Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Denmark - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Denmark (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Denmark (FOB) - 2024
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Denmark
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Denmark
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Denmark (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,277 per ton in 2022, with an increase of 55% against the previous year. In general, the import price saw a temperate increase. The growth pace was the most rapid in 2019 an increase of 56% against the previous year. As a result, import price attained the peak level of $1,399 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($1,568 per ton), while the price for Sweden ($915 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+4.0%), 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 Denmark (FOB) - 2024
In August 2023, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $2,766 per ton, with a decrease of -8.5% against the previous month. Over the period under review, export price indicated strong growth from January 2023 to August 2023: its price increased at an average monthly rate of +6.6% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses increased by +76.0% against June 2023 indices. The pace of growth appeared the most rapid in July 2023 an increase of 92% m-o-m. As a result, the export price attained the peak level of $3,021 per ton, and then fell in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($8,876 per ton), while the average price for exports to Sweden ($921 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+38.5%), 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 Denmark
In 2022, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Denmark shrank to 9K tons, declining by -6.2% on the year before. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of 9.6K tons, and then contracted in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $11M in 2022. Overall, imports, however, saw prominent growth. The growth pace was the most rapid in 2021 with an increase of 77%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 1.2 | 1.5 | 3.3 | 5.6 | 67.1% |
| Germany | 0.6 | 0.9 | 2.3 | 3.2 | 74.7% |
| China | 0.6 | 0.3 | 0.5 | 0.8 | 10.1% |
| Turkey | 0.6 | 0.3 | 0.6 | 0.7 | 5.3% |
| Sweden | 1.6 | 1.3 | 0.6 | 0.5 | -32.1% |
| Netherlands | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
| Others | 5.0 | 0.1 | 0.3 | 0.2 | -65.8% |
| Total | 9.7 | 4.5 | 7.9 | 11.5 | 5.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Denmark in 2022:
- Norway (3.6K tons)
- Germany (2.9K tons)
- China (0.9K tons)
- Turkey (0.7K tons)
- Sweden (0.5K tons)
- Netherlands (0.3K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Denmark
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 -34.4% to 1.4K tons. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 100%. As a result, the exports attained the peak of 2.1K tons, and then declined rapidly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses declined modestly to $2.4M in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 96%. As a result, the exports attained the peak of $2.4M, and then dropped slightly in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 1,152 | 2,083 | 1,846 | 26.6% |
| Poland | N/A | 29.5 | 82.0 | 142 | 119.4% |
| Norway | 248 | 23.9 | 28.8 | 105 | -24.9% |
| United Kingdom | 17.6 | 11.0 | 6.1 | 64.3 | 54.0% |
| Sweden | 39.3 | 14.6 | 61.2 | 64.1 | 17.7% |
| France | N/A | N/A | 41.0 | 56.0 | 36.6% |
| Latvia | 33.3 | 0.6 | 10.1 | 4.3 | -49.5% |
| Others | 489 | 8.0 | 115 | 102 | -40.7% |
| Total | 826 | 1,240 | 2,428 | 2,384 | 42.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Denmark in 2022:
- Germany (930.3 tons)
- Poland (123.9 tons)
- Norway (93.0 tons)
- Sweden (58.0 tons)
- France (50.6 tons)
- United Kingdom (50.0 tons)
- Latvia (4.7 tons)
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