Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Indonesia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Indonesia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Indonesia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Indonesia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Indonesia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Indonesia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $824 per ton in 2022, picking up by 9.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2018 an increase of 36% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
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 the United States ($5,837 per ton), while the price for Taiwan (Chinese) ($460 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.8%), 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 Indonesia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,200 per ton in 2022, waning by -47% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2020 an increase of 137% against the previous year. Over the period under review, the average export prices hit record highs at $2,263 per ton in 2021, and then declined notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($10,289 per ton), while the average price for exports to China ($837 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 Singapore (+40.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Indonesia
Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Indonesia surged to 5.8K tons in 2022, picking up by 41% compared with the previous year's figure. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $4.8M in 2022. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 111% against the previous year. Over the period under review, imports of hit record highs 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 Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 483 | 288 | 1,010 | 1,761 | 53.9% |
| Taiwan (Chinese) | 290 | 169 | 253 | 192 | -12.8% |
| Germany | 66.6 | 121 | 141 | 176 | 38.3% |
| Netherlands | 38.9 | 21.2 | 55.9 | 171 | 63.8% |
| Others | 1,162 | 870 | 1,645 | 2,498 | 29.1% |
| Total | 2,040 | 1,469 | 3,104 | 4,798 | 33.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Indonesia in 2022:
- China (2.8K tons)
- Taiwan (Chinese) (0.4K tons)
- Netherlands (0.2K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Indonesia
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -54.5% to 20 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2020 when exports increased by 81% against the previous year. As a result, the exports attained the peak of 113 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses reduced sharply to $24K in 2022. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 327% against the previous year. As a result, the exports reached the peak of $175K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 20.0 | 87.0 | 97.5 | 11.7 | -16.4% |
| China | N/A | N/A | N/A | 5.9 | 0% |
| Others | 20.9 | 87.9 | 2.0 | 6.4 | -32.6% |
| Total | 40.9 | 175 | 99.4 | 24.0 | -16.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Indonesia in 2022:
- China (7.1 tons)
- India (5.8 tons)
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