Table 5.

Global market and prices of propionic acid.

Year	Production3 (t)	Price4 (USD/t)	Reference
1992	1 · 105		[116]
1996	1.8 · 105		[22]
1997	1.9 · 105		[22]
1999	2 · 105		[22]
2006	1.3 · 105 5  3.5 · 105  3.8 · 105		[117] http://www.marketsandmarkets.com/    [118]
2012		1000	[119]
2014	3.8 · 105	1500–2000 1600–2300	[120] http://www.lookchem.com/   http://www.alibaba.com/

³Data are supplied either as actual production from petrochemistry or as production capacity.

⁴Price is quality and quantity dependent. Free On Board (FOB).

⁵In 2006, a minor fraction was produced by fermentation and commercialized for food and fragrance manufacturing [117].