Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Germany - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Germany (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Germany (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Germany
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Germany
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Germany (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,368 per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 25% against the previous year. The export price peaked at $1,446 per ton in 2012; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($2,074 per ton), while the average price for exports to Belgium ($849 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 Brazil (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Germany (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,626 per ton in 2022, picking up by 20% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 29% against the previous year. The import price peaked at $1,755 per ton in 2012; however, from 2013 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 the United States ($6,000 per ton), while the price for Belgium ($1,253 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Germany
Exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Germany skyrocketed to 46K tons in 2022, growing by 33% against 2021 figures. In general, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses skyrocketed to $62M in 2022. The total export value increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.0 | 7.5 | 5.5 | 10.9 | 22.0% |
| United Kingdom | 2.7 | 4.1 | 7.2 | 9.8 | 53.7% |
| Belgium | 7.5 | 5.1 | 4.7 | 8.3 | 3.4% |
| Italy | 7.9 | 4.0 | 2.1 | 3.9 | -21.0% |
| Spain | 3.4 | 3.0 | 2.9 | 2.9 | -5.2% |
| Thailand | 2.2 | 2.2 | 1.1 | 2.8 | 8.4% |
| Nigeria | 2.0 | 2.4 | 2.5 | 2.5 | 7.7% |
| Brazil | 1.8 | 1.1 | 1.2 | 1.5 | -5.9% |
| France | 1.0 | 1.0 | 1.4 | 1.4 | 11.9% |
| Denmark | 0.5 | 1.1 | 1.1 | 1.3 | 37.5% |
| Argentina | 0.6 | 1.0 | 0.4 | 1.3 | 29.4% |
| India | 3.4 | 2.9 | 0.4 | 1.1 | -31.4% |
| South Africa | 1.3 | 2.0 | 0.2 | 0.9 | -11.5% |
| Others | 13.6 | 14.5 | 11.0 | 13.5 | -0.2% |
| Total | 54.0 | 51.9 | 41.7 | 62.2 | 4.8% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Germany in 2022:
- Belgium (9.8K tons)
- Netherlands (8.2K tons)
- United Kingdom (6.4K tons)
- Italy (3.0K tons)
- Thailand (2.9K tons)
- Spain (2.2K tons)
- Nigeria (1.2K tons)
- Brazil (1.1K tons)
- Argentina (1.1K tons)
- Denmark (0.9K tons)
- India (0.8K tons)
- South Africa (0.7K tons)
- France (0.7K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Germany
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -1.7% to 15K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 7.5%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses rose remarkably to $25M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.6 | 7.8 | 7.1 | 10.7 | 24.1% |
| Belgium | 3.5 | 3.2 | 5.0 | 6.6 | 23.5% |
| Sweden | 3.6 | 1.4 | 3.3 | 2.9 | -7.0% |
| France | 2.6 | 2.3 | 2.1 | 1.6 | -14.9% |
| Others | 3.8 | 2.6 | 4.3 | 2.7 | -10.8% |
| Total | 19.0 | 17.4 | 21.8 | 24.5 | 8.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Germany in 2022:
- Netherlands (6.9K tons)
- Belgium (5.3K tons)
- Sweden (1.8K tons)
- France (0.3K tons)
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