Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the UK - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the UK (CIF) - 2022
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the UK (FOB) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the UK
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the UK
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the UK (CIF) - 2022
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,934 per ton in 2022, surging by 34% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.0% 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; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses increased by +85.7% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 38%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,230 per ton), while the price for the Czech Republic ($1,049 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the UK (FOB) - 2022
In 2022, the average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $10,462 per ton, with a decrease of -21.5% against the previous year. Over the period under review, the export price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 an increase of 148% against the previous year. As a result, the export price reached the peak level of $13,319 per ton, and then declined notably in the following year.
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 Poland ($12,783 per ton), while the average price for exports to the Netherlands ($7,552 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 France (+17.7%), 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 the UK
In 2022, the amount of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses imported into the UK declined to 22K tons, remaining stable against the previous year. Overall, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 9.6% against the previous year.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses skyrocketed to $43M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.9% 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 +101.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 4.5 | 0.6 | 17.3 | 25.8 | 79.0% |
| Germany | 21.0 | 14.6 | 3.7 | 5.8 | -34.9% |
| France | 3.2 | 1.4 | 3.4 | 5.7 | 21.2% |
| Netherlands | 3.7 | 2.0 | 0.3 | 2.3 | -14.7% |
| Russia | N/A | N/A | 1.4 | 1.2 | -14.3% |
| Czech Republic | 0.1 | 1.3 | N/A | 0.7 | 91.3% |
| Others | 0.8 | 1.4 | 6.1 | 1.5 | 23.3% |
| Total | 33.2 | 21.3 | 32.3 | 42.9 | 8.9% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to the UK in 2022:
- Belgium (14.9K tons)
- France (2.5K tons)
- Germany (2.4K tons)
- Netherlands (0.7K tons)
- Czech Republic (0.6K tons)
- Russia (0.4K tons)
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the UK
In 2022, shipments abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -13.7% to 142 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 6.9%. As a result, the exports reached the peak of 230 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses declined dramatically to $1.5M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.4% 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 +20.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77%. As a result, the exports reached the peak of $2.2M, and then declined significantly in the following year.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 656 | 532 | 632 | 859 | 9.4% |
| Canada | N/A | 19.3 | 115 | 229 | 244.5% |
| Netherlands | 14.2 | 235 | 24.2 | 73.7 | 73.1% |
| Czech Republic | 40.6 | 51.1 | 916 | 42.1 | 1.2% |
| Poland | 6.3 | 18.9 | 31.7 | 37.8 | 81.7% |
| Germany | 53.8 | 54.4 | 54.0 | 29.5 | -18.2% |
| Switzerland | 47.2 | 92.5 | 40.4 | 6.9 | -47.3% |
| Ghana | 58.2 | N/A | N/A | N/A | 0% |
| Others | 388 | 232 | 372 | 204 | -19.3% |
| Total | 1,265 | 1,235 | 2,185 | 1,482 | 5.4% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from the UK in 2022:
- United States (82.0 tons)
- Canada (22.8 tons)
- Netherlands (9.8 tons)
- Poland (3.0 tons)
- Germany (2.5 tons)
- Czech Republic (0.9 tons)
- Switzerland (0.8 tons)
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