Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Switzerland - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Switzerland (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Switzerland (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Switzerland
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Switzerland
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Switzerland (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $8,015 per ton in 2022, approximately mirroring the previous year. In general, the import price, however, posted a tangible increase. The growth pace was the most rapid in 2013 an increase of 99% against the previous year. Over the period under review, average import prices attained the peak figure at $38,401 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($49,357 per ton), while the price for Germany ($3,518 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+47.6%), 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 Switzerland (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $38,887 per ton, picking up by 2.5% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -40.4% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 59% against the previous year. As a result, the export price reached the peak level of $65,235 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($78,895 per ton), while the average price for exports to Austria ($5,820 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 Slovakia (+65.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Switzerland
For the fourth consecutive year, Switzerland recorded growth in supplies from abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids, which increased by 14% to 323 tons in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 150% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids rose markedly to $2.6M in 2022. Overall, imports, however, saw a relatively flat trend pattern.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,435 | 1,135 | 687 | 724 | -20.4% |
| Germany | 760 | 723 | 816 | 713 | -2.1% |
| France | 93.8 | 193 | 254 | 236 | 36.0% |
| Mexico | 31.0 | 63.8 | 68.5 | 206 | 88.0% |
| China | 20.6 | 13.8 | 41.2 | 205 | 115.1% |
| United Kingdom | 63.8 | 144 | 124 | 118 | 22.7% |
| Hungary | N/A | N/A | N/A | 82.7 | 0% |
| Others | 222 | 205 | 300 | 306 | 11.3% |
| Total | 2,626 | 2,478 | 2,290 | 2,590 | -0.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Switzerland in 2022:
- Germany (202.7 tons)
- United Kingdom (33.0 tons)
- Hungary (19.8 tons)
- Mexico (18.4 tons)
- Spain (14.7 tons)
- France (14.6 tons)
- China (10.4 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Switzerland
After three years of growth, shipments abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -8.3% to 64 tons in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 65%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids declined to $2.5M in 2022. The total export value increased at an average annual rate of +11.7% 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 appeared the most rapid in 2020 when exports increased by 22%.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 543 | 663 | 1,055 | 1,077 | 25.6% |
| United States | 32.6 | 248 | 154 | 189 | 79.6% |
| India | 213 | 171 | 286 | 178 | -5.8% |
| Germany | 45.5 | 117 | 187 | 166 | 53.9% |
| China | 128 | 175 | 187 | 120 | -2.1% |
| Brazil | 138 | 154 | 140 | 118 | -5.1% |
| France | 112 | 110 | 97.4 | 109 | -0.9% |
| United Kingdom | 265 | 207 | 142 | 97.0 | -28.5% |
| Indonesia | 64.9 | 86.9 | 89.9 | 89.0 | 11.1% |
| Turkey | 29.1 | 52.5 | 73.4 | 87.6 | 44.4% |
| Austria | 4.2 | 13.2 | 20.3 | 13.3 | 46.8% |
| Belarus | N/A | 22.0 | 12.9 | 2.2 | -68.4% |
| Others | 221 | 178 | 215 | 253 | 4.6% |
| Total | 1,795 | 2,197 | 2,659 | 2,501 | 11.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Switzerland in 2022:
- Singapore (19.8 tons)
- Germany (17.7 tons)
- China (4.2 tons)
- France (3.4 tons)
- India (3.3 tons)
- United States (2.7 tons)
- Austria (2.3 tons)
- United Kingdom (2.0 tons)
- Brazil (1.5 tons)
- Indonesia (1.3 tons)
- Turkey (1.2 tons)
- Belarus (0.4 tons)
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