Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Switzerland - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Switzerland (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Switzerland (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Switzerland
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Switzerland
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Switzerland (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $3,207 per ton in 2022, growing by 28% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 272%. As a result, import price reached the peak level of $4,330 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($2,218 per ton) and China ($1,884 per ton), while the price for Germany ($1,498 per ton) and Finland ($1,641 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Switzerland (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $3,549 per ton, reducing by -60.4% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2021 an increase of 138%. Over the period under review, the average export prices hit record highs at $12,621 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 the United States ($3,552 per ton), while the average price for exports to Italy ($1,476 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 Italy (+11.0%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Switzerland
Imports of acids; saturated acyclic monocarboxylic acids; formic acids into Switzerland expanded markedly to 3.3K tons in 2022, with an increase of 5.4% compared with 2021 figures. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $11M in 2022. In general, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.7 | 1.6 | 2.1 | 2.6 | 15.2% |
| Finland | 1.3 | 1.0 | 1.3 | 2.2 | 19.2% |
| China | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Spain | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 3.2 | 2.8 | 4.2 | 5.5 | 19.8% |
| Total | 6.3 | 5.4 | 7.9 | 10.6 | 18.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Switzerland in 2022:
- Germany (1746.3 tons)
- Finland (1311.7 tons)
- China (77.0 tons)
- Spain (50.1 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Switzerland
In 2022, exports of acids; saturated acyclic monocarboxylic acids; formic acids from Switzerland skyrocketed to 310 tons, growing by 255% on the year before. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $1.1M in 2022. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 74%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 319 | 150 | 357 | 501 | 16.2% |
| United States | 7.9 | 6.6 | 11.5 | 10.7 | 10.6% |
| Italy | N/A | 39.9 | N/A | 9.4 | -51.5% |
| Others | 345 | 254 | 413 | 581 | 19.0% |
| Total | 671 | 451 | 782 | 1,102 | 18.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Switzerland in 2022:
- Germany (142.0 tons)
- Italy (6.4 tons)
- United States (3.0 tons)
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