Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Poland - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Poland (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Poland (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Poland
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Poland
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Poland (CIF) - 2024
In September 2023, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $824 per ton, shrinking by -8% against the previous month. Over the period under review, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 24% against the previous month. As a result, import price reached the peak level of $1,139 per ton. From July 2023 to September 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From March 2023 to September 2023, the rate of growth in terms of prices for Belgium amounted to +35.0% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Poland (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,527 per ton in 2022, jumping by 20% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; formic acids increased by +44.8% against 2020 indices. The growth pace was the most rapid in 2018 when the average export price increased by 67% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($6,395 per ton), while the average price for exports to Slovakia ($861 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 Estonia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Poland
In 2022, approx. 12K tons of acids; saturated acyclic monocarboxylic acids; formic acids were imported into Poland; waning by -16.1% compared with 2021 figures. In general, imports faced a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 2.8% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $12M in 2022. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.6 | 2.4 | 5.9 | 6.3 | 34.3% |
| China | 1.7 | 1.5 | 2.1 | 2.7 | 16.7% |
| Netherlands | 0.8 | 0.1 | 0.4 | 2.0 | 35.7% |
| Belgium | N/A | 0.1 | 0.1 | 0.6 | 144.9% |
| Finland | 2.2 | 0.8 | 0.9 | 0.2 | -55.0% |
| Sweden | N/A | 0.5 | 0.7 | 0.2 | -36.8% |
| Others | 7.7 | 0.5 | 0.3 | 0.3 | -66.1% |
| Total | 15.1 | 6.0 | 10.3 | 12.2 | -6.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Poland in 2022:
- Germany (6.5K tons)
- China (2.4K tons)
- Netherlands (1.6K tons)
- Belgium (0.5K tons)
- Finland (0.3K tons)
- Sweden (0.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Poland
Exports of acids; saturated acyclic monocarboxylic acids; formic acids from Poland rose remarkably to 800 tons in 2022, growing by 8.3% against 2021 figures. Overall, exports, however, showed a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 161% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $1.2M in 2022. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 214% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Poland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 23.3 | 2.8 | 36.9 | 256 | 122.3% |
| Russia | 3.2 | 2.0 | 36.8 | 226 | 313.4% |
| Slovakia | 0.2 | 0.2 | 21.8 | 118 | 738.7% |
| Germany | 189 | 82.8 | 90.2 | 96.1 | -20.2% |
| Turkey | 63.4 | 106 | 70.3 | 91.0 | 12.8% |
| Netherlands | 1.7 | N/A | 51.3 | 70.0 | 245.3% |
| Hungary | 9.8 | N/A | 18.6 | 65.9 | 88.7% |
| Estonia | 11.8 | 5.8 | 23.4 | 57.7 | 69.7% |
| Croatia | 15.5 | 10.8 | 12.6 | 44.0 | 41.6% |
| Romania | 49.4 | 27.1 | 31.1 | 42.6 | -4.8% |
| Ukraine | N/A | N/A | 368 | 34.4 | -90.7% |
| Slovenia | 23.9 | 24.7 | 31.5 | 32.1 | 10.3% |
| Czech Republic | 42.4 | 18.8 | 9.5 | 18.6 | -24.0% |
| Others | 509 | 17.7 | 136 | 70.0 | -48.4% |
| Total | 943 | 299 | 938 | 1,222 | 9.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Poland in 2022:
- Russia (151.3 tons)
- Belarus (149.4 tons)
- Slovakia (137.0 tons)
- Germany (82.5 tons)
- Hungary (39.4 tons)
- Estonia (33.8 tons)
- Croatia (31.1 tons)
- Ukraine (28.7 tons)
- Romania (27.5 tons)
- Netherlands (24.5 tons)
- Slovenia (19.7 tons)
- Czech Republic (19.1 tons)
- Turkey (14.2 tons)
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