Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Argentina - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Argentina (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Argentina
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Argentina (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $15,177 per ton in 2022, growing by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable setback. The growth pace was the most rapid in 2020 an increase of 49%. The import price peaked at $21,444 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Spain ($58,669 per ton), while the price for Brazil ($3,571 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.8%), 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 Argentina
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; esters of formic acids imported into Argentina rose remarkably to 13 tons, surging by 14% on 2021. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $199K in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 57.4 | 81.3 | 53.2 | 89.5 | 16.0% |
| United States | 10.6 | 17.9 | 11.9 | 26.8 | 36.2% |
| Brazil | 9.9 | 5.9 | 14.5 | 22.5 | 31.5% |
| Mexico | 11.2 | 17.2 | 24.5 | 17.9 | 16.9% |
| Spain | 27.8 | 48.0 | 20.8 | 15.3 | -18.1% |
| France | 3.3 | 5.4 | 5.8 | 8.8 | 38.7% |
| India | 4.3 | 8.9 | 9.1 | 4.1 | -1.6% |
| Others | 34.7 | 12.5 | 17.2 | 14.2 | -25.8% |
| Total | 159 | 197 | 157 | 199 | 7.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Argentina in 2022:
- Brazil (6.3 tons)
- China (4.0 tons)
- Mexico (1.3 tons)
- United States (0.5 tons)
- France (0.3 tons)
- Spain (0.3 tons)
- India (0.2 tons)
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