Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Belgium - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Belgium (FOB) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Belgium (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Belgium
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Belgium
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Belgium (FOB) - 2023
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $2,664 per ton, increasing by 3.3% against the previous month. In general, the export price, however, recorded a pronounced shrinkage. Over the period under review, the average export prices attained the maximum at $3,184 per ton in December 2022; however, from January 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,120 per ton), while the average price for exports to Saudi Arabia ($1,963 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Belgium (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $2,297 per ton, surging by 14% against the previous year. Overall, the import price, however, showed a slight decrease. The pace of growth was the most pronounced in 2021 an increase of 30% against the previous year. Over the period under review, average import prices attained the maximum at $2,655 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($2,624 per ton) and Italy ($2,462 per ton), while the price for the Netherlands ($2,036 per ton) and Sweden ($2,047 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Belgium
After three years of growth, shipments abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses decreased by -2.3% to 30K tons in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses skyrocketed to $90M in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 38%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 3.2 | 3.5 | 13.1 | 252.1% |
| Netherlands | 1.5 | 3.8 | 7.9 | 12.5 | 102.7% |
| France | 2.8 | 3.4 | 4.6 | 6.0 | 28.9% |
| Germany | 2.2 | 3.5 | 3.2 | 5.5 | 35.7% |
| Italy | 2.2 | 2.1 | 3.2 | 4.7 | 28.8% |
| Spain | 3.7 | 3.7 | 4.7 | 4.7 | 8.3% |
| Brazil | 2.2 | 3.3 | 2.1 | 4.4 | 26.0% |
| South Africa | 2.1 | 1.5 | 2.3 | 2.7 | 8.7% |
| United Kingdom | 1.6 | 2.0 | 2.7 | 2.7 | 19.1% |
| Saudi Arabia | 0.2 | 0.4 | 0.8 | 2.5 | 132.1% |
| Turkey | 1.1 | 2.0 | 2.1 | 2.3 | 27.9% |
| Egypt | 0.3 | 0.5 | 1.2 | 2.0 | 88.2% |
| Poland | 0.7 | 0.7 | 1.8 | 1.8 | 37.0% |
| Others | 15.8 | 19.1 | 27.6 | 24.6 | 15.9% |
| Total | 36.7 | 49.3 | 67.8 | 89.7 | 34.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from Belgium in 2022:
- Netherlands (4.7K tons)
- United States (3.4K tons)
- France (2.3K tons)
- Germany (1.8K tons)
- Italy (1.7K tons)
- Spain (1.7K tons)
- Brazil (1.3K tons)
- United Kingdom (1.1K tons)
- South Africa (1.0K tons)
- Turkey (0.9K tons)
- Saudi Arabia (0.8K tons)
- Egypt (0.7K tons)
- Poland (0.6K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Belgium
In 2022, approx. 19K tons of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses were imported into Belgium; surging by 15% compared with 2021 figures. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 115%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses surged to $45M in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 46%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.7 | 7.2 | 9.5 | 8.9 | 16.0% |
| Germany | 3.9 | 6.3 | 6.0 | 8.4 | 29.1% |
| Netherlands | 1.9 | 3.4 | 4.1 | 7.8 | 60.1% |
| United States | 1.7 | 3.9 | 3.2 | 7.2 | 61.8% |
| Sweden | 3.2 | 4.4 | 6.5 | 6.3 | 25.3% |
| Spain | 3.2 | 2.3 | 3.0 | 3.2 | 0.0% |
| India | 0.1 | 0.1 | 0.2 | 1.1 | 122.4% |
| Others | 1.0 | 2.5 | 1.8 | 1.8 | 21.6% |
| Total | 20.6 | 30.0 | 34.2 | 44.7 | 29.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Belgium in 2022:
- Germany (3.9K tons)
- Netherlands (3.8K tons)
- Italy (3.6K tons)
- Sweden (3.1K tons)
- United States (2.7K tons)
- Spain (1.5K tons)
- India (0.5K tons)
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