Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Indonesia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Indonesia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Indonesia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Indonesia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Indonesia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Indonesia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $7,277 per ton, increasing by 73% against the previous year. Over the period under review, the import price enjoyed a prominent increase. As a result, import price attained 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 France ($28,500 per ton), while the price for the UK ($4,764 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.8%), 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 Indonesia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $8,163 per ton, falling by -43.8% against the previous year. Overall, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 an increase of 144%. As a result, the export price attained the peak level of $32,780 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
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 China ($53,333 per ton), while the average price for exports to the United Arab Emirates ($6,130 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 China (+14.5%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Indonesia
In 2022, approx. 30 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were imported into Indonesia; which is down by -81.8% on the previous year. Over the period under review, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 13%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids reduced notably to $217K in 2022. Overall, imports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports attained the peak of $690K, and then contracted rapidly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 179 | 198 | 229 | 131 | -9.9% |
| France | 21.2 | 12.2 | 29.8 | 18.7 | -4.1% |
| United States | 147 | 182 | 263 | 16.7 | -51.6% |
| China | 6.6 | 6.3 | 7.9 | 11.4 | 20.0% |
| Germany | 33.7 | 4.6 | 80.2 | 4.5 | -48.9% |
| United Kingdom | 0.6 | 6.8 | 19.1 | 4.3 | 92.8% |
| Others | 82.5 | 57.2 | 60.7 | 29.9 | -28.7% |
| Total | 470 | 467 | 690 | 217 | -22.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Indonesia in 2022:
- South Korea (23.6 tons)
- United States (2.6 tons)
- China (1.0 tons)
- United Kingdom (0.9 tons)
- France (0.7 tons)
- Germany (0.3 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Indonesia
In 2022, approx. 826 kg of acids; saturated acyclic monocarboxylic acids; esters of formic acids were exported from Indonesia; picking up by 31% against 2021 figures. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 467% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids dropped dramatically to $6.7K in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 272%.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 3.2 | 0% |
| Tunisia | N/A | N/A | N/A | 1.8 | 0% |
| Singapore | 0.2 | 1.2 | 4.2 | 0.8 | 58.7% |
| China | N/A | 0.8 | 1.1 | 0.5 | -20.9% |
| Spain | 0.3 | 0.8 | N/A | N/A | 166.7% |
| Netherlands | N/A | N/A | 2.3 | N/A | 0% |
| Belarus | N/A | 0.8 | N/A | N/A | 0% |
| Others | 0.6 | 0.8 | 1.5 | 0.4 | -12.6% |
| Total | 1.1 | 4.2 | 9.2 | 6.7 | 82.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Indonesia in 2022:
- United Arab Emirates (530.0 kg)
- Tunisia (166.0 kg)
- Singapore (108.0 kg)
- China (9.0 kg)
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