Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Ethiopia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Ethiopia (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Ethiopia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Ethiopia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $3,065 per ton, growing by 76% against the previous year. Over the period under review, the import price posted noticeable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($3,244 per ton) and China ($3,236 per ton), while the price for Taiwan (Chinese) ($2,857 per ton) and the United Arab Emirates ($2,904 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Ethiopia
In 2022, approx. 597 tons of acids; saturated acyclic monocarboxylic acids; vinyl acetates were imported into Ethiopia; waning by -30.5% against 2021 figures. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates soared to $1.8M in 2022. Overall, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 94% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.4 | 12.7 | 308 | 803 | 180.5% |
| United Arab Emirates | 103 | 200 | 291 | 662 | 85.9% |
| Saudi Arabia | 618 | 271 | 437 | 231 | -28.0% |
| Taiwan (Chinese) | 420 | 177 | 386 | 86.8 | -40.9% |
| Netherlands | N/A | N/A | N/A | 46.5 | 0% |
| India | 205 | 108 | 68.4 | N/A | -42.2% |
| Others | 30.8 | N/A | N/A | N/A | 0% |
| Total | 1,413 | 768 | 1,491 | 1,829 | 9.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Ethiopia in 2022:
- China (248.2 tons)
- United Arab Emirates (228.0 tons)
- Saudi Arabia (76.0 tons)
- Taiwan (Chinese) (30.4 tons)
- Netherlands (14.3 tons)
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