Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Portugal - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Portugal (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Portugal (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Portugal
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Portugal
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Portugal (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $10,987 per ton, increasing by 95% against the previous year. Overall, the import price enjoyed a notable increase. The growth pace was the most rapid in 2015 when the average import price increased by 125% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
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 ($16,062 per ton), while the price for Spain ($3,316 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Portugal (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $4,000 per ton, surging by 18% against the previous year. Over the period under review, the export price continues to indicate modest growth. The most prominent rate of growth was recorded in 2020 an increase of 703%. Over the period under review, the average export prices reached the peak figure at $16,000 per ton in 2014; however, from 2015 to 2022, the 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 Morocco amounted to +11.6% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Portugal
In 2022, approx. 13 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were imported into Portugal; with an increase of 29% on the previous year's figure. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 239%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids skyrocketed to $139K in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 390% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | N/A | N/A | 65.4 | 0% |
| United Kingdom | 1.6 | 31.9 | 28.4 | 53.2 | 221.6% |
| Italy | 6.1 | 11.4 | 16.1 | 18.2 | 44.0% |
| Spain | 1.2 | 1.3 | 6.6 | 1.3 | 2.7% |
| Germany | 0.4 | 0.8 | 4.0 | 0.4 | 0.0% |
| Others | N/A | 0.1 | 0.2 | 0.8 | 182.8% |
| Total | 9.3 | 45.7 | 55.2 | 139 | 146.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Portugal in 2022:
- Italy (4.8 tons)
- Mexico (4.1 tons)
- United Kingdom (3.3 tons)
- Spain (0.4 tons)
- Germany (0.1 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Portugal
In 2022, approx. 2 kg of acids; saturated acyclic monocarboxylic acids; esters of formic acids were exported from Portugal; reducing by -99.8% compared with the year before. Over the period under review, exports showed a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 13,100% against the previous year. As a result, the exports reached the peak of 1.3 tons, and then contracted markedly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids fell markedly to $8 in 2022. Overall, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2,893%. As a result, the exports reached the peak of $4.5K, and then reduced dramatically in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 1.8 | N/A | N/A | N/A | 0% |
| Netherlands | 0.1 | 0.1 | 1.1 | N/A | 231.7% |
| Morocco | N/A | N/A | 3.3 | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 1.9 | 0.1 | 4.5 | N/A | 53.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Portugal in 2022:
- Netherlands (2.0 kg)
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