Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Estonia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Estonia (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Estonia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Estonia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,083 per ton in 2022, picking up by 11% against the previous year. In general, the import price, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2016 an increase of 41% against the previous year. The import price peaked at $2,103 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Finland ($2,472 per ton), while the price for Germany ($853 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Estonia
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -15.1% to 213 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of 251 tons, and then contracted remarkably in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses fell to $231K in 2022. Over the period under review, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 78%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 52.6 | 58.9 | 80.8 | 113 | 29.0% |
| Lithuania | 16.6 | 70.5 | 152 | 113 | 89.5% |
| Finland | 6.3 | N/A | 10.8 | 2.8 | -23.7% |
| Others | 192 | 7.9 | 1.0 | 1.7 | -79.3% |
| Total | 268 | 137 | 244 | 231 | -4.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Estonia in 2022:
- Poland (115.1 tons)
- Lithuania (95.0 tons)
- Finland (1.2 tons)
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