Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Russia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Russia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Russia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Russia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Russia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Russia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $7,347 per ton in 2022, rising by 83% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 an increase of 115% against the previous year. Over the period under review, average import prices reached the peak figure at $14,746 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($77,333 per ton), while the price for the UK ($2,798 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+72.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Russia (FOB) - 2022
In 2020, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $8,692 per ton, growing by 12% against the previous year. Over the period under review, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 348% against the previous year. The export price peaked in 2020 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Kazakhstan.
From 2012 to 2020, the rate of growth in terms of prices for Kazakhstan amounted to +24.8% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Russia
Imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids into Russia surged to 170 tons in 2022, growing by 180% compared with 2021. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 14,576%. Over the period under review, imports of attained the maximum 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 skyrocketed to $1.2M in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,906%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 133 | 1,190 | 794.7% |
| United Kingdom | 53.7 | N/A | 57.7 | 47.0 | -4.3% |
| Poland | 11.4 | N/A | N/A | N/A | 0% |
| Singapore | 206 | N/A | N/A | N/A | 0% |
| United States | 65.6 | N/A | N/A | N/A | 0% |
| Others | 10.5 | 6.1 | 53.3 | 8.3 | -7.5% |
| Total | 347 | 6.1 | 244 | 1,245 | 53.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Russia in 2022:
- China (152.0 tons)
- United Kingdom (16.8 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Russia
Exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids from Russia declined notably to 13 kg in 2020, with a decrease of -99.4% on the previous year. In general, exports recorded a precipitous decline.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids dropped significantly to $113 in 2020. Overall, exports showed a dramatic decline.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Kazakhstan | 16.1 | 0.1 | -99.4% | ||
| Others | N/A | N/A | 0% | ||
| Total | 16.1 | 0.1 | -99.4% | ||
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Russia in 2022:
- Kazakhstan (13.0 kg)
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