Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Hungary - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Hungary (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Hungary
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Hungary (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $11,321 per ton in 2022, picking up by 208% against the previous year. In general, the import price posted resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($32,239 per ton), while the price for France ($2,990 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+31.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Hungary
In 2022, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids into Hungary shrank remarkably to 3.4 tons, falling by -71.9% compared with the previous year. Over the period under review, imports saw a dramatic slump. The pace of growth was the most pronounced in 2021 when imports increased by 20%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids fell to $38K in 2022. Overall, imports saw a precipitous decrease. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 0.1 | 0.3 | 0.4 | 17.1 | 455.0% |
| Spain | 1.5 | 3.3 | 4.5 | 15.8 | 119.2% |
| Germany | 3.7 | 30.7 | 35.9 | 3.0 | -6.8% |
| France | 27.2 | 0.3 | 0.4 | 1.7 | -60.3% |
| United Kingdom | 41.3 | N/A | N/A | 0.5 | -77.0% |
| Others | 3.9 | 1.0 | 3.0 | 0.2 | -62.8% |
| Total | 77.7 | 35.5 | 44.3 | 38.4 | -20.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Hungary in 2022:
- Belgium (1205.0 kg)
- Germany (997.0 kg)
- France (582.0 kg)
- Spain (490.0 kg)
- United Kingdom (111.0 kg)
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