Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Australia - 2024

Contents:

1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Australia (CIF) - 2022
2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Australia (FOB) - 2022
3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Australia
4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Australia

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Australia (CIF) - 2022

The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,853 per ton in 2022, jumping by 26% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 33%. The import price peaked at $2,492 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Netherlands ($2,730 per ton), while the price for Germany ($882 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Australia (FOB) - 2022

In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $6,321 per ton, jumping by 23% against the previous year. Over the period under review, the export price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 3,587% against the previous year. As a result, the export price attained the peak level of $587,768 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($9,775 per ton), while the average price for exports to New Zealand ($3,878 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 New Caledonia (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Australia

In 2022, the amount of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses imported into Australia stood at 3.4K tons, with an increase of 5.1% on 2021. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 31%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses soared to $6.2M in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Australia in 2022:

1. United States (1531.1 tons)
2. China (1196.4 tons)
3. Sweden (268.0 tons)
4. Netherlands (207.4 tons)
5. Canada (121.0 tons)
6. Germany (5.0 tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Australia

Exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Australia fell markedly to 351 kg in 2022, which is down by -98.2% against 2021. In general, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 1,086% against the previous year. As a result, the exports reached the peak of 19 tons, and then contracted notably in the following year.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses contracted remarkably to $2.2K in 2022. Overall, exports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 1,374%. As a result, the exports attained the peak of $94K, and then declined remarkably in the following year.

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Australia in 2022:

1. Vietnam (136.0 kg)
2. Fiji (120.0 kg)
3. New Zealand (74.0 kg)
4. New Caledonia (21.0 kg)

Source: IndexBox Market Intelligence Platform