Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Saudi Arabia - 2022

Contents:

1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Saudi Arabia (FOB) - 2022
2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Saudi Arabia (CIF) - 2022
3. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Saudi Arabia
4. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Saudi Arabia

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Saudi Arabia (FOB) - 2022

The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $5,588 per ton in 2021, growing by 150% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($18,253 per ton), while the average price for exports to Kuwait ($4,665 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+14.1%).

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Saudi Arabia (CIF) - 2022

The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,141 per ton in 2021, which is down by -11.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2018 an increase of 23%. Over the period under review, average import prices reached the maximum at $2,413 per ton in 2020, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($3,300 per ton), while the price for Italy ($1,855 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Saudi Arabia

For the third year in a row, Saudi Arabia recorded decline in overseas shipments of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses, which decreased by 0% to 16 tons in 2022. In general, exports saw a abrupt slump. The smallest decline of -17.8% was in 2020.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $35K in 2022. Overall, exports showed a abrupt slump. The smallest decline of -18.5% was in 2020.

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Saudi Arabia in 2022:

1. Kuwait (6.8 tons)
2. Bahrain (0.4 tons)
3. United Arab Emirates (0.2 tons)

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Saudi Arabia

After two years of growth, overseas purchases of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses decreased by -4.3% to 1.5K tons in 2021. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 10%. As a result, imports attained the peak of 1.5K tons, and then contracted slightly in the following year.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses fell markedly to $3M in 2021. In general, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 7.2% against the previous year. As a result, imports reached the peak of $3.7M, and then plummeted in the following year.

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Saudi Arabia in 2022:

1. Netherlands (511.4 tons)
2. Germany (352.2 tons)
3. Italy (250.8 tons)
4. United States (113.1 tons)
5. Taiwan (Chinese) (105.7 tons)

Source: IndexBox Market Intelligence Platform