Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Finland - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Finland (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Finland (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Finland
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Finland
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Finland (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $1,909 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 215%. As a result, import price reached the peak level of $3,659 per ton. From 2020 to 2022, the average import prices remained 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 Denmark ($12,746 per ton), while the price for China ($762 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+27.3%), 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 Finland (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $470 per ton in 2022, with a decrease of -38.4% against the previous year. Overall, the export price showed a abrupt downturn. The growth pace was the most rapid in 2019 when the average export price increased by 187%. As a result, the export price reached the peak level of $1,632 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($870 per ton), while the average price for exports to Russia stood at $412 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+18.0%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Finland
For the fourth consecutive year, Finland recorded growth in purchases abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, which increased by 52% to 1.1K tons in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $2.1M in 2022. Over the period under review, imports enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 62% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 369 | 399 | 854 | 1,083 | 43.2% |
| China | 110 | 47.2 | 81.4 | 273 | 35.4% |
| Sweden | 206 | 295 | 258 | 260 | 8.1% |
| Netherlands | 79.8 | 0.4 | 2.6 | 155 | 24.8% |
| Germany | 116 | 61.7 | 77.2 | 127 | 3.1% |
| Belgium | 0.1 | 50.3 | 88.9 | 75.7 | 811.4% |
| Lithuania | N/A | 7.0 | 37.5 | 68.6 | 213.0% |
| Others | 975 | 8.6 | 6.5 | 80.3 | -56.5% |
| Total | 1,855 | 869 | 1,406 | 2,123 | 4.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Finland in 2022:
- China (358.0 tons)
- Sweden (324.0 tons)
- Netherlands (111.9 tons)
- Germany (93.4 tons)
- Denmark (85.0 tons)
- Belgium (58.0 tons)
- Lithuania (42.4 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Finland
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; salts of formic acidses exported from Finland contracted markedly to 5.6 tons, shrinking by -94.1% on the previous year. In general, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 579%. As a result, the exports reached the peak of 95 tons, and then reduced markedly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses fell markedly to $2.6K in 2022. Over the period under review, exports showed a precipitous decline. The pace of growth was the most pronounced in 2021 when exports increased by 375% against the previous year. As a result, the exports attained the peak of $73K, and then shrank significantly in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 10.4 | 15.3 | 63.8 | 2.0 | -42.3% |
| Estonia | 4.9 | N/A | 8.7 | 0.6 | -50.3% |
| Others | 15.4 | N/A | N/A | N/A | 0% |
| Total | 30.7 | 15.3 | 72.5 | 2.6 | -56.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Finland in 2022:
- Russia (4.9 tons)
- Estonia (0.7 tons)
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