Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the United Arab Emirates - 2022

Contents:

1. Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the United Arab Emirates (CIF) - 2022
2. Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the United Arab Emirates (FOB) - 2022
3. Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the United Arab Emirates
4. Exports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the United Arab Emirates

Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the United Arab Emirates (CIF) - 2022

The average import price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses stood at $1,612 per ton in 2022, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The import price peaked at $1,785 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($1,623 per ton), while the price for China ($857 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses amounted to $3,409 per ton, with an increase of 116% against the previous year. Over the period under review, the export price recorded a prominent expansion. The pace of growth was the most pronounced in 2016 an increase of 142% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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 Saudi Arabia ($4,545 per ton), while the average price for exports to Burundi ($441 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 Qatar (+30.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the United Arab Emirates

For the fourth year in a row, the United Arab Emirates recorded growth in purchases abroad of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses, which increased by 145% to 5.8K tons in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 350%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses surged to $9.4M in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 390%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters to the United Arab Emirates in 2022:

1. Saudi Arabia (5.6K tons)
2. China (0.1K tons)
3. India (0.1K tons)

Exports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the United Arab Emirates

In 2022, overseas shipments of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses were finally on the rise to reach 74 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep slump.

In value terms, exports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses surged to $252K in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters from the United Arab Emirates in 2022:

1. India (63.7 tons)
2. Oman (5.4 tons)
3. Burundi (1.4 tons)

Source: IndexBox Market Intelligence Platform