Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Finland - 2023

Contents:

1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Finland (CIF) - 2022
2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Finland (FOB) - 2022
3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Finland
4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Finland

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Finland (CIF) - 2022

In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $3,703 per ton, rising by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2021 when the average import price increased by 24%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Germany ($6,896 per ton), while the price for the United States ($2,144 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 (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Finland (FOB) - 2022

The average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $3,494 per ton in 2022, increasing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 an increase of 21%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($4,265 per ton), while the average price for exports to Kazakhstan ($3,167 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 Russia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Finland

In 2022, after three years of growth, there was significant decline in supplies from abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses, when their volume decreased by -16.6% to 728 tons. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of 873 tons, and then reduced sharply in the following year.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses reached $2.7M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Finland in 2022:

1. Netherlands (385.0 tons)
2. Belgium (171.5 tons)
3. Germany (148.9 tons)
4. United States (1.9 tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Finland

In 2022, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses from Finland fell remarkably to 6.9 tons, which is down by -79.5% compared with the previous year's figure. In general, exports faced a dramatic downturn. The growth pace was the most rapid in 2021 when exports increased by 1,640% against the previous year. As a result, the exports attained the peak of 34 tons, and then contracted sharply in the following year.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses shrank rapidly to $24K in 2022. Over the period under review, exports faced a deep slump. The growth pace was the most rapid in 2021 with an increase of 2,008% against the previous year. As a result, the exports reached the peak of $100K, and then dropped markedly in the following year.

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from Finland in 2022:

1. Kazakhstan (4.7 tons)
2. Russia (2.0 tons)
3. Germany (0.2 tons)

Source: IndexBox Market Intelligence Platform