Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uruguay - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uruguay (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uruguay (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uruguay
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uruguay
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uruguay (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $4,196 per ton in 2022, jumping by 342% against the previous year. In general, the import price showed a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($7,037 per ton), while the price for Belgium ($945 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uruguay (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,558 per ton in 2022, with an increase of 53% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 106% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($2,858 per ton), while the average price for exports to Brazil ($1,058 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 Paraguay (+2.0%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uruguay
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; formic acids imported into Uruguay contracted remarkably to 333 tons, with a decrease of -58.7% compared with 2021. Overall, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 214% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $1.4M in 2022. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 148% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 138 | 27.5 | 119 | 310 | 31.0% |
| United States | 132 | 19.0 | 98.8 | 173 | 9.4% |
| Finland | 119 | 78.1 | 108 | 127 | 2.2% |
| Belgium | 111 | 71.1 | 96.5 | 110 | -0.3% |
| Sweden | 43.2 | 23.9 | 40.4 | 50.1 | 5.1% |
| Spain | 20.3 | 16.4 | 28.1 | 40.6 | 26.0% |
| Germany | 19.6 | 0.1 | 0.6 | 1.3 | -59.5% |
| Others | 291 | 72.0 | 273 | 585 | 26.2% |
| Total | 873 | 308 | 765 | 1,397 | 17.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Uruguay in 2022:
- Belgium (116.7 tons)
- China (106.7 tons)
- United States (51.7 tons)
- Sweden (31.1 tons)
- Finland (22.0 tons)
- Spain (3.4 tons)
- Germany (0.2 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uruguay
Exports of acids; saturated acyclic monocarboxylic acids; formic acids from Uruguay fell markedly to 4.8 tons in 2022, with a decrease of -90% on the previous year's figure. In general, exports faced a dramatic downturn. The smallest decline of -44.1% was in 2021.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids declined notably to $7.5K in 2022. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. As a result, the exports attained the peak of $49K, and then fell notably in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uruguay (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Brazil | 14.2 | 15.9 | 3.6 | -49.6% |
| Paraguay | 14.1 | 8.7 | 2.8 | -55.4% |
| Bolivia | N/A | N/A | 0.5 | 0% |
| Argentina | N/A | 7.8 | N/A | 0% |
| Others | 14.2 | 16.5 | 0.5 | -81.2% |
| Total | 42.5 | 48.9 | 7.5 | -58.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Uruguay in 2022:
- Brazil (3.4 tons)
- Paraguay (1.0 tons)
- Bolivia (0.2 tons)
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