Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Italy - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Italy (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Italy (FOB) - 2024
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Italy
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Italy
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Italy (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $907 per ton, increasing by 30% against the previous year. In general, import price indicated notable growth from 2015 to 2022: its price increased at an average annual rate of +3.9% over the last seven years. 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 +59.2% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,657 per ton), while the price for Spain ($534 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), 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 Italy (FOB) - 2024
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $1,601 per ton, surging by 31% against the previous month. In general, export price indicated a resilient expansion from March 2023 to September 2023: its price increased at an average monthly rate of +7.1% over the last six-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses increased by +32.7% against July 2023 indices. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 79% against the previous month. The export price peaked at $1,914 per ton in June 2023; however, from July 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Japan ($6,756 per ton), while the average price for exports to Switzerland amounted to $1,226 per ton.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.6%), 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 Italy
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; salts of formic acidses imported into Italy reduced remarkably to 18K tons, shrinking by -19.1% compared with 2021 figures. In general, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 8.6% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses rose sharply to $16M in 2022. Overall, imports recorded a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 32%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.5 | 2.8 | 3.7 | 4.9 | 11.9% |
| China | 2.5 | 2.9 | 3.0 | 4.4 | 20.7% |
| Sweden | 6.8 | 3.7 | 5.1 | 4.0 | -16.2% |
| Spain | 0.8 | 0.1 | 0.9 | 1.3 | 17.6% |
| Turkey | 0.6 | 0.4 | 0.2 | 0.3 | -20.6% |
| Netherlands | 0.7 | 0.3 | 0.3 | 0.3 | -24.6% |
| Belgium | 0.8 | 1.0 | 0.8 | 0.1 | -50.0% |
| Others | 16.3 | 0.3 | 1.3 | 0.7 | -65.0% |
| Total | 31.9 | 11.5 | 15.3 | 16.1 | -20.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Italy in 2022:
- Sweden (6.2K tons)
- China (4.0K tons)
- Germany (3.9K tons)
- Spain (2.5K tons)
- Turkey (0.4K tons)
- Netherlands (0.2K tons)
- Belgium (0.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Italy
In 2022, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses from Italy amounted to 2.9K tons, remaining stable against the previous year. Over the period under review, exports, however, showed a precipitous slump. The growth pace was the most rapid in 2021 when exports increased by 18% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses soared to $3.7M in 2022. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 52%.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 194 | 337 | 475 | 1,079 | 77.2% |
| Poland | 474 | 453 | 705 | 653 | 11.3% |
| United States | 544 | 1.8 | 51.5 | 516 | -1.7% |
| Portugal | 11.0 | 64.2 | 57.3 | 174 | 151.0% |
| France | 85.9 | 27.7 | 74.0 | 161 | 23.3% |
| Germany | 3.8 | 37.8 | 169 | 155 | 244.2% |
| Norway | 551 | 363 | 2.2 | 133 | -37.7% |
| Croatia | 1.6 | 1.2 | 2.3 | 114 | 314.6% |
| Finland | N/A | N/A | N/A | 96.2 | 0% |
| Hungary | 11.4 | N/A | 3.8 | 88.5 | 98.0% |
| Greece | 66.7 | 6.6 | 4.2 | 66.1 | -0.3% |
| Morocco | 58.9 | 11.1 | 13.6 | 64.0 | 2.8% |
| Lithuania | N/A | N/A | N/A | 39.7 | 0% |
| Others | 3,326 | 584 | 1,307 | 370 | -51.9% |
| Total | 5,328 | 1,887 | 2,866 | 3,709 | -11.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Italy in 2022:
- Spain (701.5 tons)
- Poland (638.5 tons)
- United States (431.1 tons)
- Norway (185.6 tons)
- Germany (122.9 tons)
- Portugal (117.1 tons)
- Finland (113.2 tons)
- Croatia (89.4 tons)
- France (76.8 tons)
- Morocco (75.3 tons)
- Hungary (52.8 tons)
- Greece (47.9 tons)
- Lithuania (47.6 tons)
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