Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United States - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United States (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United States (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United States
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United States
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United States (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $2,933 per ton in September 2023, waning by -18.4% against the previous month. In general, the import price saw a noticeable slump. The growth pace was the most rapid in August 2023 an increase of 54% m-o-m. The import price peaked at $4,842 per ton in March 2023; however, from April 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($24,505 per ton), while the price for Germany ($1,404 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+88.4%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United States (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $5,847 per ton in 2022, surging by 48% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -2.0% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 56% against the previous year. As a result, the export price reached the peak level of $5,964 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($100,286 per ton), while the average price for exports to Canada ($794 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United States
In 2022, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids into the United States shrank sharply to 1.9K tons, with a decrease of -44.1% compared with 2021 figures. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports attained the peak of 3.4K tons, and then reduced dramatically in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids dropped to $7.8M in 2022. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 8%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 2.0 | 1.4 | 2.4 | -6.1% |
| Canada | N/A | N/A | 1.0 | 2.3 | 130.0% |
| Germany | 2.7 | 2.3 | 3.1 | 1.3 | -21.6% |
| Finland | N/A | 0.5 | 0.8 | 0.6 | 9.5% |
| Japan | 0.9 | 0.8 | 0.4 | 0.3 | -30.7% |
| South Korea | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
| Others | 2.9 | 1.8 | 1.3 | 0.8 | -34.9% |
| Total | 9.6 | 7.6 | 8.2 | 7.8 | -6.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to the United States in 2022:
- Germany (570.3 tons)
- Canada (424.3 tons)
- Finland (402.0 tons)
- China (296.7 tons)
- Japan (94.8 tons)
- South Korea (18.3 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United States
In 2022, approx. 498 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were exported from the United States; shrinking by -23.2% against the year before. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 1% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $2.9M in 2022. In general, exports recorded a deep slump.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 725 | 882 | 736 | 966 | 10.0% |
| United Kingdom | 24.4 | 56.4 | 46.8 | 434 | 161.0% |
| Mexico | 274 | 590 | 677 | 429 | 16.1% |
| Canada | 122 | 121 | 136 | 194 | 16.7% |
| Netherlands | 29.7 | 15.2 | 72.6 | 138 | 66.9% |
| Singapore | 84.5 | 50.8 | 64.2 | 115 | 10.8% |
| Australia | 10.1 | 51.2 | 42.6 | 47.8 | 67.9% |
| South Korea | N/A | 157 | 105 | N/A | -33.1% |
| Gabon | 770 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 762 | N/A | N/A | N/A | 0% |
| Angola | 1,855 | N/A | N/A | N/A | 0% |
| Others | 441 | 543 | 691 | 591 | 10.3% |
| Total | 5,099 | 2,468 | 2,572 | 2,914 | -17.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from the United States in 2022:
- Canada (244.0 tons)
- Mexico (93.0 tons)
- India (68.7 tons)
- United Kingdom (44.8 tons)
- Australia (14.4 tons)
- Netherlands (10.5 tons)
- Singapore (7.8 tons)
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