Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in France - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in France (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in France (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in France
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in France
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in France (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,139 per ton in September 2023, shrinking by -16.2% against the previous month. In general, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 25% month-to-month. The import price peaked at $1,379 per ton in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From March 2023 to September 2023, the rate of growth in terms of prices for Spain amounted to +30.3% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in France (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,766 per ton in 2022, surging by 50% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses increased by +100.9% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($2,312 per ton), while the average price for exports to the UK ($828 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+20.0%), 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 France
Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into France fell remarkably to 9.6K tons in 2022, with a decrease of -30.4% on 2021 figures. Overall, imports faced a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 67%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses expanded modestly to $12M in 2022. Over the period under review, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 75%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.0 | 4.0 | 5.0 | 5.9 | 13.8% |
| Sweden | 2.3 | 0.7 | 2.1 | 1.3 | -17.3% |
| China | 0.5 | 0.4 | 1.1 | 1.1 | 30.1% |
| Finland | 1.5 | N/A | 0.6 | 0.9 | -15.7% |
| Netherlands | 0.7 | 0.5 | 1.1 | 0.8 | 4.6% |
| Belgium | 0.6 | 0.7 | 1.0 | 0.7 | 5.3% |
| Spain | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Others | 11.1 | 0.2 | 0.4 | 0.6 | -62.2% |
| Total | 20.6 | 6.5 | 11.4 | 11.8 | -17.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to France in 2022:
- Germany (4.7K tons)
- Sweden (1.2K tons)
- China (0.9K tons)
- Belgium (0.8K tons)
- Finland (0.7K tons)
- Netherlands (0.6K tons)
- Spain (0.4K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in France
For the third year in a row, France recorded decline in overseas shipments of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, which decreased by -13.9% to 490 tons in 2022. Overall, exports recorded a dramatic descent. The smallest decline of -5.6% was in 2021.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $866K in 2022. Over the period under review, exports showed a mild downturn.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 93.3 | 140 | 312 | 288 | 45.6% |
| Italy | 203 | 160 | 92.1 | 211 | 1.3% |
| Algeria | 0.2 | 0.5 | 18.4 | 109 | 716.8% |
| Greece | N/A | 43.9 | N/A | 50.9 | 7.7% |
| Germany | 11.9 | 9.9 | 69.2 | 43.6 | 54.2% |
| Tunisia | 1.6 | 1.7 | 2.9 | 33.3 | 175.1% |
| Portugal | 24.8 | 37.1 | 31.5 | 32.2 | 9.1% |
| Senegal | N/A | N/A | 32.1 | 0.9 | -97.2% |
| Switzerland | 58.2 | 90.9 | 19.0 | N/A | -42.9% |
| Others | 501 | 64.7 | 94.8 | 96.6 | -42.2% |
| Total | 895 | 548 | 672 | 866 | -1.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from France in 2022:
- Spain (127.8 tons)
- Italy (124.5 tons)
- Greece (56.9 tons)
- Algeria (47.3 tons)
- Germany (40.9 tons)
- Portugal (24.0 tons)
- Tunisia (20.1 tons)
- Senegal (1.0 tons)
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