Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bangladesh - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bangladesh (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bangladesh
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bangladesh (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $4,750 per ton, which is down by -34.8% against the previous year. In general, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by 32%. Over the period under review, average import prices hit record highs at $10,330 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($16,959 per ton), while the price for Singapore ($1,186 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bangladesh
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; esters of formic acids imported into Bangladesh surged to 20 tons, rising by 197% on the year before. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 1,518% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids skyrocketed to $95K in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 1,441% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 2.7 | 44.6 | 76.7 | 476.6% |
| Singapore | 0.1 | 0.5 | 4.5 | 18.4 | 468.8% |
| Others | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
| Total | 0.5 | 3.2 | 49.3 | 95.4 | 475.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Bangladesh in 2022:
- Singapore (15.5 tons)
- China (4.5 tons)
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