Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Switzerland - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Switzerland (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Switzerland (CIF) - 2024
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Switzerland
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Switzerland
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Switzerland (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $83,628 per ton in 2022, waning by -9.5% against the previous year. In general, the export price saw a mild downturn. The growth pace was the most rapid in 2017 when the average export price increased by 29%. As a result, the export price attained the peak level of $103,675 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($182,921 per ton), while the average price for exports to the UK ($40,320 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 Mexico (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Switzerland (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $18,156 per ton in September 2023, falling by -16.6% against the previous month. Over the period under review, the import price, however, showed a resilient expansion. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 266% m-o-m. As a result, import price attained the peak level of $21,774 per ton, and then dropped markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was France ($53,101 per ton), while the price for the United States ($1,095 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 India (+2.4%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Switzerland
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses exported from Switzerland soared to 321 tons, growing by 37% against the previous year's figure. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 52%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses skyrocketed to $27M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +84.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.0 | 3.3 | 6.1 | 7.1 | 21.1% |
| United States | 2.6 | 2.4 | 4.1 | 5.6 | 29.1% |
| Mexico | 1.0 | 1.4 | 2.2 | 2.5 | 35.7% |
| Brazil | 1.5 | 1.0 | 0.8 | 2.3 | 15.3% |
| China | 0.9 | 1.4 | 1.4 | 1.6 | 21.1% |
| Singapore | 0.9 | 0.7 | 1.1 | 1.4 | 15.9% |
| Indonesia | 0.2 | 0.4 | 1.0 | 1.4 | 91.3% |
| Germany | 2.3 | 1.6 | 1.5 | 1.1 | -21.8% |
| Spain | 0.6 | 0.6 | 0.7 | 0.9 | 14.5% |
| Turkey | 0.4 | 0.5 | 0.5 | 0.7 | 20.5% |
| India | 0.3 | 0.2 | 0.3 | 0.5 | 18.6% |
| United Kingdom | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Others | 1.2 | 0.6 | 0.9 | 1.3 | 2.7% |
| Total | 16.4 | 14.6 | 21.1 | 26.9 | 17.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Switzerland in 2022:
- United States (85.6 tons)
- France (48.6 tons)
- Indonesia (32.8 tons)
- Singapore (28.6 tons)
- China (27.9 tons)
- Germany (18.7 tons)
- Brazil (16.2 tons)
- Mexico (13.5 tons)
- United Kingdom (11.6 tons)
- Spain (8.5 tons)
- Turkey (7.1 tons)
- India (7.1 tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Switzerland
In 2022, approx. 1.9K tons of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses were imported into Switzerland; increasing by 16% compared with the previous year. The total import volume increased at an average annual rate of +8.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained 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 surged to $21M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.7% against 2019 indices. 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 Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.6 | 7.8 | 10.6 | 14.4 | 29.7% |
| China | 0.5 | 0.8 | 0.7 | 1.4 | 40.9% |
| Germany | 1.4 | 0.9 | 0.7 | 1.2 | -5.0% |
| India | 1.3 | 1.2 | 0.8 | 1.1 | -5.4% |
| Netherlands | 0.2 | N/A | 0.1 | 0.7 | 51.8% |
| United States | 0.5 | 0.5 | 0.3 | 0.3 | -15.7% |
| Belgium | 0.5 | 0.5 | 0.7 | 0.1 | -41.5% |
| Others | 0.9 | 1.5 | 2.2 | 1.5 | 18.6% |
| Total | 11.9 | 13.3 | 16.0 | 20.9 | 20.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Switzerland in 2022:
- Germany (474.6 tons)
- India (323.8 tons)
- France (309.6 tons)
- Netherlands (252.7 tons)
- China (250.6 tons)
- United States (124.8 tons)
- Belgium (47.1 tons)
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