Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Finland - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Finland (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Finland (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Finland
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Finland
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Finland (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,568 per ton in 2022, rising by 57% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $1,766 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($3,316 per ton), while the price for the Netherlands ($1,099 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.6%), 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 Finland (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $928 per ton, dropping by -18.1% against the previous year. In general, the export price showed a abrupt slump. The growth pace was the most rapid in 2019 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $1,868 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +8.0% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Finland
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -49.2% to 877 tons, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 35%. As a result, imports attained the peak of 2.1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses contracted notably to $1.4M in 2022. Over the period under review, imports showed a dramatic descent. The smallest decline of -2.8% was in 2020.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 61.5 | 1,812 | 1,437 | 722 | 127.3% |
| Spain | 177 | 228 | 54.2 | 374 | 28.3% |
| Canada | 8.0 | N/A | N/A | 108 | 138.1% |
| China | 1.1 | 18.3 | N/A | 55.0 | 268.4% |
| United Kingdom | 1,182 | 543 | 27.2 | 19.7 | -74.5% |
| United States | 1,378 | 0.8 | N/A | N/A | -99.9% |
| Others | 20.5 | 146 | 206 | 96.3 | 67.5% |
| Total | 2,827 | 2,749 | 1,724 | 1,375 | -21.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Finland in 2022:
- Netherlands (657.3 tons)
- Spain (112.8 tons)
- Canada (48.0 tons)
- China (22.0 tons)
- United Kingdom (1.7 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Finland
In 2022, approx. 23 tons of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses were exported from Finland; increasing by 463% against the year before. Over the period under review, exports, however, continue to indicate a precipitous decrease.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses surged to $22K in 2022. Overall, exports, however, continue to indicate a sharp setback.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 135 | 149 | N/A | 21.5 | -45.8% |
| Norway | 23.4 | N/A | N/A | N/A | 0% |
| Lithuania | N/A | N/A | 4.7 | N/A | 0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 159 | 149 | 4.7 | 21.6 | -48.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Finland in 2022:
- Russia (23.2 tons)
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