Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Egypt - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Egypt (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Egypt
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Egypt (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $10,855 per ton, picking up by 12% against the previous year. Over the period under review, the import price saw a perceptible expansion. The growth pace was the most rapid in 2017 when the average import price increased by 450% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($9,343 per ton) and the United States ($8,834 per ton), while the price for Germany ($8,729 per ton) and Saudi Arabia ($8,831 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+332.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Egypt
In 2022, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids into Egypt declined remarkably to 33 tons, which is down by -66.4% against the previous year's figure. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 2,780%. As a result, imports attained the peak of 99 tons, and then contracted markedly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids dropped sharply to $361K in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 3,269%. As a result, imports attained the peak of $958K, and then reduced rapidly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.3 | N/A | 206 | 271 | 137.2% |
| United States | N/A | N/A | 263 | 23.8 | -91.0% |
| Saudi Arabia | N/A | N/A | N/A | 12.2 | 0% |
| India | N/A | 18.8 | 56.9 | N/A | 202.7% |
| Italy | 14.0 | 8.4 | 428 | N/A | 452.9% |
| Others | 2.1 | 1.2 | 3.6 | 53.4 | 194.1% |
| Total | 36.4 | 28.4 | 958 | 361 | 114.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Egypt in 2022:
- China (29.1 tons)
- United States (2.7 tons)
- Saudi Arabia (1.4 tons)
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