In 2022, approx. 14K tons of acids; saturated acyclic monocarboxylic acids; formic acids were imported into Norway; picking up by 71% compared with 2021. Over the period under review, imports showed a relatively flat trend pattern.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $10M in 2022. Overall, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.2 | 4.0 | 1.6 | 6.0 | 12.6% |
Belgium | 1.6 | 2.0 | 2.9 | 3.4 | 28.6% |
Denmark | 0.9 | 0.8 | 0.7 | 0.8 | -3.9% |
Italy | N/A | N/A | N/A | 0.1 | 0% |
Others | N/A | N/A | N/A | 0.2 | 0% |
Total | 6.7 | 6.8 | 5.2 | 10.4 | 15.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Norway in 2022:
- China (9.4K tons)
- Belgium (3.5K tons)
- Denmark (0.6K tons)
- Italy (0.3K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Norway
In 2022, exports of acids; saturated acyclic monocarboxylic acids; formic acids from Norway soared to 3.3K tons, growing by 47% on 2021 figures. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $4.6M in 2022. Over the period under review, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iceland | 177 | 409 | 723 | 1,872 | 119.5% |
Philippines | 1,821 | 1,273 | 798 | 1,519 | -5.9% |
Sweden | 992 | 551 | 303 | 683 | -11.7% |
Germany | 19.2 | 85.6 | 113 | 206 | 120.6% |
Finland | 133 | 95.5 | 189 | 152 | 4.6% |
Denmark | 48.8 | 33.8 | 185 | 93.2 | 24.1% |
South Africa | 45.0 | 46.6 | 48.3 | 50.0 | 3.6% |
Others | 229 | 66.4 | 62.1 | 72.1 | -32.0% |
Total | 3,465 | 2,560 | 2,421 | 4,648 | 10.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Norway in 2022:
- Iceland (1625.1 tons)
- Philippines (693.4 tons)
- Sweden (485.6 tons)
- Germany (166.7 tons)
- Finland (102.8 tons)
- Denmark (85.7 tons)
- South Africa (81.7 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Norway.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Norway.
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