Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the Netherlands - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the Netherlands (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the Netherlands (FOB) - 2024
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the Netherlands
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the Netherlands
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the Netherlands (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $686 per ton in September 2023, increasing by 3.1% against the previous month. Overall, the import price, however, recorded a slight reduction. The most prominent rate of growth was recorded in June 2023 an increase of 15% month-to-month. As a result, import price reached the peak level of $796 per ton. From July 2023 to September 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From March 2023 to September 2023, the rate of growth in terms of prices for Belgium amounted to +4.4% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the Netherlands (FOB) - 2024
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,245 per ton, standing approximately at the previous month. Over the period from March 2023 to September 2023, it increased at an average monthly rate of +3.2%. The pace of growth was the most pronounced in May 2023 an increase of 15% month-to-month. The export price peaked at $1,260 per ton in August 2023, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($127K per ton), while the average price for exports to Brazil amounted to $824 per ton.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+115.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the Netherlands
In 2022, approx. 71K tons of acids; saturated acyclic monocarboxylic acids; formic acids were imported into the Netherlands; shrinking by -5.6% compared with the year before. In general, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 8.8% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $58M in 2022. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.3 | 7.6 | 10.6 | 17.6 | 34.1% |
| China | 8.0 | 4.8 | 6.0 | 13.3 | 18.5% |
| Finland | 10.8 | 10.7 | 14.4 | 12.7 | 5.6% |
| Sweden | 5.5 | 4.0 | 6.3 | 10.2 | 22.9% |
| Belgium | 3.2 | 2.1 | 3.9 | 2.8 | -4.4% |
| Others | 39.7 | 0.3 | 0.6 | 1.2 | -68.8% |
| Total | 74.5 | 29.5 | 41.7 | 57.6 | -8.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to the Netherlands in 2022:
- Finland (23.9K tons)
- Germany (17.3K tons)
- China (14.7K tons)
- Sweden (11.5K tons)
- Belgium (2.4K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the Netherlands
For the third year in a row, the Netherlands recorded decline in overseas shipments of acids; saturated acyclic monocarboxylic acids; formic acids, which decreased by -45.6% to 16K tons in 2022. Overall, exports faced a dramatic slump. The smallest decline of -17.5% was in 2021.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids reduced notably to $19M in 2022. Over the period under review, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 3.9% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 0.7 | 0.5 | 1.0 | 3.8 | 75.7% |
| France | 4.7 | 3.6 | 3.2 | 3.3 | -11.1% |
| United Kingdom | 1.0 | 0.4 | 0.8 | 2.0 | 26.0% |
| United States | 1.7 | 2.5 | 1.6 | 1.9 | 3.8% |
| Italy | 0.4 | 0.4 | 0.3 | 1.9 | 68.1% |
| Austria | 1.1 | 0.9 | 1.0 | 1.5 | 10.9% |
| Finland | N/A | N/A | N/A | 1.3 | 0% |
| Spain | 0.6 | 0.4 | 0.7 | 1.0 | 18.6% |
| Belgium | 5.7 | 5.5 | 5.5 | N/A | -1.8% |
| Germany | 10.5 | 7.9 | 7.7 | N/A | -14.4% |
| Others | 31.6 | 2.0 | 3.3 | 2.7 | -56.0% |
| Total | 57.9 | 24.2 | 25.2 | 19.3 | -30.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from the Netherlands in 2022:
- Poland (3.1K tons)
- France (2.7K tons)
- Finland (2.0K tons)
- United States (1.6K tons)
- Italy (1.5K tons)
- United Kingdom (1.4K tons)
- Austria (1.2K tons)
- Spain (0.8K tons)
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