Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Portugal - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Portugal (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Portugal (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Portugal
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Portugal
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Portugal (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $2,833 per ton in September 2023, with an increase of 34% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +1.0%. Over the period under review, average import prices reached the maximum at $3,335 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat 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 Spain ($4,383 per ton), while the price for China ($1,657 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+6.1%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Portugal (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $3,616 per ton, increasing by 27% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses increased by +116.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($3,976 per ton), while the average price for exports to Spain ($2,042 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 Mozambique (+4.4%), 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 Portugal
Imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses into Portugal dropped to 1.2K tons in 2022, falling by -2.9% on the year before. Overall, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 2%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $3.6M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 990 | 1,455 | 1,813 | 1,583 | 16.9% |
| Netherlands | 810 | 750 | 1,208 | 1,455 | 21.6% |
| Belgium | 459 | 421 | 287 | 295 | -13.7% |
| China | 339 | 228 | 70.0 | 211 | -14.6% |
| Others | 159 | 9.3 | 33.4 | 8.2 | -62.8% |
| Total | 2,756 | 2,863 | 3,412 | 3,552 | 8.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Portugal in 2022:
- Netherlands (562.0 tons)
- Spain (429.9 tons)
- Belgium (111.8 tons)
- China (75.2 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Portugal
For the third consecutive year, Portugal recorded decline in shipments abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses, which decreased by -15.2% to 59 tons in 2022. Over the period under review, exports continue to indicate a significant contraction.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses expanded sharply to $213K in 2022. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 23%.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 33.9 | 36.6 | 50.0 | 68.5 | 26.4% |
| Angola | 38.1 | 23.4 | 38.7 | 61.9 | 17.6% |
| Cabo Verde | 21.7 | 19.2 | 39.1 | 49.8 | 31.9% |
| Ghana | 1.6 | 4.0 | 13.3 | 22.8 | 142.4% |
| Spain | 260 | 76.2 | 41.1 | 6.6 | -70.6% |
| Kenya | N/A | N/A | N/A | 3.2 | 0% |
| Others | 6.1 | 1.5 | 16.0 | 0.1 | -74.6% |
| Total | 362 | 161 | 198 | 213 | -16.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from Portugal in 2022:
- Mozambique (17.6 tons)
- Angola (15.6 tons)
- Cabo Verde (14.4 tons)
- Ghana (7.1 tons)
- Spain (3.2 tons)
- Kenya (0.9 tons)
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