Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Russia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Russia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Russia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Russia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Russia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Russia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $548 per ton, picking up by 4.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 44% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.3% per year.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Russia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $1,000 per ton, growing by 69% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($1,955 per ton), while the average price for exports to Kazakhstan ($716 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 Armenia (+21.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Russia
In 2022, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Russia expanded significantly to 32K tons, with an increase of 8.7% against the previous year. Over the period under review, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 39%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses expanded sharply to $17M in 2022. In general, imports posted a tangible expansion. The growth pace was the most rapid in 2021 when imports increased by 99% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.4 | 6.4 | 14.1 | 16.6 | 4.9% |
| Others | 1.3 | 1.2 | 1.1 | 0.8 | -14.9% |
| Total | 15.7 | 7.6 | 15.2 | 17.3 | 3.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Russia in 2022:
- China (31.2K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Russia
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -36.9% to 397 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 61%. As a result, the exports reached the peak of 942 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses expanded notably to $397K in 2022. Overall, exports showed a perceptible setback. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. As a result, the exports attained the peak of $559K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | N/A | 15.0 | 36.8 | 143 | 208.8% |
| Croatia | N/A | N/A | N/A | 142 | 0% |
| Kazakhstan | 146 | 275 | 225 | 49.2 | -30.4% |
| Armenia | N/A | N/A | 3.7 | 39.4 | 964.9% |
| Kyrgyzstan | 94.1 | 5.8 | 85.9 | 23.1 | -37.4% |
| Belarus | 188 | 259 | N/A | N/A | 37.8% |
| Others | 6.5 | 4.5 | 21.6 | N/A | 82.3% |
| Total | 434 | 559 | 373 | 397 | -2.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Russia in 2022:
- Georgia (152.5 tons)
- Croatia (131.9 tons)
- Kazakhstan (68.7 tons)
- Kyrgyzstan (23.5 tons)
- Armenia (20.1 tons)
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