Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Israel - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Israel (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Israel (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Israel
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Israel
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Israel (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,182 per ton in 2022, rising by 43% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses increased by +92.3% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($1,182 per ton) and the Netherlands ($1,182 per ton), while the price for China ($1,182 per ton) and Switzerland ($1,182 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+43.3%), 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 Israel (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $726 per ton, reducing by -77% against the previous year. In general, the export price, however, enjoyed temperate growth. The pace of growth was the most pronounced in 2019 an increase of 309% against the previous year. Over the period under review, the average export prices hit record highs at $3,157 per ton in 2021, and then shrank significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($6,665 per ton), while the average price for exports to France ($248 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+36.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Israel
In 2022, approx. 5.3K tons of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were imported into Israel; rising by 29% compared with the previous year. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.8% against 2019 indices. 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 skyrocketed to $6.2M in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 370 | 364 | 690 | 1,421 | 56.6% |
| Germany | 427 | 311 | 353 | 900 | 28.2% |
| Netherlands | 224 | 356 | 406 | 396 | 20.9% |
| Switzerland | N/A | N/A | 34.0 | 151 | 344.1% |
| Turkey | N/A | N/A | N/A | 97.0 | 0% |
| United States | 95.0 | N/A | 2.0 | 51.0 | -18.7% |
| Others | 1,146 | 1,155 | 1,881 | 3,192 | 40.7% |
| Total | 2,262 | 2,186 | 3,366 | 6,208 | 40.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Israel in 2022:
- China (1201.9 tons)
- Germany (761.3 tons)
- Netherlands (335.0 tons)
- Switzerland (127.7 tons)
- Turkey (82.0 tons)
- United States (43.1 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Israel
For the fourth consecutive year, Israel recorded growth in overseas shipments of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, which increased by 86% to 121 tons in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 90% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses contracted rapidly to $88K in 2022. Over the period under review, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 506%. As a result, the exports reached the peak of $206K, and then declined dramatically in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.9 | 23.5 | 11.4 | 44.7 | 78.2% |
| India | 1.6 | 5.3 | 20.0 | 24.3 | 147.6% |
| France | 1.7 | N/A | 4.2 | 12.4 | 93.9% |
| Netherlands | 1.8 | 3.7 | 7.5 | 4.9 | 39.6% |
| Mozambique | N/A | N/A | 162 | N/A | 0% |
| Others | 47.0 | 1.6 | 0.7 | 1.8 | -66.3% |
| Total | 60.0 | 34.0 | 206 | 88.0 | 13.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Israel in 2022:
- Germany (61.1 tons)
- France (50.1 tons)
- Netherlands (4.9 tons)
- India (3.6 tons)
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