Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Spain - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Spain (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Spain (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Spain
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Spain
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Spain (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,227 per ton in 2022, increasing by 41% against the previous year. Over the period under review, the import price recorded a noticeable increase. The growth pace was the most rapid in 2013 an increase of 101%. As a result, import price reached the peak level of $1,840 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,987 per ton), while the price for Turkey ($835 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), 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 Spain (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $517 per ton in 2022, picking up by 43% against the previous year. Over the period under review, the export price, however, saw a deep setback. The growth pace was the most rapid in 2014 an increase of 87% against the previous year. The export price peaked at $1,238 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($1,101 per ton), while the average price for exports to Pakistan ($245 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 France (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Spain
In 2022, after three years of growth, there was significant decline in purchases abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, when their volume decreased by -15.6% to 7.9K tons. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $9.7M in 2022. In general, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 45%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.4 | 1.5 | 3.5 | 4.2 | 44.2% |
| Germany | 2.4 | 2.1 | 2.1 | 2.8 | 5.3% |
| Sweden | 0.3 | 0.5 | 0.8 | 0.8 | 38.7% |
| Italy | 0.2 | 0.3 | 0.5 | 0.7 | 51.8% |
| France | 0.1 | 0.2 | 0.5 | 0.4 | 58.7% |
| Netherlands | 0.5 | 0.5 | 0.3 | 0.3 | -15.7% |
| Turkey | 0.5 | 0.5 | 0.2 | 0.2 | -26.3% |
| Others | 5.7 | 0.1 | 0.2 | 0.2 | -67.3% |
| Total | 11.0 | 5.6 | 8.2 | 9.7 | -4.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Spain in 2022:
- China (3760.0 tons)
- Germany (2035.7 tons)
- Sweden (718.2 tons)
- Italy (442.7 tons)
- Netherlands (317.7 tons)
- Turkey (260.0 tons)
- France (176.8 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Spain
In 2022, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses from Spain fell notably to 16K tons, reducing by -29.1% compared with the year before. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of 22K tons, and then reduced rapidly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses reached $8.2M in 2022. Over the period under review, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 841 | 1,475 | 1,825 | 1,285 | 15.2% |
| Italy | 711 | 549 | 801 | 1,252 | 20.8% |
| India | 2,841 | 1,471 | 1,396 | 644 | -39.0% |
| Argentina | 414 | 64.5 | 642 | 598 | 13.0% |
| Lithuania | N/A | N/A | N/A | 556 | 0% |
| Bangladesh | 400 | 257 | 568 | 449 | 3.9% |
| France | 52.1 | 86.8 | 143 | 414 | 99.6% |
| Mexico | 659 | 419 | 579 | 392 | -15.9% |
| Portugal | 255 | 265 | 314 | 386 | 14.8% |
| United Kingdom | 91.3 | 114 | 141 | 233 | 36.7% |
| Germany | 164 | 87.1 | 154 | 233 | 12.4% |
| Iran | 32.2 | 55.7 | 34.4 | 205 | 85.3% |
| Pakistan | 352 | 299 | 301 | 137 | -27.0% |
| Others | 11,577 | 1,234 | 1,165 | 1,383 | -50.7% |
| Total | 18,389 | 6,377 | 8,063 | 8,170 | -23.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Spain in 2022:
- India (2.5K tons)
- Italy (2.5K tons)
- Brazil (2.4K tons)
- Bangladesh (1.0K tons)
- Mexico (1.0K tons)
- Argentina (1.0K tons)
- Lithuania (0.9K tons)
- Pakistan (0.6K tons)
- Iran (0.5K tons)
- Portugal (0.4K tons)
- France (0.4K tons)
- United Kingdom (0.4K tons)
- Germany (0.4K tons)
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