Report Update Nov 1, 2024

Puerto Rico - Formic Acid, Its Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Formic Acid, Its Salts And Esters 2024

Market Size for Formic Acid, Its Salts And Esters in Puerto Rico

The Puerto Rican market for formic acid, its salts and esters was estimated at less than $X in 2021, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern.

Exports of Formic Acid, Its Salts And Esters

Exports from Puerto Rico

Exports of formic acid, its salts and esters from Puerto Rico stood at less than X kg in 2021, remaining relatively unchanged against the previous year's figure. Overall, exports recorded a relatively flat trend pattern.

In value terms, exports of formic acid, its salts and esters stood at less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

China prevails in esters structure, finishing at X tons, which was approx. 56% of total exports in 2021. Finland (X tons) took the second position in the ranking, followed by Germany (X tons) and the Netherlands (X tons). All these countries together held near 22% share of total exports. The United States (X tons), Belgium (X tons), Spain (X tons), Taiwan (Chinese) (X tons) and Norway (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +5.5% from 2012 to 2021. At the same time, Finland (+65.9%), Norway (+4.9%), Germany (+4.3%), Spain (+3.1%), the Netherlands (+1.9%) and the United States (+1.6%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in the world, with a CAGR of +65.9% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Belgium (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Finland and China increased by +7.9 and +7.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest formic acid, its salts and esters supplier from Puerto Rico, comprising 43% of global exports. The second position in the ranking was taken by Germany ($X), with a 9% share of global exports. It was followed by the Netherlands, with a 7.3% share.

In China, exports of formic acid, its salts and esters expanded at an average annual rate of +2.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+2.8% per year) and the Netherlands (+1.2% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, leveling off at the previous year. Overall, the export price saw a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was Norway ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.6%), while the other leaders experienced a decline in the export price figures.

Imports of Formic Acid, Its Salts And Esters

Imports into Puerto Rico

Imports of formic acid, its salts and esters into Puerto Rico amounted to less than X kg in 2021, therefore, remained relatively stable against the year before. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, imports of formic acid, its salts and esters stood at less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

The Netherlands (X tons) and India (X tons) represented roughly 20% of total imports in 2021. Belgium (X tons) took the next position in the ranking, followed by Italy (X tons), Russia (X tons), Brazil (X tons) and Germany (X tons). All these countries together took approx. 25% share of total imports. Turkey (X tons), Spain (X tons), the United States (X tons), Poland (X tons), France (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of +10.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 23% share of total imports. These countries were followed by Brazil, Italy, the United States, Germany, Russia, Turkey, Spain, France, Poland and South Korea, which together accounted for a further 39%.

Spain, with a CAGR of +8.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for formic acid, its salts and esters in the world?

China constituted the country with the largest volume of consumption of formic acid, its salts and esters, comprising approx. 26% of total volume. Moreover, consumption of formic acid, its salts and esters in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 9.8% share.

What are the largest producers of formic acid, its salts and esters in the world?

The country with the largest volume of production of formic acid, its salts and esters was China, accounting for 41% of total volume. Moreover, production of formic acid, its salts and esters in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by India, with an 8.1% share.

What are the leading suppliers of formic acid, its salts and esters to Puerto Rico?

In value terms, the largest formic acid, its salts and esters importing markets into Puerto Rico were India, the Netherlands and the United States, together comprising 25% of total imports. These countries were followed by Italy, Belgium, Norway, Germany, Brazil, Spain, Russia, France, Turkey and Poland, which together accounted for a further 36%.

What are the leading importers of formic acid, its salts and esters from Puerto Rico?

In value terms, China remains the largest formic acid, its salts and esters supplier from Puerto Rico, comprising 38% of global exports. The second position in the ranking was occupied by Germany, with a 13% share of global exports. It was followed by the Netherlands, with a 9.6% share.

What is the average export price for formic acid, its salts and esters in Puerto Rico?

The export price for formic acid, its salts and esters in Puerto Rico stood at $less than 0.1 per ton in 2020, remaining constant against the previous year.

What is the average import price for formic acid, its salts and esters in Puerto Rico?

In 2020, the import price for formic acid, its salts and esters in Puerto Rico amounted to $less than 0.1 per ton, remaining stable against the previous year.

This report provides an in-depth analysis of the market for formic acid, its salts and esters in Puerto Rico. 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:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023