Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Serbia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Serbia (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Serbia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Serbia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $5,173 per ton, jumping by 31% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.2% 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; esters of formic acids decreased by -7.6% against 2020 indices. The growth pace was the most rapid in 2016 an increase of 73%. The import price peaked at $7,362 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 UK ($9,250 per ton), while the price for Italy ($4,061 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Serbia
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; esters of formic acids were finally on the rise to reach 1.4 tons after two years of decline. In general, imports recorded a moderate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids soared to $7K in 2022. Over the period under review, imports enjoyed a noticeable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Serbia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2,163 | 2,739 | 988 | 2,729 | 8.1% |
| Germany | 12.0 | 65.0 | 376 | 2,402 | 485.0% |
| Switzerland | 3,149 | 599 | 778 | 1,507 | -21.8% |
| Belgium | 20.0 | 60.0 | 57.0 | 101 | 71.6% |
| United Kingdom | 836 | 645 | 243 | 37.0 | -64.6% |
| Others | 130 | 299 | 58.0 | 208 | 17.0% |
| Total | 6,310 | 4,407 | 2,500 | 6,984 | 3.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Serbia in 2022:
- Italy (672.0 kg)
- Germany (434.0 kg)
- Switzerland (207.0 kg)
- Belgium (21.0 kg)
- United Kingdom (4.0 kg)
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