Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Spain - 2023

Contents:

  1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Spain (CIF) - 2022
  2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Spain (FOB) - 2022
  3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Spain
  4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Spain

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Spain (CIF) - 2022

The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,843 per ton in 2022, jumping by 24% against the previous year. In general, the import price saw perceptible growth. The most prominent rate of growth was recorded in 2015 an increase of 218% against the previous year. As a result, import price reached the peak level of $5,302 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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 ($2,343 per ton), while the price for the United States ($1,394 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.8%), 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 Spain (FOB) - 2022

The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $3,982 per ton in 2022, rising by 11% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +137.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 57%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($42,405 per ton), while the average price for exports to Brazil ($1,338 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 Italy (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Spain

In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -9% to 11K tons, falling for the second year in a row after two years of growth. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. As a result, imports reached the peak of 13K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses rose significantly to $21M in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. Over the period under review, imports of hit record highs 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 Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3.73.93.16.118.1%
Germany4.13.13.03.0-9.9%
Italy1.72.22.42.818.1%
Netherlands2.72.12.02.3-5.2%
Belgium1.51.65.22.213.6%
Sweden0.80.60.51.420.5%
Canada0.70.80.81.012.6%
Others1.31.31.41.913.5%
Total16.515.418.420.77.9%

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Spain in 2022:

  1. United States (4.4K tons)
  2. Germany (2.1K tons)
  3. Italy (1.4K tons)
  4. Netherlands (1.0K tons)
  5. Belgium (1.0K tons)
  6. Sweden (0.7K tons)
  7. Canada (0.4K tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Spain

Exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Spain was estimated at 1.8K tons in 2022, picking up by 4.7% against the previous year's figure. The total export volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. As a result, the exports reached the peak of 2K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses soared to $7.1M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 48%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland7368211,1011,26819.9%
Netherlands743905925741-0.1%
Germany72.820249553894.8%
Portugal26831732751023.9%
Egypt32463759450515.9%
United States13631037646550.7%
France15039831645644.9%
Italy13724220441244.3%
Israel0.73.93.2289644.6%
Greece73.077.931028457.3%
Brazil12723026720817.9%
Poland19.422.971.715499.5%
Indonesia8.4N/A93.7141156.0%
Others9291,3508681,1266.6%
Total3,7245,5175,9507,09824.0%

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Spain in 2022:

  1. Netherlands (464.1 tons)
  2. Germany (166.8 tons)
  3. Portugal (158.1 tons)
  4. Brazil (155.3 tons)
  5. Egypt (134.6 tons)
  6. Indonesia (97.8 tons)
  7. France (85.0 tons)
  8. Italy (83.9 tons)
  9. Israel (76.4 tons)
  10. Greece (48.9 tons)
  11. Poland (35.1 tons)
  12. United States (33.1 tons)
  13. Switzerland (29.9 tons)

Source: IndexBox Market Intelligence Platform

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