Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Greece - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Greece (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Greece (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Greece
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Greece
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Greece (CIF) - 2023
In September 2023, the average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $2,740 per ton, increasing by 36% against the previous month. Overall, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in July 2023 an increase of 94% against the previous month. As a result, import price reached the peak level of $4,556 per ton. From August 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($4,279 per ton), while the price for China ($1,693 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Greece (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $3,398 per ton in 2022, rising by 9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the peak figure at $3,470 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($4,375 per ton), while the average price for exports to Bulgaria ($2,527 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 Kosovo (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Greece
For the third year in a row, Greece recorded decline in overseas purchases of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses, which decreased by -5.2% to 571 tons in 2022. In general, imports showed a pronounced contraction. The smallest decline of -2.4% was in 2021.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses expanded rapidly to $1.8M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 760 | 757 | 686 | 662 | -4.5% |
| China | 174 | 245 | 78.0 | 445 | 36.8% |
| Netherlands | 125 | 137 | 322 | 273 | 29.7% |
| Belgium | 184 | 116 | 322 | 233 | 8.2% |
| Others | 148 | 194 | 235 | 181 | 6.9% |
| Total | 1,391 | 1,449 | 1,643 | 1,794 | 8.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Greece in 2022:
- Italy (210.2 tons)
- China (159.1 tons)
- Netherlands (109.8 tons)
- Belgium (67.6 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Greece
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses decreased by -34.9% to 60 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 20%. As a result, the exports attained the peak of 109 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses reduced remarkably to $203K in 2022. In general, exports saw a mild reduction. The growth pace was the most rapid in 2020 with an increase of 21%.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 19.0 | 10.9 | 41.1 | 73.3 | 56.8% |
| Kosovo | N/A | 84.8 | 49.2 | 57.2 | -17.9% |
| Albania | 78.1 | 95.6 | 84.0 | 44.3 | -17.2% |
| Bulgaria | 27.9 | 22.5 | 35.2 | 27.8 | -0.1% |
| Cyprus | 24.7 | 35.8 | 62.6 | N/A | 59.2% |
| Serbia | 57.7 | N/A | N/A | N/A | 0% |
| Others | 3.6 | 5.6 | 12.4 | N/A | 85.6% |
| Total | 211 | 255 | 285 | 203 | -1.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from Greece in 2022:
- Romania (22.1 tons)
- Kosovo (16.4 tons)
- Bulgaria (11.0 tons)
- Albania (10.1 tons)
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