Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Uruguay - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Uruguay (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Uruguay (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Uruguay
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Uruguay
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Uruguay (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $2,139 per ton, picking up by 6.1% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses increased by +34.0% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 116% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 United States ($5,715 per ton), while the price for Spain ($1,598 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.8%), 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 Uruguay (FOB) - 2022
In 2021, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $2,717 per ton, almost unchanged from the previous year. Over the period under review, the export price recorded a slight descent. The pace of growth appeared the most rapid in 2020 a decrease of 99.9%. The export price peaked at $2,779 per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Argentina.
From 2019 to 2021, the rate of growth in terms of prices for Argentina amounted to -1.1% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Uruguay
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses imported into Uruguay expanded significantly to 161 tons, with an increase of 14% on 2021 figures. Overall, imports, however, continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses skyrocketed to $342K in 2022. Over the period under review, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Uruguay (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 184 | 72.2 | 148 | 207 | 4.0% |
Spain | 58.0 | 47.1 | 60.7 | 59.1 | 0.6% |
Netherlands | 31.4 | 22.7 | 23.8 | 26.4 | -5.6% |
China | 5.5 | 7.7 | 6.2 | 17.8 | 47.9% |
Argentina | 22.0 | 12.1 | 32.7 | 15.7 | -10.6% |
United States | 4.9 | 4.1 | 5.4 | 12.8 | 37.7% |
Others | 3.0 | 0.8 | 4.5 | 2.9 | -1.1% |
Total | 309 | 167 | 282 | 342 | 3.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Uruguay in 2022:
- Colombia (90.8 tons)
- Spain (37.0 tons)
- Netherlands (14.9 tons)
- China (8.1 tons)
- Argentina (7.3 tons)
- United States (2.2 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Uruguay
Exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Uruguay amounted to 8 tons in 2021, remaining constant against the year before. In general, exports saw significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of reached the peak figure in 2021 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 amounted to $22K in 2021. Overall, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of reached the maximum in 2021 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 Uruguay (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Argentina | 1.2 | N/A | 21.7 | 325.2% | |
Others | N/A | N/A | N/A | 0% | |
Total | 1.2 | N/A | 21.7 | 325.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Uruguay in 2022:
- Argentina (8.0 tons)
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