Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Canada - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Canada (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Canada (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Canada
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Canada
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Canada (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $9,398 per ton, with an increase of 18% against the previous year. In general, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of 179%. As a result, the export price reached the peak level of $15,945 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($17,129 per ton), while the average price for exports to China ($2,840 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 the United States (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Canada (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,055 per ton in 2022, leveling off at the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.4% 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; salts of formic acidses increased by +50.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 50% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 China ($1,397 per ton), while the price for Spain ($540 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Canada
In 2022, after three years of growth, there was significant decline in shipments abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, when their volume decreased by -29.5% to 2.9K tons. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,314%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses shrank notably to $27M in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 929% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | N/A | 9.3 | 4.7 | 8.6 | -3.8% |
| United Kingdom | N/A | N/A | 9.6 | 3.1 | -67.7% |
| United States | 1.0 | 0.7 | 1.5 | 1.6 | 17.0% |
| Singapore | N/A | N/A | 0.2 | 0.1 | -50.0% |
| China | N/A | N/A | N/A | 0.1 | 0% |
| Others | 1.0 | 10.0 | 16.5 | 13.5 | 138.1% |
| Total | 2.0 | 20.1 | 32.6 | 27.0 | 138.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Canada in 2022:
- Norway (669.6 tons)
- United Kingdom (588.6 tons)
- United States (92.9 tons)
- Singapore (39.6 tons)
- China (38.9 tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Canada
In 2022, after two years of decline, there was significant growth in purchases abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, when their volume increased by 177% to 18K tons. Overall, imports, however, saw a pronounced setback.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $19M in 2022. In general, imports posted a remarkable increase. 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 Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.0 | 1.1 | 1.1 | 3.7 | -2.6% |
| China | 0.9 | 0.9 | 1.7 | 2.3 | 36.7% |
| Turkey | 1.3 | 1.8 | 0.1 | 2.2 | 19.2% |
| Germany | 0.1 | 0.1 | 0.2 | 0.8 | 100.0% |
| Sweden | N/A | 0.3 | 0.1 | 0.3 | 0.0% |
| Spain | 1.0 | 0.7 | N/A | 0.1 | -53.6% |
| Others | 7.5 | 5.0 | 3.6 | 9.5 | 8.2% |
| Total | 14.7 | 9.8 | 6.8 | 18.8 | 8.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Canada in 2022:
- United States (3.9K tons)
- Turkey (2.3K tons)
- China (1.6K tons)
- Germany (0.6K tons)
- Sweden (0.3K tons)
- Spain (0.1K tons)
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