Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hungary - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hungary (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hungary (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hungary
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hungary
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hungary (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $1,954 per ton, rising by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. 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 the Netherlands ($2,578 per ton), while the price for Germany ($1,701 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hungary (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,727 per ton in 2022, with an increase of 21% against the previous year. Over the period under review, the export price recorded a perceptible increase. The most prominent rate of growth was recorded in 2014 an increase of 131% against the previous year. As a result, the export price attained the peak level of $3,200 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($2,530 per ton), while the average price for exports to Serbia ($1,000 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hungary
Imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses into Hungary contracted markedly to 482 tons in 2022, waning by -38.3% against 2021. Over the period under review, imports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 9.4%. As a result, imports reached the peak of 780 tons, and then reduced rapidly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses reduced rapidly to $941K in 2022. In general, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports attained the peak of $1.2M, and then fell remarkably in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 187 | 156 | 296 | 289 | 15.6% |
| Sweden | 478 | 344 | 514 | 275 | -16.8% |
| Netherlands | 142 | 183 | 148 | 242 | 19.4% |
| Belgium | 68.6 | 107 | 141 | 59.3 | -4.7% |
| Italy | 14.4 | 27.6 | 10.2 | 20.9 | 13.2% |
| Austria | 78.2 | 33.6 | 34.1 | 14.7 | -42.7% |
| Others | 80.7 | 38.7 | 32.1 | 39.3 | -21.3% |
| Total | 1,049 | 890 | 1,176 | 941 | -3.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Hungary in 2022:
- Germany (170.2 tons)
- Sweden (155.1 tons)
- Netherlands (93.9 tons)
- Belgium (34.6 tons)
- Italy (9.5 tons)
- Austria (7.9 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hungary
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses was finally on the rise to reach 53 tons after two years of decline. Over the period under review, exports, however, showed a deep setback.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses skyrocketed to $91K in 2022. Overall, exports enjoyed slight growth. 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 Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 59.8 | 61.6 | 29.6 | 78.1 | 9.3% |
| Slovakia | 8.2 | 0.2 | 0.4 | 10.1 | 7.2% |
| Bulgaria | 5.1 | 2.8 | 3.0 | 1.9 | -28.0% |
| Serbia | 13.9 | 17.2 | 7.1 | N/A | -28.5% |
| Others | N/A | 1.4 | N/A | 0.8 | -24.4% |
| Total | 87.0 | 83.2 | 40.1 | 91.0 | 1.5% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Hungary in 2022:
- Turkey (48.0 tons)
- Slovakia (4.0 tons)
- Bulgaria (0.6 tons)
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