Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in New Zealand - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in New Zealand (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in New Zealand
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in New Zealand (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $1,178 per ton, with an increase of 43% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 +97.6% against 2018 indices. As a result, import price reached 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 highest price was recorded for prices from Australia ($1,178 per ton) and the United States ($1,178 per ton), while the price for China ($1,178 per ton) and India ($1,178 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in New Zealand
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; salts of formic acidses imported into New Zealand skyrocketed to 664 tons, rising by 28% against the previous year. In general, imports, however, recorded a deep slump.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $782K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 271 | 142 | 161 | 259 | -1.5% |
| Netherlands | 22.5 | 67.4 | 22.9 | 66.6 | 43.6% |
| Australia | 7.3 | 10.2 | 11.5 | 36.0 | 70.2% |
| Germany | 1.6 | 1.2 | 4.6 | 13.0 | 101.0% |
| India | 0.5 | 0.4 | 0.1 | 6.7 | 137.5% |
| United States | 0.6 | 0.6 | 0.9 | 5.9 | 114.2% |
| Taiwan (Chinese) | 9.4 | 19.0 | 12.8 | N/A | 16.7% |
| Others | 320 | 250 | 216 | 395 | 7.3% |
| Total | 632 | 491 | 429 | 782 | 7.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to New Zealand in 2022:
- China (219.6 tons)
- Netherlands (56.6 tons)
- Australia (30.5 tons)
- Germany (11.0 tons)
- India (5.7 tons)
- United States (5.0 tons)
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