Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovenia - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovenia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovenia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovenia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovenia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovenia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $3,591 per ton, increasing by 14% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses increased by +75.4% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 20%. Over the period under review, average import prices hit record highs at $3,626 per ton in 2014; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($41,656 per ton), while the price for Belgium ($2,206 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 (+30.6%), 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 Slovenia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $3,856 per ton, with an increase of 82% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses increased by +115.5% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Serbia.
From 2012 to 2022, the rate of growth in terms of prices for Serbia amounted to +1.6% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovenia
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses imported into Slovenia reduced to 62 tons, which is down by -14.6% on 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports attained the peak of 72 tons, and then fell in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses declined to $216K in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 58%. As a result, imports reached the peak of $249K, and then reduced in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 17.0 | 21.5 | 117 | 148 | 105.7% |
| Italy | 6.8 | 16.5 | 6.9 | 31.0 | 65.8% |
| Austria | 12.4 | 40.6 | 2.7 | 11.0 | -3.9% |
| Spain | 7.7 | 7.5 | 4.5 | 8.8 | 4.6% |
| Belgium | 6.7 | 5.1 | 5.9 | 2.9 | -24.4% |
| United States | 99.4 | 0.9 | 0.3 | 1.3 | -76.4% |
| China | 0.6 | 46.9 | 76.9 | N/A | 1032.1% |
| Others | 16.2 | 18.1 | 34.8 | 12.8 | -7.6% |
| Total | 167 | 157 | 249 | 216 | 9.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Slovenia in 2022:
- Netherlands (44.3 tons)
- Italy (9.5 tons)
- Austria (3.0 tons)
- Spain (2.7 tons)
- Belgium (1.3 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovenia
For the third consecutive year, Slovenia recorded decline in overseas shipments of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses, which decreased by -63.5% to 7 tons in 2022. Overall, exports saw a precipitous descent. The smallest decline of -40% was in 2021.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses dropped remarkably to $27K in 2022. Over the period under review, exports recorded a dramatic descent. The smallest decline of -29.1% was in 2020.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 17.9 | 21.0 | 24.6 | 26.6 | 14.1% |
| Bosnia and Herzegovina | N/A | 13.0 | N/A | N/A | 0% |
| Austria | 86.0 | 29.1 | 10.8 | N/A | -64.6% |
| Others | N/A | 10.7 | 5.2 | 0.3 | -83.3% |
| Total | 104 | 73.7 | 40.6 | 26.9 | -36.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Slovenia in 2022:
- Serbia (6.9 tons)
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