Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Luxembourg - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Luxembourg (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Luxembourg (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Luxembourg
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Luxembourg
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Luxembourg (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,107 per ton in 2022, declining by -12.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 17%. The import price peaked at $1,269 per ton in 2021, and then declined in the following year.
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 ($2,248 per ton), while the price for Belgium ($907 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Luxembourg (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $1,054 per ton, rising by 4.8% against the previous year. Overall, the export price, however, continues to indicate a mild setback. The growth pace was the most rapid in 2015 an increase of 121% against the previous year. As a result, the export price reached the peak level of $2,816 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($1,064 per ton), while the average price for exports to Germany stood at $957 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-1.4%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Luxembourg
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses imported into Luxembourg fell to 284 tons, shrinking by -4.4% compared with 2021. Over the period under review, imports showed a mild contraction. The pace of growth was the most pronounced in 2021 with an increase of 8.4% against the previous year. As a result, imports reached the peak of 297 tons, and then declined modestly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses fell remarkably to $314K in 2022. In general, imports recorded a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of $376K, and then shrank significantly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 120 | 115 | 146 | 164 | 11.0% |
| France | 68.6 | 78.5 | 62.2 | 71.3 | 1.3% |
| Germany | 101 | 108 | 165 | 66.6 | -13.0% |
| Netherlands | 4.4 | 4.4 | 3.0 | 12.5 | 41.6% |
| Others | 34.1 | N/A | N/A | N/A | 0% |
| Total | 328 | 306 | 376 | 314 | -1.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Luxembourg in 2022:
- Belgium (180.3 tons)
- France (49.2 tons)
- Germany (48.6 tons)
- Netherlands (5.6 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Luxembourg
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses exported from Luxembourg skyrocketed to 273 tons, picking up by 634% compared with 2021 figures. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses surged to $288K in 2022. Overall, exports continue to indicate a significant expansion. 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 Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 8.7 | N/A | 249 | 435.0% |
| Germany | 34.6 | 23.1 | 35.9 | 33.4 | -1.2% |
| Belgium | 3.0 | 14.2 | 1.5 | 5.1 | 19.3% |
| Others | N/A | 1.3 | N/A | N/A | 0% |
| Total | 37.6 | 47.3 | 37.4 | 288 | 97.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Luxembourg in 2022:
- France (234.1 tons)
- Germany (34.9 tons)
- Belgium (4.0 tons)
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