Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Germany - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Germany (FOB) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Germany (CIF) - 2024
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Germany
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Germany
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Germany (FOB) - 2024
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $1,212 per ton, surging by 11% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 27% against the previous month. As a result, the export price reached the peak level of $1,365 per ton. From June 2023 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($5,178 per ton), while the average price for exports to India ($731 per ton) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Germany (CIF) - 2024
In September 2023, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $942 per ton, which is down by -9.2% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 12% month-to-month. As a result, import price reached the peak level of $1,124 per ton. From August 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Norway ($951 per ton), while the price for China ($623 per ton) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Germany
For the third year in a row, Germany recorded decline in overseas shipments of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, which decreased by -11.8% to 54K tons in 2022. In general, exports saw a precipitous curtailment. The smallest decline of -2.8% was in 2021.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $67M in 2022. Over the period under review, exports saw a deep reduction.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.0 | 4.7 | 5.7 | 8.6 | 19.8% |
| United States | 5.6 | 5.4 | 5.2 | 8.3 | 14.0% |
| France | 5.3 | 4.3 | 5.3 | 6.2 | 5.4% |
| Poland | 3.0 | 2.9 | 3.7 | 4.5 | 14.5% |
| Netherlands | 5.5 | 3.8 | 2.5 | 3.9 | -10.8% |
| Belgium | 3.1 | 2.5 | 2.8 | 3.2 | 1.1% |
| Spain | 2.4 | 2.1 | 2.2 | 3.2 | 10.1% |
| Denmark | 2.5 | 2.8 | 3.1 | 3.0 | 6.3% |
| Norway | 1.5 | 4.8 | 3.3 | 3.0 | 26.0% |
| Austria | 1.3 | 0.8 | 1.6 | 1.8 | 11.5% |
| Brazil | 0.5 | 0.5 | 0.3 | 1.7 | 50.4% |
| Romania | 1.0 | 1.1 | 1.6 | 1.7 | 19.3% |
| Lithuania | 2.2 | 0.3 | 0.2 | 1.4 | -14.0% |
| Others | 70.1 | 11.2 | 14.6 | 16.3 | -38.5% |
| Total | 109 | 47.1 | 52.1 | 66.7 | -15.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Germany in 2022:
- Italy (7.2K tons)
- United States (6.2K tons)
- France (5.4K tons)
- Poland (3.8K tons)
- Netherlands (3.5K tons)
- Belgium (2.9K tons)
- Denmark (2.8K tons)
- Norway (2.6K tons)
- Spain (2.4K tons)
- Lithuania (1.6K tons)
- Romania (1.5K tons)
- Brazil (1.2K tons)
- Austria (1.2K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Germany
Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Germany expanded modestly to 17K tons in 2022, rising by 2.9% on the year before. In general, imports, however, saw a sharp downturn. The growth pace was the most rapid in 2021 when imports increased by 93% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses soared to $18M in 2022. Overall, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 114% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 7.8 | 1.5 | 3.2 | 8.0 | 0.8% |
| Netherlands | 3.0 | 2.1 | 2.2 | 3.2 | 2.2% |
| Belgium | 0.3 | 0.7 | 2.4 | 2.4 | 100.0% |
| China | 1.9 | 0.5 | 1.9 | 1.5 | -7.6% |
| Turkey | 1.4 | N/A | 1.2 | 0.7 | -20.6% |
| Poland | 0.1 | 0.2 | 0.3 | 0.7 | 91.3% |
| Spain | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | 17.0 | 0.6 | 1.0 | 1.2 | -58.7% |
| Total | 31.7 | 5.8 | 12.3 | 18.0 | -17.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Germany in 2022:
- Sweden (8.8K tons)
- Netherlands (2.6K tons)
- China (1.4K tons)
- Belgium (1.3K tons)
- Turkey (0.7K tons)
- Poland (0.4K tons)
- Spain (0.4K tons)
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