Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United States - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United States (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United States (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United States
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United States
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United States (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $863 per ton in September 2023, shrinking by -15.2% against the previous month. In general, the import price showed a noticeable shrinkage. The pace of growth was the most pronounced in August 2023 when the average import price increased by 40% month-to-month. Over the period under review, average import prices reached the maximum at $1,113 per ton in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,936 per ton), while the price for China ($592 per ton) was amongst the lowest.
From May 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+40.3%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United States (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,542 per ton in 2022, waning by -9.2% against the previous year. Over the period under review, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 94% against the previous year. The export price peaked at $1,698 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($6,967 per ton), while the average price for exports to Brazil ($610 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 Belgium (+20.1%), 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 the United States
In 2022, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into the United States reached 28K tons, leveling off at the previous year. Overall, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 26%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $30M in 2022. Over the period under review, imports, however, showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 32%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.6 | 6.5 | 7.8 | 11.4 | -0.6% |
| Germany | 6.4 | 4.8 | 4.3 | 8.1 | 8.2% |
| Sweden | 13.3 | 1.3 | 5.4 | 3.2 | -37.8% |
| Turkey | 5.1 | 3.1 | 2.5 | 2.8 | -18.1% |
| Italy | 0.5 | N/A | N/A | 0.4 | -7.2% |
| Others | 43.1 | 1.7 | 2.9 | 3.7 | -55.9% |
| Total | 79.9 | 17.4 | 22.9 | 29.5 | -28.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to the United States in 2022:
- China (13.6K tons)
- Germany (6.7K tons)
- Turkey (3.2K tons)
- Sweden (2.6K tons)
- Italy (0.5K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United States
Exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses from the United States skyrocketed to 8.2K tons in 2022, with an increase of 87% compared with 2021. Overall, exports, however, continue to indicate a perceptible descent.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $13M in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4.4 | 1.5 | 1.6 | 4.4 | 0.0% |
| Mexico | 1.9 | 2.8 | 2.7 | 3.3 | 20.2% |
| India | N/A | N/A | 0.1 | 1.1 | 1000.0% |
| United Kingdom | N/A | N/A | N/A | 1.1 | 0% |
| China | N/A | N/A | 0.9 | 0.6 | -33.3% |
| Ecuador | 0.3 | 0.1 | 0.7 | 0.5 | 18.6% |
| Brazil | 0.7 | 0.1 | 0.1 | 0.4 | -17.0% |
| Others | 8.7 | 0.5 | 1.2 | 1.2 | -48.3% |
| Total | 15.9 | 5.0 | 7.4 | 12.6 | -7.5% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from the United States in 2022:
- Canada (4.3K tons)
- Mexico (1.0K tons)
- Brazil (0.7K tons)
- Ecuador (0.7K tons)
- India (0.4K tons)
- United Kingdom (0.3K tons)
- China (0.3K tons)
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