Sweden - 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 Sweden - 2023
Contents:
- Price for Formic Acid, Its Salts and Esters in Sweden (CIF) - 2022
- Price for Formic Acid, Its Salts and Esters in Sweden (FOB) - 2022
- Imports of Formic Acid, Its Salts and Esters in Sweden
- Exports of Formic Acid, Its Salts and Esters in Sweden
Price for Formic Acid, Its Salts and Esters in Sweden (CIF) - 2022
In 2022, the average import price for formic acid, its salts and esters amounted to $1,263 per ton, surging by 43% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Netherlands ($2,519 per ton), while the price for Finland ($621 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Formic Acid, Its Salts and Esters in Sweden (FOB) - 2022
In 2022, the average export price for formic acid, its salts and esters amounted to $2,587 per ton, falling by -46% against the previous year. Over the period under review, the export price, however, showed measured growth. The pace of growth was the most pronounced in 2013 an increase of 355%. As a result, the export price reached the peak level of $9,060 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($17,830 per ton), while the average price for exports to Norway ($3,979 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 Estonia (+23.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Formic Acid, Its Salts and Esters in Sweden
Imports of formic acid, its salts and esters into Sweden rose markedly to 9.9K tons in 2022, surging by 7.3% compared with the year before. Overall, imports, however, showed a pronounced setback. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year.
In value terms, imports of formic acid, its salts and esters skyrocketed to $13M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +85.3% against 2020 indices. 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 Sweden (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 5.1 | 4.0 | 5.1 | 7.8 | 15.2% |
Germany | 1.5 | 0.9 | 1.2 | 1.5 | 0.0% |
Finland | 1.2 | 1.2 | 0.8 | 1.3 | 2.7% |
Netherlands | 0.1 | N/A | 0.1 | 0.6 | 81.7% |
Denmark | 0.3 | 0.4 | 0.8 | 0.6 | 26.0% |
China | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Others | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
Total | 8.5 | 6.8 | 8.2 | 12.5 | 13.7% |
Top Suppliers of Formic Acid, Its Salts and Esters to Sweden in 2022:
- Norway (5.9K tons)
- Finland (2.1K tons)
- Germany (1.4K tons)
- Denmark (0.5K tons)
- Netherlands (0.2K tons)
- China (0.2K tons)
Exports of Formic Acid, Its Salts and Esters in Sweden
In 2022, the amount of formic acid, its salts and esters exported from Sweden skyrocketed to 9.3 tons, jumping by 347% on 2021 figures. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of formic acid, its salts and esters soared to $24K in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 157%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Formic Acid, Its Salts and Esters in Sweden (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | N/A | N/A | 0.1 | 14.1 | 14000.0% |
Estonia | 5.2 | 3.9 | 7.1 | 6.8 | 9.4% |
United States | N/A | N/A | N/A | 3.2 | 0% |
Denmark | 1.9 | N/A | 2.8 | N/A | 21.4% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 7.1 | 3.9 | 10.0 | 24.2 | 50.5% |
Top Export Markets for Formic Acid, Its Salts and Esters from Sweden in 2022:
- Norway (3.5 tons)
- Estonia (1.3 tons)
- United States (0.2 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Sweden. 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:
- Sweden
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sweden
- 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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