Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United States - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United States (FOB) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United States (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United States
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United States
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United States (FOB) - 2024
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $746 per ton, shrinking by -4.2% against the previous month. Overall, the export price showed a slight shrinkage. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 14% against the previous month. As a result, the export price attained the peak level of $890 per ton. From August 2023 to September 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($1,966 per ton), while the average price for exports to Uruguay ($560 per ton) was amongst the lowest.
From May 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+101.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United States (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,077 per ton in 2022, increasing by 11% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 74%. As a result, import price attained the peak level of $1,632 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($1,454 per ton), while the price for India ($606 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United States
Exports of acids; saturated acyclic monocarboxylic acids; formic acids from the United States dropped notably to 19K tons in 2022, with a decrease of -17.9% compared with the previous year's figure. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $24M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 4.0 | 3.3 | 7.5 | 8.6 | 29.1% |
| Mexico | 2.8 | 1.9 | 3.3 | 3.4 | 6.7% |
| Canada | 0.9 | 0.7 | 1.3 | 2.8 | 46.0% |
| Uruguay | 0.4 | N/A | 1.1 | 2.5 | 84.2% |
| Argentina | 1.1 | 1.4 | 2.5 | 1.9 | 20.0% |
| Colombia | 0.2 | 0.2 | 0.2 | 0.7 | 51.8% |
| Netherlands | 0.2 | 0.1 | 0.2 | 0.5 | 35.7% |
| Chile | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| Others | 13.5 | 5.0 | 2.8 | 3.0 | -39.4% |
| Total | 23.4 | 12.9 | 19.4 | 24.0 | 0.8% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from the United States in 2022:
- Brazil (6.7K tons)
- Mexico (2.6K tons)
- Uruguay (2.5K tons)
- Argentina (1.7K tons)
- Canada (1.6K tons)
- Colombia (1.1K tons)
- Netherlands (0.4K tons)
- Chile (0.4K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United States
In 2022, after two years of decline, there was significant growth in supplies from abroad of acids; saturated acyclic monocarboxylic acids; formic acids, when their volume increased by 12% to 4.1K tons. In general, imports, however, continue to indicate a drastic downturn.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $4.5M in 2022. Over the period under review, imports, however, recorded a dramatic shrinkage.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 1,460 | 0% |
| China | 2,321 | 1,195 | 417 | 1,029 | -23.7% |
| Sweden | 776 | 504 | 527 | 509 | -13.1% |
| Germany | 627 | 908 | 455 | 473 | -9.0% |
| Finland | 1,899 | 877 | 1,561 | 196 | -53.1% |
| India | N/A | 143 | 153 | 128 | -5.4% |
| Others | 6,149 | 325 | 492 | 674 | -52.1% |
| Total | 11,772 | 3,952 | 3,605 | 4,469 | -27.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to the United States in 2022:
- Netherlands (1259.9 tons)
- China (1219.8 tons)
- Sweden (764.0 tons)
- Germany (391.1 tons)
- India (211.0 tons)
- Finland (134.8 tons)
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