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Ecuador - Formic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Formic Acid, Its Salts and Esters in Ecuador - 2022
Contents:
- Price for Formic Acid, Its Salts and Esters in Ecuador (CIF) - 2022
- Price for Formic Acid, Its Salts and Esters in Ecuador (FOB) - 2022
- Imports of Formic Acid, Its Salts and Esters in Ecuador
- Exports of Formic Acid, Its Salts and Esters in Ecuador
Price for Formic Acid, Its Salts and Esters in Ecuador (CIF) - 2022
In 2022, the average import price for formic acid, its salts and esters amounted to $914 per ton, rising by 8.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,635 per ton), while the price for the United States ($785 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Formic Acid, Its Salts and Esters in Ecuador (FOB) - 2022
In 2022, the average export price for formic acid, its salts and esters amounted to $1,576 per ton, increasing by 19% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 126% against the previous year. Over the period under review, the average export prices hit record highs at $2,005 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 Mexico ($2,937 per ton), while the average price for exports to Colombia ($1,106 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 Saudi Arabia (+22.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Formic Acid, Its Salts and Esters in Ecuador
In 2022, the amount of formic acid, its salts and esters imported into Ecuador surged to 6.6K tons, jumping by 174% against 2021 figures. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of formic acid, its salts and esters skyrocketed to $6.1M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Formic Acid, Its Salts and Esters in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 900 | 369 | 670 | 4,171 | 66.7% |
Germany | 459 | 245 | 576 | 1,394 | 44.8% |
United States | 266 | 87.7 | 173 | 400 | 14.6% |
Sweden | 169 | 234 | 96.2 | N/A | -24.6% |
Costa Rica | 256 | 21.6 | 125 | N/A | -30.1% |
Others | 846 | 511 | 401 | 106 | -50.0% |
Total | 2,895 | 1,469 | 2,040 | 6,071 | 28.0% |
Top Suppliers of Formic Acid, Its Salts and Esters to Ecuador in 2022:
- China (4.3K tons)
- Germany (1.7K tons)
- United States (0.5K tons)
Exports of Formic Acid, Its Salts and Esters in Ecuador
In 2022, shipments abroad of formic acid, its salts and esters decreased by -53% to 29 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a mild increase. The pace of growth appeared the most rapid in 2020 with an increase of 135%. As a result, the exports reached the peak of 66 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of formic acid, its salts and esters dropped dramatically to $46K in 2022. Overall, exports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of 141%. As a result, the exports reached the peak of $99K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Formic Acid, Its Salts and Esters in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Peru | N/A | N/A | N/A | 33.3 | 0% |
Mexico | N/A | N/A | N/A | 12.6 | 0% |
Colombia | 32.0 | 41.5 | 57.9 | 0.3 | -78.9% |
Oman | N/A | 24.5 | N/A | N/A | 0% |
Saudi Arabia | N/A | 32.6 | 25.0 | N/A | -23.3% |
Brazil | 8.9 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 40.8 | 98.6 | 82.9 | 46.2 | 4.2% |
Top Export Markets for Formic Acid, Its Salts and Esters from Ecuador in 2022:
- Peru (24.8 tons)
- Mexico (4.3 tons)
- Colombia (0.2 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143250 - Formic acid, its salts and esters
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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