Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Australia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Australia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Australia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Australia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Australia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Australia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $5,327 per ton, leveling off at the previous year. In general, the import price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2018 an increase of 90% against the previous year. As a result, import price reached the peak level of $10,732 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
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 UK ($98,783 per ton), while the price for the United States ($3,838 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+108.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Australia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $31,108 per ton, rising by 6.1% against the previous year. Overall, the export price recorded resilient growth. The growth pace was the most rapid in 2013 when the average export price increased by 625% against the previous year. As a result, the export price attained the peak level of $87,650 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for New Zealand.
From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +5.3% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Australia
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; esters of formic acids imported into Australia soared to 43 tons, rising by 110% compared with the previous year's figure. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $230K in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 41.0 | 30.7 | 19.1 | 104 | 36.4% |
| United States | 14.1 | 49.2 | 54.8 | 62.6 | 64.4% |
| India | 3.1 | 17.5 | 21.5 | 53.7 | 158.7% |
| France | N/A | N/A | N/A | 4.0 | 0% |
| Others | 8.1 | 8.1 | 15.1 | 5.4 | -12.6% |
| Total | 66.2 | 105 | 110 | 230 | 51.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Australia in 2022:
- China (17.2 tons)
- United States (16.3 tons)
- India (8.5 tons)
- France (1.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Australia
In 2022, approx. 1 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were exported from Australia; rising by 3,386% compared with the year before. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $31K in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | N/A | N/A | 0.8 | 31.2 | 3800.0% |
| China | 0.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 0.3 | N/A | 0.8 | 31.4 | 371.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Australia in 2022:
- New Zealand (1010.0 kg)
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