Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Belarus - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Belarus (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Belarus (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Belarus
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Belarus
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Belarus (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $612 per ton in 2022, which is down by -30.2% against the previous year. Over the period under review, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of 72%. As a result, import price reached the peak level of $1,223 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($1,786 per ton), while the price for Lithuania ($290 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Belarus (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $1,050 per ton, standing approx. at the previous year. Over the period under review, the export price enjoyed a noticeable increase. The pace of growth was the most pronounced in 2021 an increase of 57% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to +7.4% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Belarus
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -21.2% to 670 tons, falling for the second year in a row after two years of growth. Overall, imports faced a precipitous slump. The pace of growth appeared the most rapid in 2020 when imports increased by 8.1%. As a result, imports reached the peak of 1.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses contracted dramatically to $410K in 2022. Over the period under review, imports saw a significant curtailment. The smallest decline of -5.9% was in 2020.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 166 | 212 | 220 | 163 | -0.6% |
| China | 590 | 460 | 255 | 127 | -40.1% |
| Poland | 105 | 203 | 62.4 | 53.6 | -20.1% |
| Belgium | 75.7 | 71.7 | 53.9 | 40.6 | -18.8% |
| Ukraine | 10.1 | 14.5 | 25.2 | 18.7 | 22.8% |
| Lithuania | 11.2 | 9.5 | 6.4 | 4.3 | -27.3% |
| Germany | 22.8 | 8.5 | 91.0 | 1.2 | -62.5% |
| Others | 785 | 683 | 31.8 | 0.8 | -89.9% |
| Total | 1,766 | 1,662 | 746 | 410 | -38.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Belarus in 2022:
- China (289.2 tons)
- Russia (277.6 tons)
- Poland (42.3 tons)
- Belgium (34.2 tons)
- Lithuania (14.9 tons)
- Ukraine (10.5 tons)
- Germany (1.3 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Belarus
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; salts of formic acidses exported from Belarus totaled 105 tons, leveling off at 2021. Over the period under review, exports enjoyed strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 116% against the previous year. As a result, the exports attained the peak of 136 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; salts of formic acidses amounted to $110K in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 92%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 23.7 | 45.5 | 110 | 110 | 66.8% |
| Others | 23.7 | 45.5 | N/A | N/A | 92.0% |
| Total | 47.4 | 91.0 | 110 | 110 | 32.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Belarus in 2022:
- Russia (104.9 tons)
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