Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Venezuela - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Venezuela (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Venezuela
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Venezuela (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,745 per ton in 2022, picking up by 13% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 140%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady 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 the United States ($2,369 per ton), while the price for Taiwan (Chinese) ($55 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+341.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Venezuela
In 2022, approx. 98 tons of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were imported into Venezuela; with an increase of 71% on the year before. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 458% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $171K in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 630%. 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 Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.0 | 95.9 | 84.3 | 162 | 131.8% |
| Norway | 0.1 | 0.6 | 1.2 | 4.5 | 255.7% |
| Belgium | 0.3 | 1.8 | 1.2 | 1.9 | 85.0% |
| Netherlands | 0.1 | 0.5 | 0.4 | 0.7 | 91.3% |
| Italy | 0.1 | 0.4 | 0.3 | 0.5 | 71.0% |
| China | 0.1 | 0.5 | 0.3 | 0.5 | 71.0% |
| Taiwan (Chinese) | N/A | 0.2 | 0.2 | 0.3 | 22.5% |
| Others | 0.1 | 0.3 | 0.2 | 0.6 | 81.7% |
| Total | 13.7 | 100 | 88.2 | 171 | 132.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Venezuela in 2022:
- United States (68.4 tons)
- Norway (7.3 tons)
- Netherlands (5.5 tons)
- China (5.0 tons)
- Taiwan (Chinese) (4.6 tons)
- Italy (4.0 tons)
- Belgium (1.3 tons)
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