Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ecuador - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ecuador (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ecuador (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ecuador
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ecuador
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ecuador (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $5,211 per ton in 2022, jumping by 21% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids increased by +147.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs at $5,286 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Spain ($19,912 per ton), while the price for the UK ($3,617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ecuador (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $2,937 per ton, surging by 18% against the previous year. In general, the export price, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 86%. Over the period under review, the average export prices attained the maximum at $12,744 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($3,107 per ton), while the average price for exports to Mexico amounted to $2,707 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+13.1%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ecuador
In 2022, after two years of decline, there was significant growth in supplies from abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids, when their volume increased by 7.2% to 20 tons. Overall, imports, however, recorded a dramatic setback.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $104K in 2022. Over the period under review, imports, however, saw a sharp shrinkage.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 281 | 55.7 | 39.0 | 44.7 | -45.8% |
| United States | 3.4 | 0.1 | 12.7 | 31.7 | 110.5% |
| China | 16.4 | 25.6 | 15.4 | 14.7 | -3.6% |
| Spain | 3.4 | 1.8 | 8.5 | 8.1 | 33.6% |
| Singapore | 3.7 | N/A | N/A | N/A | 0% |
| Others | 5.9 | 2.3 | 4.9 | 5.3 | -3.5% |
| Total | 314 | 85.4 | 80.6 | 104 | -30.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Ecuador in 2022:
- United Kingdom (12.4 tons)
- United States (5.7 tons)
- China (1.3 tons)
- Spain (0.4 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ecuador
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -73.4% to 4.3 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 590%. As a result, the exports attained the peak of 30 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids fell significantly to $13K in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 419%. As a result, the exports attained the peak of $67K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 8.3 | 15.5 | 15.3 | 7.7 | -2.5% |
| Mexico | N/A | N/A | N/A | 4.9 | 0% |
| Oman | N/A | 21.9 | N/A | N/A | 0% |
| Saudi Arabia | N/A | 29.2 | 24.7 | N/A | -15.4% |
| Brazil | 4.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.8 | 66.5 | 40.0 | 12.6 | -0.5% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Ecuador in 2022:
- Colombia (2.5 tons)
- Mexico (1.8 tons)
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