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France - 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 France - 2023
Contents:
- Price for Formic Acid, Its Salts and Esters in France (CIF) - 2023
- Price for Formic Acid, Its Salts and Esters in France (FOB) - 2022
- Imports of Formic Acid, Its Salts and Esters in France
- Exports of Formic Acid, Its Salts and Esters in France
Price for Formic Acid, Its Salts and Esters in France (CIF) - 2023
The average import price for formic acid, its salts and esters stood at $1,150 per ton in September 2023, with a decrease of -7.2% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 24% month-to-month. As a result, import price reached the peak level of $1,447 per ton. From February 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Sweden ($1,259 per ton), while the price for China ($686 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Formic Acid, Its Salts and Esters in France (FOB) - 2022
The average export price for formic acid, its salts and esters stood at $2,209 per ton in 2022, rising by 16% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 48%. Over the period under review, the average export prices reached the peak figure at $6,564 per ton in 2015; however, from 2016 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 Thailand ($10,256 per ton), while the average price for exports to Poland ($794 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 Thailand (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Formic Acid, Its Salts and Esters in France
In 2022, approx. 20K tons of formic acid, its salts and esters were imported into France; waning by -22% on the year before. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of 26K tons, and then shrank sharply in the following year.
In value terms, imports of formic acid, its salts and esters expanded sharply to $26M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +77.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 57%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Formic Acid, Its Salts and Esters in France (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 6.5 | 7.0 | 11.2 | 14.3 | 30.1% |
Netherlands | 2.1 | 2.8 | 3.5 | 3.3 | 16.3% |
Sweden | 2.5 | 0.9 | 2.8 | 1.7 | -12.1% |
Belgium | 0.8 | 1.3 | 1.6 | 1.7 | 28.6% |
China | 0.6 | 0.5 | 1.3 | 1.7 | 41.5% |
Finland | 4.5 | 0.6 | 0.8 | 0.9 | -41.5% |
Switzerland | N/A | 0.5 | 0.3 | 0.3 | -22.5% |
Others | 2.0 | 0.9 | 1.3 | 1.8 | -3.5% |
Total | 19.0 | 14.5 | 22.8 | 25.7 | 10.6% |
Top Suppliers of Formic Acid, Its Salts and Esters to France in 2022:
- Germany (10.9K tons)
- Netherlands (2.8K tons)
- Belgium (1.6K tons)
- Sweden (1.5K tons)
- China (1.4K tons)
- Finland (1.2K tons)
- Switzerland (0.6K tons)
Exports of Formic Acid, Its Salts and Esters in France
For the fourth consecutive year, France recorded growth in shipments abroad of formic acid, its salts and esters, which increased by 6.5% to 2.1K tons in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 217% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of formic acid, its salts and esters surged to $4.7M in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 122% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Formic Acid, Its Salts and Esters in France (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 22.1 | 28.9 | 390 | 865 | 239.5% |
Italy | 261 | 186 | 342 | 681 | 37.7% |
Spain | 196 | 236 | 517 | 651 | 49.2% |
Germany | 89.1 | 135 | 294 | 294 | 48.9% |
Switzerland | 144 | 263 | 270 | 271 | 23.5% |
Algeria | 0.2 | 0.5 | 29.2 | 121 | 745.8% |
Poland | 0.4 | 1.1 | 106 | 82.3 | 490.4% |
Denmark | 0.7 | 1.0 | 64.6 | 75.7 | 376.4% |
Austria | 1.6 | 1.2 | 21.3 | 43.6 | 200.9% |
Portugal | 25.6 | 38.0 | 37.0 | 39.8 | 15.8% |
Others | 888 | 825 | 1,742 | 1,574 | 21.0% |
Total | 1,628 | 1,716 | 3,814 | 4,699 | 42.4% |
Top Export Markets for Formic Acid, Its Salts and Esters from France in 2022:
- Belgium (830.6 tons)
- Italy (522.7 tons)
- Spain (469.1 tons)
- Poland (103.6 tons)
- Germany (82.0 tons)
- Denmark (58.8 tons)
- Austria (52.0 tons)
- Algeria (49.2 tons)
- Switzerland (38.4 tons)
- Portugal (33.3 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in France. 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:
- France
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in France
- 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
-
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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