United Kingdom - Formic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Formic Acid, Its Salts and Esters in the UK - 2023
Contents:
- Price for Formic Acid, Its Salts and Esters in the UK (CIF) - 2022
- Price for Formic Acid, Its Salts and Esters in the UK (FOB) - 2022
- Imports of Formic Acid, Its Salts and Esters in the UK
- Exports of Formic Acid, Its Salts and Esters in the UK
Price for Formic Acid, Its Salts and Esters in the UK (CIF) - 2022
In 2022, the average import price for formic acid, its salts and esters amounted to $3,079 per ton, rising by 97% against the previous year. In general, the import price recorded strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 109% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($11,325 per ton), while the price for Germany ($975 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Formic Acid, Its Salts and Esters in the UK (FOB) - 2022
In 2022, the average export price for formic acid, its salts and esters amounted to $5,110 per ton, dropping by -6.9% against the previous year. In general, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 119%. As a result, the export price reached the peak level of $5,489 per ton, and then declined in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($13,611 per ton), while the average price for exports to Ireland ($2,196 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 Kuwait (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Formic Acid, Its Salts and Esters in the UK
In 2022, overseas purchases of formic acid, its salts and esters decreased by -40.1% to 9.4K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 4.1% against the previous year. As a result, imports attained the peak of 16K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of formic acid, its salts and esters surged to $29M in 2022. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 105%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Formic Acid, Its Salts and Esters in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | 9.8 | 9.6 | -2.0% |
| Germany | 3.6 | 3.1 | 6.7 | 7.1 | 25.4% |
| China | 1.2 | 2.1 | 1.7 | 3.9 | 48.1% |
| Sweden | 1.6 | 1.7 | 1.9 | 2.5 | 16.0% |
| Finland | 2.2 | 1.7 | 1.5 | 2.4 | 2.9% |
| Netherlands | 1.1 | 0.8 | 1.3 | 1.1 | 0.0% |
| Norway | 0.2 | 0.1 | 0.1 | 0.7 | 51.8% |
| Belgium | 0.4 | 0.5 | 0.5 | 0.4 | 0.0% |
| Others | 1.9 | 2.1 | 1.2 | 1.4 | -9.7% |
| Total | 12.2 | 12.0 | 24.6 | 29.0 | 33.5% |
Top Suppliers of Formic Acid, Its Salts and Esters to the UK in 2022:
- Germany (7.3K tons)
- China (2.7K tons)
- Finland (1.8K tons)
- Sweden (1.7K tons)
- Canada (0.8K tons)
- Netherlands (0.8K tons)
- Belgium (0.3K tons)
- Norway (0.3K tons)
Exports of Formic Acid, Its Salts and Esters in the UK
In 2022, after two years of decline, there was significant growth in shipments abroad of formic acid, its salts and esters, when their volume increased by 112% to 2.6K tons. In general, exports continue to indicate slight growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of formic acid, its salts and esters surged to $13M in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Formic Acid, Its Salts and Esters in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 44.4 | 347 | 2,290 | 4,057 | 350.4% |
| Saudi Arabia | 2,580 | 2,495 | 1,333 | 2,730 | 1.9% |
| Senegal | N/A | N/A | 216 | 1,438 | 565.7% |
| Spain | 414 | 432 | 658 | 948 | 31.8% |
| Oman | 80.3 | 0.1 | 366 | 869 | 121.2% |
| India | 241 | 8.7 | 9.8 | 683 | 41.5% |
| Czech Republic | 209 | 414 | 1.7 | 469 | 30.9% |
| Netherlands | 321 | 485 | 182 | 344 | 2.3% |
| Ireland | 241 | 180 | 138 | 183 | -8.8% |
| Belgium | 123 | 135 | 74.4 | 169 | 11.2% |
| Others | 2,013 | 1,393 | 1,487 | 1,451 | -10.3% |
| Total | 6,267 | 5,888 | 6,757 | 13,341 | 28.6% |
Top Export Markets for Formic Acid, Its Salts and Esters from the UK in 2022:
- Saudi Arabia (483.9 tons)
- Norway (459.4 tons)
- Spain (354.3 tons)
- Oman (252.3 tons)
- India (238.0 tons)
- Czech Republic (184.7 tons)
- Senegal (105.6 tons)
- Netherlands (85.0 tons)
- Ireland (83.1 tons)
- Belgium (58.0 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143250 - Formic acid, its salts and esters
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
258
This report provides an in-depth analysis of the market for formic acid, its salts and esters in the UK.
496
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in the UK.
75
This report provides an in-depth analysis of the market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids in the UK.
77
This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in the UK.
351
This report provides an in-depth analysis of the market for salts of acetic acid in the UK.
380
This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in the UK.
355
This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters in the UK.
352
This report provides an in-depth analysis of the ethyl acetate market in the UK.
339
This report provides an in-depth analysis of the acetic anhydride market in the UK.
492
This report provides an in-depth analysis of the acetic acid market in the UK.
256
In March 2023, the price of salts of acetic acid was $4,365 per ton (FOB, United Kingdom), experiencing a decrease of -5.6% compared to the previous month.
231
The pace of growth for Acetic Anhydride was remarkably rapid in January 2023, experiencing a staggering month-to-month increase of 105%. In terms of value, imports of Acetic Anhydride declined to $260K in August 2023.
231
Saturated Acyclic Monocarboxylic Acids are important chemical compounds used in various industries, including pharmaceuticals, cosmetics, and chemical manufacturing. In this article, we explore the world's best import markets for saturated acyclic monocarboxylic acids, backed by data and key statistics from the IndexBox market intelligence platform. Belgium leads the way as the largest importer, followed by India, Germany, China, and the United States. The Netherlands, Italy, Japan, Mexico, and Spain also play significant roles. Learn more about this vibrant and dynamic import market.
898
Global acyclic acid imports stood at X tons in 2016, coming down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the period from...
1378
Global acyclic acid imports stood at X tons in 2016, coming down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the period from...
950
In value terms, phosphoric esters and their salts imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated ...
830
In value terms, esters of other inorganic acids imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indica...
927
In value terms, phosphoric esters and their salts exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the tre...
955
In value terms, esters of other inorganic acids exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend...
970
In value terms, acetals and hemiacetals imports totaled $X in 2016. Overall, acetals and hemiacetals imports continue to indicate a mild deduction. Over the period under review, global acetals and h...
