Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Croatia - 2023

Contents:

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

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

The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,431 per ton in 2022, increasing by 37% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses increased by +47.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,237 per ton), while the price for Belgium ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+31.0%), 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 Croatia (FOB) - 2022

The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $3,159 per ton in 2022, waning by -3.1% against the previous year. Over the period under review, the export price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 7.2% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,830 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovenia ($4,105 per ton) and North Macedonia ($3,109 per ton), while the average price for exports to Kosovo ($2,832 per ton) and Bosnia and Herzegovina ($3,003 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+1.7%), 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 Croatia

In 2022, approx. 23 tons of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses were imported into Croatia; declining by -67.5% against 2021. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 270%. As a result, imports attained the peak of 70 tons, and then contracted sharply in the following year.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses contracted sharply to $55K in 2022. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 193%. As a result, imports attained the peak of $124K, and then fell dramatically in the following year.

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

1. Germany (11.4 tons)
2. Hungary (6.0 tons)
3. Netherlands (5.0 tons)
4. Austria (0.1 tons)

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

Exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Croatia surged to 11 tons in 2022, rising by 20% against 2021 figures. Over the period under review, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 314%. As a result, the exports attained the peak of 30 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses surged to $36K in 2022. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 341% against the previous year. As a result, the exports reached the peak of $99K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Bosnia and Herzegovina (3.3 tons)
2. Kosovo (2.9 tons)
3. Slovenia (1.8 tons)
4. Montenegro (1.8 tons)
5. North Macedonia (1.4 tons)

Source: IndexBox Market Intelligence Platform