Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Brazil - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Brazil (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Brazil (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Brazil
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Brazil
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Brazil (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $687 per ton in September 2023, surging by 7.3% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 8.2% month-to-month. As a result, import price reached the peak level of $746 per ton. From August 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($1,240 per ton), while the price for China ($638 per ton) was amongst the lowest.
From May 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.6%), 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 Brazil (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,269 per ton in 2022, rising by 1.9% against the previous year. Over the period under review, the export price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 44% against the previous year. The export price peaked at $1,540 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Paraguay ($1,546 per ton) and Bolivia ($1,253 per ton), while the average price for exports to Uruguay ($1,203 per ton) and Argentina ($1,209 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Brazil
In 2022, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Brazil expanded significantly to 46K tons, increasing by 14% compared with the year before. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 171%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses soared to $51M in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 5.8 | 10.3 | 18.5 | 45.5% |
| Sweden | 0.7 | 1.1 | 1.6 | 2.5 | 52.9% |
| Germany | 0.5 | 0.4 | 0.4 | 2.0 | 58.7% |
| Spain | 0.9 | 1.2 | 1.9 | 1.6 | 21.1% |
| United States | 1.0 | 0.4 | 0.3 | 0.7 | -11.2% |
| Others | 9.4 | 9.3 | 15.2 | 25.8 | 40.0% |
| Total | 18.5 | 18.2 | 29.7 | 51.1 | 40.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Brazil in 2022:
- China (15.9K tons)
- Spain (2.6K tons)
- Sweden (2.0K tons)
- Germany (1.3K tons)
- United States (0.4K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Brazil
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; salts of formic acidses exported from Brazil surged to 428 tons, picking up by 58% against the previous year. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 378% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses soared to $543K in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 268% against the previous year. The exports peaked 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 Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 18.3 | 52.0 | 117 | 211 | 125.9% |
| Paraguay | 2.9 | 29.1 | 37.9 | 55.0 | 166.7% |
| Bolivia | N/A | N/A | 9.9 | 3.1 | -68.7% |
| Uruguay | 5.5 | 6.7 | 1.6 | 2.5 | -23.1% |
| Haiti | N/A | 7.0 | N/A | N/A | 0% |
| Others | 26.6 | 101 | 170 | 272 | 117.1% |
| Total | 53.3 | 196 | 337 | 543 | 116.8% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Brazil in 2022:
- Argentina (174.6 tons)
- Paraguay (35.5 tons)
- Bolivia (2.5 tons)
- Uruguay (2.0 tons)
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