Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Portugal - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Portugal (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Portugal (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Portugal
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Portugal
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Portugal (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,174 per ton, rising by 36% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; formic acids increased by +108.3% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 53% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 ($3,554 per ton), while the price for Spain ($1,057 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Portugal (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,826 per ton in 2022, jumping by 56% against the previous year. Overall, the export price, however, showed a abrupt contraction. Over the period under review, the average export prices hit record highs at $4,156 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cabo Verde ($2,768 per ton), while the average price for exports to Morocco ($1,571 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 Spain (+10.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Portugal
In 2022, approx. 1.5K tons of acids; saturated acyclic monocarboxylic acids; formic acids were imported into Portugal; picking up by 8.9% compared with the year before. Overall, imports, however, saw a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 19%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $1.7M in 2022. Over the period under review, imports, however, continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 82%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 521 | 322 | 872 | 1,006 | 24.5% |
| Belgium | 41.4 | 13.1 | 4.9 | 284 | 90.0% |
| Spain | 171 | 156 | 132 | 220 | 8.8% |
| China | 158 | 127 | 95.8 | 186 | 5.6% |
| Italy | 35.4 | 1.2 | 30.7 | 9.6 | -35.3% |
| Netherlands | 45.9 | 11.4 | 19.8 | 4.5 | -53.9% |
| Others | 992 | 6.0 | 4.4 | 8.0 | -79.9% |
| Total | 1,965 | 637 | 1,159 | 1,718 | -4.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Portugal in 2022:
- Germany (855.9 tons)
- Belgium (244.8 tons)
- Spain (208.4 tons)
- China (144.0 tons)
- Italy (5.2 tons)
- Netherlands (2.4 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Portugal
In 2022, exports of acids; saturated acyclic monocarboxylic acids; formic acids from Portugal surged to 95 tons, rising by 77% against the year before. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 208%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $174K in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 256%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.6 | 5.1 | 61.7 | 158 | 204.4% |
| Cabo Verde | N/A | 1.5 | 1.3 | 8.5 | 138.0% |
| Poland | N/A | N/A | N/A | 4.0 | 0% |
| Morocco | N/A | N/A | N/A | 3.1 | 0% |
| Senegal | N/A | 10.9 | N/A | N/A | 0% |
| Others | 5.6 | 0.1 | N/A | N/A | -98.2% |
| Total | 11.1 | 17.7 | 63.0 | 174 | 150.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Portugal in 2022:
- Spain (88.7 tons)
- Cabo Verde (3.1 tons)
- Morocco (2.0 tons)
- Poland (1.5 tons)
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