Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uruguay - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uruguay (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uruguay (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uruguay
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uruguay
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uruguay (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,894 per ton in 2022, increasing by 71% against the previous year. In general, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 129% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($1,611 per ton), while the price for the United States ($533 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.7%), 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 Uruguay (FOB) - 2022
In 2021, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $645 per ton, falling by -6.3% against the previous year. Over the period under review, the export price saw a dramatic descent. Over the period under review, the average export prices reached the maximum at $6,600 per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Argentina.
From 2013 to 2021, the rate of growth in terms of prices for Brazil amounted to -3.9% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uruguay
In 2022, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Uruguay rose rapidly to 728 tons, increasing by 11% against 2021. In general, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $1.4M in 2022. Over the period under review, imports saw a prominent increase. 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 Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 188 | 160 | 111 | 278 | 13.9% |
| Spain | 68.6 | 17.4 | 101 | 271 | 58.1% |
| Turkey | N/A | N/A | N/A | 68.2 | 0% |
| Germany | 21.6 | 20.0 | N/A | 33.7 | 16.0% |
| Taiwan (Chinese) | 63.9 | 13.0 | 47.1 | 31.4 | -21.1% |
| Sweden | 59.5 | 27.3 | 102 | N/A | 30.9% |
| Others | 414 | 252 | 365 | 695 | 18.8% |
| Total | 817 | 489 | 726 | 1,378 | 19.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Uruguay in 2022:
- Spain (368.7 tons)
- China (234.2 tons)
- Turkey (59.8 tons)
- Taiwan (Chinese) (39.9 tons)
- Germany (20.9 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uruguay
In 2021, the amount of acids; saturated acyclic monocarboxylic acids; salts of formic acidses exported from Uruguay declined sharply to 400 kg, with a decrease of -99.4% against the previous year. In general, exports recorded a dramatic contraction.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses dropped sharply to $258 in 2021. Over the period under review, exports recorded a significant curtailment.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uruguay (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| Argentina | 6.5 | 0.1 | -98.5% |
| China | 8.2 | N/A | 0% |
| Brazil | 9.6 | N/A | 0% |
| Others | 24.3 | 0.1 | -99.6% |
| Total | 48.5 | 0.3 | -99.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Uruguay in 2022:
- Argentina (200.0 kg)
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