Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Uruguay - 2023
Contents:
- Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Uruguay (CIF) - 2022
- Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Uruguay
Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Uruguay (CIF) - 2022
In 2022, the average import price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses amounted to $3,006 per ton, waning by -14.6% against the previous year. In general, the import price, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 107% against the previous year. The import price peaked at $3,520 per ton in 2021, and then reduced in the following year.
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 China ($7,139 per ton), while the price for India stood at $1,442 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.7%).
Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Uruguay
For the fourth year in a row, Uruguay recorded growth in purchases abroad of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses, which increased by 41% to 31 tons in 2022. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 1,127%. Over the period under review, imports of reached the peak figure 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 $93K in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 1,195% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Uruguay (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.5 | 28.9 | 57.9 | 56.8 | 183.2% |
India | 0.5 | 10.1 | 16.0 | 32.8 | 303.3% |
Others | 0.2 | 1.5 | 4.0 | 3.9 | 169.2% |
Total | 3.1 | 40.6 | 77.8 | 93.4 | 211.2% |
Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters to Uruguay in 2022:
- India (22.7 tons)
- China (8.0 tons)
This report provides an in-depth analysis of the market for oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts in Uruguay.
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Global demand for polycarboxylic acids is projected to increase over the next seven years, with market volume expected to reach 32M tons by 2030. Market performance is forecasted to expand with an anticipated CAGR of +1.8% from 2023 to 2030, reaching a market value of $42.3B by the end of 2030. Key consuming countries include the United States, China, and India, with Belgium showing the highest rates of growth in consumption.
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