Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Hong Kong SAR - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Hong Kong SAR (FOB) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Hong Kong SAR
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $13,587 per ton, growing by 11% against the previous year. Overall, the export price posted a significant increase. The growth pace was the most rapid in 2018 an increase of 196%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +108.3% per year.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Hong Kong SAR
In 2022, approx. 2.2 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were exported from Hong Kong SAR; increasing by 4.8% on 2021. In general, exports, however, recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1,002% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $30K in 2022. Overall, exports, however, recorded a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 1,176% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 543 | N/A | 24.6 | 28.8 | -62.4% |
| United States | 22.4 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 2.0 | 1.2 | 1.2 | 128.9% |
| Total | 565 | 2.0 | 25.9 | 30.0 | -62.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Hong Kong SAR in 2022:
- India (2.2 tons)
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