Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Pakistan - 2023

Contents:

  1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Pakistan (CIF) - 2023
  2. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Pakistan

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Pakistan (CIF) - 2023

In April 2023, the average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $1,732 per ton, falling by -17.5% against the previous month. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in October 2022 an increase of 4.5% against the previous month. As a result, import price reached the peak level of $3,170 per ton. From November 2022 to April 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In April 2023, the country with the highest price was the United States ($1,834 per ton), while the price for China totaled $1,623 per ton.

From August 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Belgium (+0.7%), while the prices for the other major suppliers experienced a decline.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Pakistan

In 2022, after three years of growth, there was significant decline in purchases abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses, when their volume decreased by -9.3% to 1.3K tons. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of 1.4K tons, and then dropped in the following year.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses totaled $3.6M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 39%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India2364881,2711,975103.0%
China5847461,02583112.5%
United States707797853551-8.0%
Belgium52.249.419811530.1%
Singapore82037314063.1-57.5%
Malaysia12.717.614.917.611.5%
Others73.510588.041.7-17.2%
Total2,4852,5763,5893,59513.1%

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Pakistan in 2022:

  1. China (585.0 tons)
  2. United States (400.7 tons)
  3. India (112.6 tons)
  4. Belgium (88.5 tons)
  5. Singapore (39.5 tons)
  6. Malaysia (21.0 tons)

Source: IndexBox Market Intelligence Platform

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