Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Norway - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Norway (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Norway (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Norway
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Norway
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Norway (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $1,911 per ton, with an increase of 61% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses increased by +65.0% against 2020 indices. The export price peaked at $1,912 per ton in 2018; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($2,234 per ton), while the average price for exports to Iceland ($908 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 the Philippines (+11.7%), 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 Norway (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $795 per ton in 2022, dropping by -36.2% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 147% against the previous year. As a result, import price reached the peak level of $5,891 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($12,978 per ton), while the price for Sweden ($341 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 (+13.6%), 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 Norway
In 2022, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses from Norway contracted to 32K tons, which is down by -2% against 2021. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 36%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $62M in 2022. In general, exports, however, posted a moderate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 10.6 | N/A | 0.2 | 6.4 | -15.5% |
| Germany | 5.0 | 3.7 | 4.7 | 5.8 | 5.1% |
| Denmark | 1.2 | 0.3 | 1.6 | 4.2 | 51.8% |
| Sweden | 1.6 | 0.5 | 2.4 | 4.1 | 36.8% |
| Philippines | 1.0 | 0.9 | 1.1 | 1.7 | 19.3% |
| India | 0.9 | 0.6 | 1.0 | 1.5 | 18.6% |
| Vietnam | 1.1 | 1.2 | 2.3 | 1.1 | 0.0% |
| Turkey | 0.2 | 0.2 | 0.3 | 0.6 | 44.2% |
| Saudi Arabia | 0.3 | 0.3 | 0.4 | 0.6 | 26.0% |
| Bangladesh | 0.3 | 0.4 | 0.5 | 0.5 | 18.6% |
| Indonesia | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
| Iceland | N/A | N/A | 0.3 | 0.3 | 0.0% |
| China | 0.3 | 2.5 | 1.3 | N/A | 108.2% |
| Others | 31.7 | 17.0 | 22.5 | 34.4 | 2.8% |
| Total | 54.4 | 28.0 | 39.1 | 61.7 | 4.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Norway in 2022:
- United Kingdom (3.6K tons)
- Sweden (3.1K tons)
- Denmark (2.8K tons)
- Germany (2.7K tons)
- India (0.8K tons)
- Philippines (0.7K tons)
- Vietnam (0.6K tons)
- Turkey (0.3K tons)
- Saudi Arabia (0.3K tons)
- Indonesia (0.3K tons)
- Iceland (0.3K tons)
- Bangladesh (0.2K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Norway
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; salts of formic acidses imported into Norway soared to 60K tons, growing by 139% on the previous year's figure. Over the period under review, imports posted a significant expansion. 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 soared to $48M in 2022. In general, imports, however, saw a abrupt shrinkage.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 15.0 | 17.9 | 7.0 | 9.0 | -15.7% |
| Sweden | 1.3 | 1.7 | 2.8 | 7.6 | 80.1% |
| Germany | 1.0 | 0.2 | 2.0 | 3.1 | 45.8% |
| China | 3.0 | 0.8 | 0.4 | 1.9 | -14.1% |
| Netherlands | 1.3 | 2.0 | 1.2 | 1.0 | -8.4% |
| Turkey | 0.5 | 0.5 | 0.5 | 0.7 | 11.9% |
| Belgium | 0.1 | N/A | 1.7 | 0.1 | 0.0% |
| Others | 51.2 | 28.4 | 15.7 | 24.3 | -22.0% |
| Total | 73.4 | 51.4 | 31.2 | 47.7 | -13.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Norway in 2022:
- Sweden (22.3K tons)
- Germany (2.6K tons)
- China (2.5K tons)
- Canada (0.7K tons)
- Netherlands (0.7K tons)
- Turkey (0.6K tons)
- Belgium (0.1K tons)
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