Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Slovakia - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Slovakia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Slovakia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Slovakia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Slovakia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Slovakia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,266 per ton in 2022, increasing by 52% against the previous year. Over the period under review, the import price, however, saw a pronounced downturn. The import price peaked at $2,673 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($2,103 per ton), while the price for France ($732 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Slovakia (FOB) - 2022
In 2021, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $3,206 per ton, stabilizing at the previous year. Overall, the export price recorded a dramatic descent. The most prominent rate of growth was recorded in 2013 when the average export price decreased by -95.8%. Over the period under review, the average export prices reached the peak figure at $54,000 per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Hungary.
From 2012 to 2021, the rate of growth in terms of prices for the Czech Republic amounted to -9.4% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Slovakia
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -10% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of 1.3K tons, and then contracted in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $1.5M in 2022. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 73% 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 Slovakia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 151 | 220 | 671 | 829 | 76.4% |
Finland | 219 | 204 | 124 | 245 | 3.8% |
Sweden | 78.0 | 93.8 | 177 | 161 | 27.3% |
Czech Republic | 9.1 | 16.0 | 57.5 | 143 | 150.5% |
China | 103 | 20.6 | 33.4 | 61.5 | -15.8% |
Poland | N/A | 28.7 | 7.9 | 41.2 | 19.8% |
France | 30.9 | 22.7 | 21.3 | 20.9 | -12.2% |
Lithuania | 43.6 | 28.8 | 15.3 | 15.2 | -29.6% |
Others | 638 | 5.5 | 0.8 | 0.4 | -91.4% |
Total | 1,272 | 640 | 1,107 | 1,518 | 6.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Slovakia in 2022:
- Germany (651.5 tons)
- Finland (252.9 tons)
- Czech Republic (94.8 tons)
- Sweden (76.4 tons)
- China (52.0 tons)
- France (28.5 tons)
- Poland (28.3 tons)
- Lithuania (14.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Slovakia
In 2021, approx. 2.9 tons of acids; saturated acyclic monocarboxylic acids; formic acids were exported from Slovakia; leveling off at 2020. Over the period under review, exports recorded a dramatic shrinkage. The smallest decline of 99.9% was in 2020.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids amounted to $9.4K in 2021. In general, exports faced a abrupt downturn. The smallest decline of 99.9% was in 2020.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Slovakia (Thousand USD) | ||||
---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
Hungary | 0.5 | N/A | 9.4 | 333.6% |
Romania | 5.9 | N/A | N/A | 0% |
Others | 6.5 | N/A | N/A | 0% |
Total | 12.9 | N/A | 9.4 | -14.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Slovakia in 2022:
- Hungary (2.9 tons)
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