Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Ireland - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Ireland (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Ireland (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Ireland
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Ireland
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Ireland (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,720 per ton in 2022, picking up by 20% against the previous year. Overall, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2020 an increase of 91% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($3,021 per ton), while the price for France ($669 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.9%), 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 Ireland (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,566 per ton in 2022, increasing by 7.1% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% 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; propionic acid, its salts and esterses increased by +9.0% against 2020 indices. The growth pace was the most rapid in 2016 when the average export price increased by 35% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +3.2% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Ireland
In 2022, approx. 430 tons of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses were imported into Ireland; waning by -50.8% against the previous year. Over the period under review, imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses declined significantly to $1.2M in 2022. In general, imports faced a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 130 | 193 | 259 | 205 | 16.4% |
| Sweden | 149 | 212 | 476 | 158 | 2.0% |
| Netherlands | 274 | 200 | 418 | 151 | -18.0% |
| United Kingdom | 1,540 | 453 | 136 | 116 | -57.8% |
| Belgium | 18.8 | 15.4 | 84.2 | 75.1 | 58.7% |
| Italy | 24.3 | 25.8 | 51.8 | 60.6 | 35.6% |
| Germany | 48.4 | 74.5 | 41.7 | 43.3 | -3.6% |
| France | 636 | N/A | N/A | 2.5 | -84.2% |
| Others | 321 | 346 | 502 | 360 | 3.9% |
| Total | 3,142 | 1,520 | 1,968 | 1,172 | -28.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Ireland in 2022:
- Sweden (127.7 tons)
- Netherlands (84.5 tons)
- Canada (79.5 tons)
- Belgium (40.6 tons)
- United Kingdom (38.4 tons)
- Germany (24.8 tons)
- Italy (20.2 tons)
- France (3.8 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Ireland
After three years of growth, shipments abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -33.4% to 36 tons in 2022. In general, total exports indicated a noticeable expansion from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 53%. As a result, the exports attained the peak of 55 tons, and then reduced markedly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses reduced sharply to $93K in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $131K, and then fell notably in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 79.3 | 82.1 | 122 | 93.1 | 5.5% |
| Others | N/A | 1.8 | 8.3 | 0.1 | -76.4% |
| Total | 79.3 | 83.9 | 131 | 93.2 | 5.5% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Ireland in 2022:
- United Kingdom (36.3 tons)
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