Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Chile - 2024

Contents:

1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Chile (CIF) - 2022
2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Chile (FOB) - 2022
3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Chile
4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Chile

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Chile (CIF) - 2022

The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,868 per ton in 2022, surging by 57% against the previous year. Over the period under review, the import price saw resilient growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 154%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($1,073 per ton) and the United States ($1,017 per ton), while the price for Spain ($727 per ton) and the Netherlands ($916 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.5%), 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 Chile (FOB) - 2022

In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $2,785 per ton, shrinking by -49.4% against the previous year. Over the period under review, the export price, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2018 when the average export price increased by 615%. Over the period under review, the average export prices attained the peak figure at $10,180 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Uruguay.

From 2017 to 2022, the rate of growth in terms of prices for Norway amounted to +29.6% per year.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Chile

Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Chile contracted notably to 705 tons in 2022, waning by -16.5% on 2021. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 844 tons, and then fell notably in the following year.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses soared to $1.3M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 83% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Chile in 2022:

1. China (513.2 tons)
2. Spain (121.4 tons)
3. Netherlands (54.0 tons)
4. Germany (2.4 tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Chile

In 2022, approx. 400 kg of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were exported from Chile; rising by 19,900% against 2021. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $1.1K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Chile in 2022:

1. Uruguay (400.0 kg)

Source: IndexBox Market Intelligence Platform