Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Greece - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Greece (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Greece (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Greece
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Greece
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Greece (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $5,778 per ton in 2022, increasing by 10% against the previous year. Overall, the import price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when the average import price increased by 66%. The import price peaked at $16,210 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($13,433 per ton), while the price for Germany stood at $5,590 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+29.2%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Greece (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $4,500 per ton in 2022, jumping by 68% against the previous year. Over the period under review, the export price saw a strong expansion. The growth pace was the most rapid in 2018 an increase of 200% against the previous year. As a result, the export price attained the peak level of $6,000 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to -3.0% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Greece
In 2022, approx. 5.1 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were imported into Greece; which is down by -2.2% on 2021 figures. Over the period under review, imports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 47%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids expanded notably to $29K in 2022. In general, imports faced a dramatic slump. The pace of growth was the most pronounced in 2021 when imports increased by 30%.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Greece (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 34.4 | 15.2 | 20.8 | 28.2 | -6.4% |
Spain | 0.3 | 1.4 | 4.0 | 0.4 | 10.1% |
Austria | 2.6 | N/A | N/A | N/A | 0% |
United Kingdom | 13.5 | 0.6 | N/A | N/A | -95.6% |
Italy | 7.3 | 0.4 | 1.3 | N/A | -57.8% |
Others | 1.0 | 3.5 | 1.1 | 0.9 | -3.5% |
Total | 59.1 | 21.0 | 27.3 | 29.4 | -20.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Greece in 2022:
- Germany (5.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Greece
After two years of growth, overseas shipments of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -96.6% to 4 kg in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 11,800% against the previous year. As a result, the exports reached the peak of 119 kg, and then reduced rapidly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids shrank markedly to $18 in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 31,800% against the previous year. As a result, the exports attained the peak of $319, and then declined markedly in the following year.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Greece (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Netherlands | 1.0 | 83.0 | 18.0 | 324.3% | |
Montenegro | N/A | 236 | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 1.0 | 319 | 18.0 | 324.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Greece in 2022:
- Netherlands (4.0 kg)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Greece.
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