Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Bahrain - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Bahrain (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Bahrain
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Bahrain (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $3,665 per ton, jumping by 42% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses increased by +136.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
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 ($8,400 per ton), while the price for Germany ($1,854 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Bahrain
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -10.1% to 3.9 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2020 with an increase of 54%. As a result, imports reached the peak of 6.8 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses skyrocketed to $14K in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 79%. As a result, imports reached the peak of $17K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.9 | 6.2 | 3.2 | 7.6 | 8.8% |
| France | 1.1 | 7.8 | 3.7 | 3.1 | 41.3% |
| United States | 1.3 | 1.7 | 1.7 | 2.0 | 15.4% |
| Germany | 1.3 | 1.6 | 1.0 | 1.3 | 0.0% |
| Others | 0.2 | 0.2 | 2.4 | 0.1 | -20.6% |
| Total | 9.8 | 17.4 | 12.0 | 14.1 | 12.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Bahrain in 2022:
- China (1418.0 kg)
- France (1048.0 kg)
- Germany (717.0 kg)
- United States (657.0 kg)
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