Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ethiopia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ethiopia (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ethiopia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ethiopia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $3,206 per ton in 2022, surging by 10% against the previous year. In general, the import price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2021 an increase of 179%. Over the period under review, average import prices reached the maximum at $4,136 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 India ($3,667 per ton), while the price for China ($1,062 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.0%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ethiopia
In 2022, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids into Ethiopia skyrocketed to 14 tons, rising by 72% on the previous year. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 326%. Over the period under review, imports of reached the peak figure 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 surged to $46K in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 909% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | N/A | N/A | 23.7 | 44.3 | 86.9% |
China | 0.3 | 2.3 | 0.4 | 1.5 | 71.0% |
Others | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
Total | 0.4 | 2.4 | 24.2 | 45.9 | 385.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Ethiopia in 2022:
- Netherlands (12.9 tons)
- China (1.4 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Ethiopia.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Ethiopia.
This report provides an in-depth analysis of the market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids in Ethiopia.
This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in Ethiopia.
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