Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Norway - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Norway (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Norway (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Norway
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Norway
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Norway (CIF) - 2024
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,124 per ton in September 2023, increasing by 53% against the previous month. Overall, the import price recorded pronounced growth. The most prominent rate of growth was recorded in July 2023 an increase of 115% m-o-m. As a result, import price attained the peak level of $2,859 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 Germany ($3,845 per ton), while the price for Sweden stood at $1,040 per ton.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (-2.7%).
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Norway (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $3,851 per ton, picking up by 6.3% against the previous year. Overall, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2018 an increase of 93% against the previous year. As a result, the export price reached the peak level of $4,579 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,808 per ton), while the average price for exports to Poland ($84 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 the United States (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Norway
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses imported into Norway fell to 657 tons, with a decrease of -6.6% against 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 12%. As a result, imports reached the peak of 704 tons, and then declined in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses rose notably to $1.2M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 646 | 343 | 746 | 655 | 0.5% |
| Germany | 240 | 389 | 342 | 499 | 27.6% |
| Netherlands | 6.4 | N/A | 21.2 | 47.6 | 95.2% |
| United States | 26.2 | 45.1 | 0.5 | 0.9 | -67.5% |
| Others | 96.6 | 10.5 | 3.0 | N/A | -82.4% |
| Total | 1,015 | 787 | 1,112 | 1,202 | 5.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Norway in 2022:
- Sweden (404.6 tons)
- Germany (234.2 tons)
- Netherlands (17.6 tons)
- United States (1.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Norway
Exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Norway reduced markedly to 180 tons in 2022, declining by -29.1% against the year before. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 23%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses fell notably to $694K in 2022. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 397 | 373 | 424 | 453 | 4.5% |
| Ireland | 172 | 304 | 430 | 240 | 11.7% |
| Poland | N/A | N/A | N/A | 0.9 | 0% |
| Thailand | 193 | N/A | N/A | N/A | 0% |
| Sweden | 58.6 | 6.4 | 14.2 | N/A | -50.8% |
| United Kingdom | 39.9 | 5.7 | N/A | N/A | -85.7% |
| Others | 70.1 | N/A | N/A | N/A | 0% |
| Total | 931 | 689 | 869 | 694 | -9.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Norway in 2022:
- Ireland (91.8 tons)
- United States (78.0 tons)
- Poland (10.4 tons)
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