Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Netherlands - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Netherlands (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Netherlands (FOB) - 2023
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Netherlands
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Netherlands
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Netherlands (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,097 per ton in September 2023, dropping by -3.8% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 11% against the previous month. Over the period under review, average import prices hit record highs at $1,250 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($203K per ton), while the price for the United States ($1,015 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Israel (+83.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Netherlands (FOB) - 2023
In September 2023, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $1,672 per ton, with an increase of 2.5% against the previous month. In general, the export price, however, continues to indicate a slight reduction. The growth pace was the most rapid in August 2023 when the average export price increased by 21% month-to-month. Over the period under review, the average export prices hit record highs at $2,019 per ton in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Egypt ($3,217 per ton), while the average price for exports to Serbia ($1,169 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 New Zealand (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Netherlands
For the fourth year in a row, the Netherlands recorded growth in overseas purchases of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses, which increased by 6.6% to 64K tons in 2022. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. 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 soared to $81M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.7% 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 +53.4% against 2020 indices. As a result, imports attained 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 the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.3 | 20.9 | 27.6 | 30.1 | 2.1% |
| Belgium | 10.2 | 14.6 | 20.5 | 23.1 | 31.3% |
| Germany | 10.0 | 8.7 | 6.2 | 11.7 | 5.4% |
| Sweden | 10.0 | 3.5 | 6.1 | 6.5 | -13.4% |
| Others | 2.9 | 5.0 | 3.7 | 9.4 | 48.0% |
| Total | 61.3 | 52.7 | 64.1 | 80.8 | 9.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to the Netherlands in 2022:
- United States (30.3K tons)
- Belgium (15.5K tons)
- Germany (8.5K tons)
- Sweden (4.3K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Netherlands
Exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from the Netherlands surged to 62K tons in 2022, picking up by 60% on the previous year's figure. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.1% 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 +64.8% against 2019 indices. 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 expanded notably to $69M in 2022. The total export value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 6.8%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.6 | 10.4 | 8.1 | 11.8 | 15.8% |
| Belgium | 7.7 | 7.3 | 11.9 | 11.1 | 13.0% |
| United Kingdom | 5.6 | 5.6 | 4.5 | 6.4 | 4.6% |
| Spain | 4.0 | 2.9 | 3.7 | 3.5 | -4.4% |
| Saudi Arabia | 1.5 | 1.7 | 1.0 | 2.3 | 15.3% |
| Italy | 2.0 | 2.4 | 3.6 | 2.2 | 3.2% |
| South Africa | 1.8 | 1.8 | 1.9 | 2.2 | 6.9% |
| France | 1.7 | 1.9 | 2.9 | 2.0 | 5.6% |
| Japan | 1.6 | N/A | 0.6 | 1.8 | 4.0% |
| Egypt | 0.4 | 0.9 | 1.3 | 1.5 | 55.4% |
| Poland | 1.1 | 0.6 | N/A | 1.5 | 10.9% |
| Denmark | 0.8 | 0.2 | 0.7 | 1.3 | 17.6% |
| Finland | 1.4 | 1.6 | 1.5 | 0.8 | -17.0% |
| Others | 21.1 | 25.0 | 22.8 | 20.3 | -1.3% |
| Total | 58.3 | 62.2 | 64.7 | 68.7 | 5.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from the Netherlands in 2022:
- Germany (12.7K tons)
- Belgium (12.7K tons)
- United Kingdom (5.3K tons)
- Spain (3.3K tons)
- Italy (1.9K tons)
- South Africa (1.8K tons)
- Saudi Arabia (1.6K tons)
- France (1.6K tons)
- Poland (1.5K tons)
- Japan (1.4K tons)
- Egypt (1.2K tons)
- Denmark (1.2K tons)
- Finland (1.2K tons)
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