Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Switzerland - 2024

Contents:

1. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Switzerland (CIF) - 2024
2. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Switzerland (FOB) - 2022
3. Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Switzerland
4. Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Switzerland

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Switzerland (CIF) - 2024

The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $2,951 per ton in December 2023, picking up by 26% against the previous month. Overall, the import price posted a modest expansion. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 77% m-o-m. Over the period under review, average import prices attained the peak figure at $5,946 per ton in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($2,388 per ton), while the price for the Netherlands amounted to $1,839 per ton.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Indonesia (0.0%), while the prices for the other major suppliers experienced a decline.

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Switzerland (FOB) - 2022

The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $5,925 per ton in 2022, rising by 3.7% against the previous year. In general, export price indicated a slight increase from 2013 to 2022: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -1.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26% against the previous year. The export price peaked at $6,021 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($11,168 per ton), while the average price for exports to the Netherlands ($3,914 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Switzerland

In 2022, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses into Switzerland fell to 758 tons, declining by -8.7% compared with the year before. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. As a result, imports reached the peak of 830 tons, and then declined in the following year.

In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses expanded remarkably to $2.2M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 +62.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Switzerland in 2022:

1. Germany (533.0 tons)
2. China (123.4 tons)
3. France (54.0 tons)
4. Japan (20.0 tons)
5. Netherlands (16.1 tons)
6. Italy (6.0 tons)

Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Switzerland

In 2022, approx. 64 tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were exported from Switzerland; which is down by -11.5% against 2021. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year.

In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses dropped to $380K in 2022. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.

Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Switzerland in 2022:

1. Germany (42.5 tons)
2. Italy (16.0 tons)
3. Netherlands (4.6 tons)
4. Denmark (1.1 tons)

Source: IndexBox Market Intelligence Platform