Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Belgium - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Belgium (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Belgium (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Belgium
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Belgium
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Belgium (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $929 per ton in September 2023, with a decrease of -24.8% against the previous month. Over the period under review, the import price continues to indicate a slight decline. The growth pace was the most rapid in July 2023 an increase of 13% against the previous month. As a result, import price reached the peak level of $1,256 per ton. From August 2023 to September 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was China ($1,067 per ton), while the price for the United States totaled $955 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Belgium (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,510 per ton in 2022, increasing by 16% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -22.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 48% against the previous year. As a result, the export price attained the peak level of $1,945 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($1,881 per ton), while the average price for exports to the UK ($1,242 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 Thailand (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Belgium
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -3.7% to 60K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 205%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses surged to $71M in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 129% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.2 | 10.2 | 20.7 | 29.3 | 190.1% |
| Netherlands | 11.7 | 12.9 | 15.3 | 18.3 | 16.1% |
| Sweden | 1.3 | 9.3 | 12.0 | 10.5 | 100.6% |
| Germany | 4.0 | 8.4 | 8.3 | 10.2 | 36.6% |
| Others | 0.5 | 2.1 | 2.2 | 2.2 | 63.9% |
| Total | 18.7 | 42.8 | 58.5 | 70.5 | 55.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Belgium in 2022:
- United States (23.7K tons)
- Netherlands (12.7K tons)
- Germany (11.7K tons)
- Sweden (11.5K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Belgium
In 2022, after three years of growth, there was significant decline in overseas shipments of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses, when their volume decreased by -7.9% to 45K tons. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 129%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses reached $67M in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 232%. As a result, the exports reached the peak of $93M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.3 | 19.3 | 24.7 | 24.7 | 50.1% |
| Germany | 2.3 | 5.5 | 7.8 | 11.6 | 71.5% |
| Italy | 2.9 | 3.8 | 5.3 | 7.5 | 37.3% |
| South Africa | 2.7 | 1.8 | 4.4 | 3.8 | 12.1% |
| Thailand | 1.1 | 1.3 | 2.1 | 2.1 | 24.1% |
| Spain | 1.7 | 1.1 | 3.2 | 2.1 | 7.3% |
| Brazil | 1.5 | 1.9 | 2.1 | 1.9 | 8.2% |
| France | 0.5 | 1.0 | 0.8 | 1.7 | 50.4% |
| Poland | 0.4 | 1.2 | 1.4 | 1.6 | 58.7% |
| United Kingdom | 0.9 | 1.3 | 0.8 | 0.9 | 0.0% |
| Canada | 0.7 | 44.5 | 0.4 | 0.6 | -5.0% |
| Others | 5.9 | 10.2 | 10.1 | 8.8 | 14.3% |
| Total | 28.1 | 93.0 | 63.2 | 67.3 | 33.8% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Belgium in 2022:
- Netherlands (17.4K tons)
- Germany (8.3K tons)
- Italy (5.0K tons)
- South Africa (2.8K tons)
- Thailand (1.2K tons)
- Spain (1.2K tons)
- Brazil (1.1K tons)
- Poland (1.0K tons)
- France (1.0K tons)
- United Kingdom (0.7K tons)
- Canada (0.3K tons)
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