Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Brazil - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Brazil (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Brazil (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Brazil
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Brazil
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Brazil (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,522 per ton in September 2023, with a decrease of -20.4% against the previous month. Overall, the import price showed a noticeable downturn. The pace of growth appeared the most rapid in June 2023 an increase of 17% m-o-m. As a result, import price reached the peak level of $1,955 per ton. From July 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($2,365 per ton), while the price for China ($1,197 per ton) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Brazil (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $8,461 per ton, picking up by 142% against the previous year. Overall, the export price posted a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($11,270 per ton), while the average price for exports to Spain ($3,397 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 Venezuela (+44.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Brazil
Imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses into Brazil soared to 19K tons in 2022, increasing by 25% compared with the previous year. The total import volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak 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 skyrocketed to $38M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.6 | 10.2 | 9.1 | 17.7 | 22.6% |
| Colombia | 3.1 | 3.9 | 3.6 | 5.2 | 18.8% |
| Italy | 3.4 | 3.8 | 3.2 | 3.4 | 0.0% |
| China | 1.1 | 1.4 | 1.4 | 2.5 | 31.5% |
| Belgium | 1.6 | 1.6 | 1.3 | 1.7 | 2.0% |
| Germany | 2.0 | 1.2 | 1.4 | 1.4 | -11.2% |
| Canada | 0.8 | 1.0 | 0.9 | 1.1 | 11.2% |
| Others | 2.8 | 2.4 | 2.7 | 4.9 | 20.5% |
| Total | 24.4 | 25.4 | 23.5 | 37.9 | 15.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Brazil in 2022:
- United States (10.4K tons)
- Colombia (2.3K tons)
- Italy (1.5K tons)
- China (1.2K tons)
- Germany (1.1K tons)
- Belgium (0.9K tons)
- Canada (0.4K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Brazil
In 2022, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Brazil fell dramatically to 23 tons, reducing by -46.2% against 2021 figures. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 30%. As a result, the exports attained the peak of 43 tons, and then dropped notably in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses skyrocketed to $194K in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | N/A | 36.7 | 37.1 | 146 | 99.5% |
| Argentina | 85.3 | 21.5 | 58.4 | 37.7 | -23.8% |
| Spain | 44.3 | 28.5 | 32.3 | 7.8 | -44.0% |
| Paraguay | N/A | 0.1 | 5.2 | 0.3 | 73.2% |
| Chile | N/A | N/A | 3.6 | N/A | 0% |
| India | N/A | 18.8 | N/A | N/A | 0% |
| Netherlands | N/A | 18.1 | 0.7 | N/A | -96.1% |
| Others | 12.6 | 1.9 | 11.5 | 2.9 | -38.7% |
| Total | 142 | 126 | 149 | 194 | 11.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Brazil in 2022:
- Romania (12.9 tons)
- Argentina (7.5 tons)
- Spain (2.3 tons)
- Paraguay (0.1 tons)
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