Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovakia - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovakia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovakia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovakia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovakia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovakia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $1,844 per ton, with an increase of 29% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 66% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Belgium ($5,206 per ton), while the price for Germany ($1,307 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovakia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,952 per ton in 2022, stabilizing at the previous year. Overall, the export price faced a dramatic contraction. The pace of growth was the most pronounced in 2019 an increase of 42% against the previous year. Over the period under review, the average export prices reached the peak figure at $66,074 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($3,009 per ton), while the average price for exports to Bulgaria amounted to $2,263 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.0%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovakia
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -9.8% to 128 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a pronounced setback. The pace of growth was the most pronounced in 2020 when imports increased by 6.4% against the previous year. As a result, imports attained the peak of 148 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses surged to $236K in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 91.4 | 103 | 114 | 92.9 | 0.5% |
| Germany | 7.5 | 23.9 | 13.5 | 74.3 | 114.8% |
| Netherlands | 6.5 | 5.0 | 10.1 | 63.4 | 113.7% |
| Belgium | 21.8 | 3.7 | 8.2 | 5.2 | -38.0% |
| Hungary | N/A | 15.3 | 8.5 | N/A | -44.4% |
| Sweden | 85.3 | 48.0 | 43.3 | N/A | -28.8% |
| Others | N/A | 21.4 | 6.2 | 0.6 | -83.3% |
| Total | 213 | 221 | 204 | 236 | 3.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Slovakia in 2022:
- Germany (56.8 tons)
- Czech Republic (38.0 tons)
- Netherlands (32.3 tons)
- Belgium (1.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovakia
In 2022, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Slovakia shrank rapidly to 6.5 tons, falling by -61.7% against the year before. In general, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses dropped dramatically to $19K in 2022. Overall, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 80.6 | 43.6 | 50.3 | 18.0 | -39.3% |
| Bulgaria | N/A | N/A | N/A | 1.1 | 0% |
| Others | N/A | 0.9 | N/A | 0.1 | -66.7% |
| Total | 80.7 | 44.5 | 50.3 | 19.2 | -38.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Slovakia in 2022:
- Russia (6.0 tons)
- Bulgaria (0.5 tons)
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