Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Ecuador - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Ecuador (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Ecuador (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Ecuador
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Ecuador
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Ecuador (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $739 per ton, growing by 6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2018 when the average import price increased by 30% against the previous year. The import price peaked at $765 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
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 Belgium ($2,846 per ton), while the price for China ($438 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+15.2%), 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 Ecuador (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,354 per ton in 2022, increasing by 122% against the previous year. In general, the export price continues to indicate modest growth. The export price peaked at $2,115 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($2,086 per ton), while the average price for exports to Colombia totaled $786 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+9.2%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Ecuador
Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Ecuador dropped remarkably to 3.6K tons in 2022, with a decrease of -23.3% against 2021. In general, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 284% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses fell markedly to $2.7M in 2022. Over the period under review, imports recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of 247%. As a result, imports attained the peak of $3.2M, and then contracted markedly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 708 | 128 | 576 | 389 | -18.1% |
| United States | 230 | 51.0 | 271 | 168 | -9.9% |
| Sweden | 113 | 122 | 114 | 90.1 | -7.3% |
| Belgium | 236 | 37.7 | 47.2 | 83.2 | -29.4% |
| Norway | 35.3 | 106 | 139 | 76.9 | 29.6% |
| Spain | 115 | 49.9 | 163 | 76.2 | -12.8% |
| Colombia | 21.0 | 5.7 | 78.2 | 36.6 | 20.3% |
| Costa Rica | 228 | 12.6 | 37.8 | 16.2 | -58.6% |
| Others | 1,380 | 423 | 1,819 | 1,726 | 7.7% |
| Total | 3,067 | 936 | 3,245 | 2,662 | -4.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Ecuador in 2022:
- China (887.8 tons)
- United States (254.0 tons)
- Sweden (177.7 tons)
- Colombia (63.9 tons)
- Spain (44.3 tons)
- Norway (42.3 tons)
- Belgium (29.2 tons)
- Costa Rica (12.7 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Ecuador
After three years of growth, shipments abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -63.9% to 50 tons in 2022. In general, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 119%. As a result, the exports attained the peak of 137 tons, and then contracted notably in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses shrank notably to $67K in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 36%. As a result, the exports attained the peak of $84K, and then declined dramatically in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | N/A | N/A | N/A | 22.4 | 0% |
| Colombia | 53.1 | 61.9 | 41.9 | 22.0 | -25.5% |
| Others | N/A | N/A | 41.9 | 22.6 | -46.1% |
| Total | 53.1 | 61.9 | 83.9 | 67.0 | 8.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Ecuador in 2022:
- Colombia (28.0 tons)
- Peru (10.7 tons)
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