Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Norway - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Norway (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Norway (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Norway
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Norway
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Norway (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $3,241 per ton, dropping by -13.4% against the previous year. Over the period under review, the export price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 60%. Over the period under review, the average export prices attained the maximum at $6,940 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($3,241 per ton), while the average price for exports to Sweden amounted to $2,855 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-3.6%), while the prices for the other major destinations experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Norway (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $4,725 per ton, growing by 10% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average import price increased by 71% against the previous year. The import price peaked at $5,479 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($9,737 per ton), while the price for the UK ($3,817 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+17.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Norway
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; esters of formic acids exported from Norway fell remarkably to 48 tons, shrinking by -35% compared with the year before. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 6,639% against the previous year. As a result, the exports attained the peak of 74 tons, and then reduced remarkably in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids contracted dramatically to $156K in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 5,650%. As a result, the exports reached the peak of $277K, and then declined notably in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 156 | 0% |
| Sweden | 2.6 | 1.2 | 277 | 0.2 | -57.5% |
| Others | 1.2 | 3.7 | N/A | N/A | 208.3% |
| Total | 3.8 | 4.8 | 277 | 156 | 245.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Norway in 2022:
- United Kingdom (48.1 tons)
- Sweden (0.1 tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Norway
After three years of growth, supplies from abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -96.8% to 9.4 tons in 2022. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 2,447%. As a result, imports attained the peak of 291 tons, and then contracted rapidly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids declined significantly to $44K in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 2,331% against the previous year. As a result, imports attained the peak of $1.2M, and then declined significantly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.3 | 14.6 | 530 | 25.7 | 340.8% |
| United States | 5.0 | 35.2 | 688 | 18.0 | 53.3% |
| Others | 0.6 | 1.6 | 30.9 | 0.7 | 5.3% |
| Total | 5.9 | 51.4 | 1,249 | 44.4 | 96.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Norway in 2022:
- United Kingdom (6.7 tons)
- United States (2.6 tons)
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