Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Russia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Russia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Russia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Russia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Russia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Russia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $861 per ton in 2022, picking up by 24% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 110% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,544 per ton), while the price for China ($777 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.2%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Russia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,778 per ton in 2022, surging by 32% against the previous year. Overall, the export price showed a modest increase. The most prominent rate of growth was recorded in 2017 an increase of 79% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
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 Uzbekistan ($2,188 per ton), while the average price for exports to Mongolia ($928 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 Kyrgyzstan (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Russia
Imports of acids; saturated acyclic monocarboxylic acids; formic acids into Russia surged to 15K tons in 2022, with an increase of 110% against the previous year. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $13M in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 179% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 1.7 | 3.8 | 10.0 | 80.5% |
| Belgium | 0.1 | 0.1 | 0.3 | 1.3 | 135.1% |
| Turkey | N/A | N/A | N/A | 0.7 | 0% |
| Netherlands | 0.1 | N/A | 0.8 | 0.1 | 0.0% |
| Others | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Total | 1.9 | 1.8 | 4.9 | 12.8 | 88.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Russia in 2022:
- China (12.9K tons)
- Belgium (1.0K tons)
- Turkey (0.6K tons)
- Netherlands (0.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Russia
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -73.2% to 78 tons, falling for the second year in a row after two years of growth. Overall, exports faced a sharp contraction. The growth pace was the most rapid in 2020 with an increase of 30%. As a result, the exports attained the peak of 297 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids shrank markedly to $139K in 2022. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. As a result, the exports reached the peak of $393K, and then declined sharply in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 93.0 | 170 | 326 | 121 | 9.2% |
| Kyrgyzstan | 23.1 | 14.2 | 15.1 | 13.1 | -17.2% |
| Uzbekistan | 4.2 | 2.8 | 11.2 | 2.7 | -13.7% |
| Mongolia | N/A | N/A | 3.3 | 1.5 | -54.5% |
| Austria | N/A | N/A | 35.6 | N/A | 0% |
| Egypt | N/A | 23.8 | N/A | N/A | 0% |
| Belarus | 70.2 | 43.7 | N/A | N/A | -37.7% |
| Others | 0.1 | 0.2 | 2.0 | 0.3 | 44.2% |
| Total | 191 | 255 | 393 | 139 | -10.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Russia in 2022:
- Kazakhstan (64.7 tons)
- Kyrgyzstan (10.5 tons)
- Mongolia (1.7 tons)
- Uzbekistan (1.3 tons)
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