Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Oman - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Oman (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Oman (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Oman
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Oman
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Oman (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $3,914 per ton, surging by 25% against the previous year. Overall, the import price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 51%. The import price peaked at $13,689 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($4,431 per ton), while the price for China ($3,419 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Oman (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $2,608 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 2.9% against the previous year. Over the period under review, the average export prices hit record highs at $3,816 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -0.1% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Oman
In 2022, after three years of growth, there was significant decline in overseas purchases of acids; saturated acyclic monocarboxylic acids; esters of formic acids, when their volume decreased by -9.9% to 252 tons. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 100%. As a result, imports reached the peak of 280 tons, and then fell in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids rose sharply to $987K in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 176% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Oman (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 69.0 | 100 | 364 | 669 | 113.2% |
United Arab Emirates | 153 | 98.7 | 241 | 271 | 21.0% |
China | 28.3 | 32.5 | 221 | 20.5 | -10.2% |
Qatar | N/A | 66.0 | 7.8 | N/A | -88.2% |
Others | 0.5 | 19.7 | 40.6 | 26.7 | 276.6% |
Total | 250 | 317 | 874 | 987 | 58.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Oman in 2022:
- United Kingdom (183.0 tons)
- United Arab Emirates (61.1 tons)
- China (6.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Oman
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; esters of formic acids exported from Oman reached 16 tons, remaining constant against 2021 figures. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 264%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids reached $43K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 275%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Oman (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 19.8 | 11.4 | 25.1 | 43.0 | 29.5% |
Brunei Darussalam | N/A | N/A | 7.9 | N/A | 0% |
Saudi Arabia | N/A | N/A | 9.7 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 19.8 | 11.4 | 42.8 | 43.0 | 29.5% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Oman in 2022:
- United Arab Emirates (16.5 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Oman.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Oman.
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