Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Pakistan - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Pakistan (CIF) - 2023
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 236 | 488 | 1,271 | 1,975 | 103.0% |
China | 584 | 746 | 1,025 | 831 | 12.5% |
United States | 707 | 797 | 853 | 551 | -8.0% |
Belgium | 52.2 | 49.4 | 198 | 115 | 30.1% |
Singapore | 820 | 373 | 140 | 63.1 | -57.5% |
Malaysia | 12.7 | 17.6 | 14.9 | 17.6 | 11.5% |
Others | 73.5 | 105 | 88.0 | 41.7 | -17.2% |
Total | 2,485 | 2,576 | 3,589 | 3,595 | 13.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Pakistan in 2022:
- China (585.0 tons)
- United States (400.7 tons)
- India (112.6 tons)
- Belgium (88.5 tons)
- Singapore (39.5 tons)
- Malaysia (21.0 tons)
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