Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Italy - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Italy (CIF) - 2023
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Italy (FOB) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Italy
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Italy
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Italy (CIF) - 2023
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,355 per ton in November 2023, waning by -5.3% against the previous month. Overall, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in October 2023 an increase of 4.9% m-o-m. Over the period under review, average import prices reached the peak figure at $1,859 per ton in December 2022; however, from January 2023 to November 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Indonesia ($1,258 per ton), while the price for China amounted to $1,169 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (-1.7%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Italy (FOB) - 2022
The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,057 per ton in 2022, with a decrease of -26.5% against the previous year. Over the period under review, the export price saw a deep downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 82%. The export price peaked at $3,440 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($1,416 per ton), while the average price for exports to Spain ($929 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 Egypt (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Italy
In 2022, approx. 22K tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were imported into Italy; declining by -5.3% on 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of 23K tons, and then reduced in the following year.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses surged to $49M in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 120%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.0 | 8.7 | 18.5 | 18.1 | 18.1% |
| France | 6.0 | 5.2 | 11.0 | 15.7 | 37.8% |
| Czech Republic | 4.8 | 3.1 | 5.7 | 5.6 | 5.3% |
| Netherlands | 1.4 | 1.0 | 2.5 | 3.5 | 35.7% |
| Belgium | 3.0 | 0.6 | 2.4 | 3.5 | 5.3% |
| China | N/A | N/A | 0.5 | 1.5 | 200.0% |
| Others | 0.7 | 0.4 | 1.4 | 0.8 | 4.6% |
| Total | 26.9 | 19.0 | 41.9 | 48.8 | 22.0% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Italy in 2022:
- Germany (7.8K tons)
- France (7.6K tons)
- Czech Republic (3.0K tons)
- Belgium (1.4K tons)
- Netherlands (1.3K tons)
- China (0.8K tons)
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Italy
In 2022, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses from Italy skyrocketed to 525 tons, increasing by 83% compared with the previous year. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 208%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses soared to $555K in 2022. Over the period under review, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 221%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 222 | 7.2 | 210 | 484 | 29.7% |
| Germany | 0.8 | 0.4 | 7.7 | 24.5 | 212.9% |
| Switzerland | 55.6 | 49.6 | 84.4 | 18.0 | -31.3% |
| Spain | 7.3 | 2.0 | 3.5 | 9.2 | 8.0% |
| Slovenia | 45.9 | N/A | N/A | N/A | 0% |
| Malaysia | N/A | 21.7 | N/A | N/A | 0% |
| Others | 91.5 | 47.1 | 105 | 19.4 | -40.4% |
| Total | 423 | 128 | 411 | 555 | 9.5% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Italy in 2022:
- Pakistan (483.1 tons)
- Germany (17.3 tons)
- Spain (9.9 tons)
- Switzerland (5.9 tons)
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