Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Italy - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Italy (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Italy (FOB) - 2023
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Italy
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Italy
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Italy (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,187 per ton in September 2023, with a decrease of -10% against the previous month. Over the period under review, the import price continues to indicate a pronounced descent. The pace of growth was the most pronounced in May 2023 when the average import price increased by 5.4% m-o-m. The import price peaked at $1,936 per ton in November 2022; however, from December 2022 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From November 2022 to September 2023, the rate of growth in terms of prices for India amounted to +4.4% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Italy (FOB) - 2023
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,220 per ton in September 2023, remaining constant against the previous month. Over the period under review, the export price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 11% m-o-m. As a result, the export price attained the peak level of $2,622 per ton. From March 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Saudi Arabia ($3,174 per ton), while the average price for exports to Ukraine ($1,918 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+1.0%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Italy
In 2022, approx. 9.9K tons of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses were imported into Italy; with a decrease of -4% compared with 2021. Over the period under review, imports continue to indicate a abrupt decrease.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses soared to $16M in 2022. In general, imports showed a abrupt curtailment.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 7.0 | 5.0 | 4.9 | 6.5 | -2.4% |
| Germany | 7.7 | 3.5 | 2.1 | 4.3 | -17.7% |
| Netherlands | 1.9 | 2.2 | 3.2 | 3.2 | 19.0% |
| Belgium | 2.7 | 1.7 | 1.2 | 0.7 | -36.2% |
| China | N/A | 0.1 | 0.1 | 0.5 | 123.6% |
| Others | 0.5 | 0.5 | 0.6 | 0.5 | 0.0% |
| Total | 19.9 | 13.0 | 12.1 | 15.7 | -7.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Italy in 2022:
- Sweden (4.4K tons)
- Germany (3.2K tons)
- Netherlands (1.5K tons)
- Belgium (0.5K tons)
- China (0.3K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Italy
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -11.9% to 5.4K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a slight decline. The pace of growth appeared the most rapid in 2020 when exports increased by 17% against the previous year. As a result, the exports attained the peak of 6.7K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses skyrocketed to $12M in 2022. The total export value increased at an average annual rate of +11.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 3,349 | 3,902 | 2,909 | 3,247 | -1.0% |
| Spain | 1,557 | 2,218 | 2,449 | 2,491 | 17.0% |
| United Kingdom | 499 | 829 | 168 | 853 | 19.6% |
| Indonesia | 641 | 243 | 340 | 678 | 1.9% |
| France | 817 | 740 | 710 | 674 | -6.2% |
| Saudi Arabia | 116 | 318 | 388 | 553 | 68.3% |
| Turkey | 157 | 189 | 283 | 500 | 47.1% |
| Israel | N/A | N/A | 157 | 428 | 172.6% |
| Greece | 80.5 | 103 | 124 | 237 | 43.3% |
| Netherlands | N/A | N/A | 99.0 | 233 | 135.4% |
| Mexico | 152 | 321 | 224 | 226 | 14.1% |
| Germany | 143 | 146 | 220 | 165 | 4.9% |
| India | 36.6 | N/A | 628 | 33.6 | -2.8% |
| Others | 918 | 1,068 | 984 | 1,343 | 13.5% |
| Total | 8,466 | 10,079 | 9,682 | 11,660 | 11.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Italy in 2022:
- Brazil (1396.8 tons)
- Spain (1207.8 tons)
- Saudi Arabia (360.2 tons)
- United Kingdom (360.0 tons)
- Indonesia (348.0 tons)
- France (297.1 tons)
- Turkey (228.1 tons)
- Israel (201.6 tons)
- Netherlands (144.0 tons)
- Greece (102.8 tons)
- Mexico (84.0 tons)
- Germany (72.8 tons)
- India (24.6 tons)
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