Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Romania - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Romania (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Romania (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Romania
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Romania
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Romania (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $870 per ton in September 2023, reducing by -28% against the previous month. Overall, the import price continues to indicate a deep downturn. The growth pace was the most rapid in July 2023 an increase of 45% against the previous month. As a result, import price attained the peak level of $1,865 per ton. From August 2023 to September 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2022 to September 2023, the rate of growth in terms of prices for Austria amounted to +50.5% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Romania (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,576 per ton in 2022, surging by 16% against the previous year. Over the period under review, the export price, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by 217%. Over the period under review, the average export prices hit record highs at $5,367 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($2,953 per ton), while the average price for exports to Italy ($1,241 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 Bulgaria (+26.8%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Romania
Imports of acids; saturated acyclic monocarboxylic acids; formic acids into Romania soared to 1K tons in 2022, rising by 46% against the previous year's figure. In general, imports, however, continue to indicate a dramatic curtailment.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $1.6M in 2022. Overall, imports, however, recorded a deep contraction.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 469 | 222 | 504 | 1,016 | 29.4% |
Netherlands | 357 | 246 | 198 | 296 | -6.1% |
Belgium | 0.1 | 5.0 | 2.3 | 66.9 | 774.6% |
China | 11.8 | 31.3 | 37.8 | 64.8 | 76.4% |
Denmark | 28.4 | 28.8 | 76.6 | 37.5 | 9.7% |
Italy | 34.9 | 33.5 | 33.1 | 30.4 | -4.5% |
Hungary | 5.4 | N/A | 0.2 | 24.1 | 64.6% |
Poland | 33.3 | 36.1 | 26.0 | 21.8 | -13.2% |
Others | 991 | 21.8 | 26.7 | 68.6 | -58.9% |
Total | 1,931 | 625 | 905 | 1,627 | -5.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Romania in 2022:
- Germany (675.4 tons)
- Netherlands (149.4 tons)
- China (47.8 tons)
- Belgium (46.5 tons)
- Denmark (28.3 tons)
- Italy (22.1 tons)
- Hungary (17.1 tons)
- Poland (14.3 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Romania
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -46.7% to 12 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 19,421%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids contracted significantly to $18K in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 16,996% against the previous year. As a result, the exports attained the peak of $52K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | N/A | N/A | 21.2 | 11.0 | -48.1% |
Bulgaria | N/A | 3.3 | 6.2 | 6.7 | 42.5% |
Hungary | N/A | N/A | 1.1 | 0.6 | -45.5% |
Moldova | 0.2 | 1.2 | 1.3 | 0.1 | -20.6% |
Libya | N/A | 6.3 | N/A | N/A | 0% |
Qatar | N/A | 40.8 | N/A | N/A | 0% |
Others | 0.2 | N/A | N/A | N/A | 0% |
Total | 0.3 | 51.6 | 29.8 | 18.5 | 295.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Romania in 2022:
- Italy (8.9 tons)
- Bulgaria (2.3 tons)
- Hungary (0.5 tons)
- Moldova (0.1 tons)
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