Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Egypt - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Egypt (CIF) - 2022
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Egypt (FOB) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Egypt
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Egypt
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Egypt (CIF) - 2022
In 2022, the average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $2,370 per ton, picking up by 39% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 64%. Over the period under review, average import prices reached the peak figure at $2,555 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($2,370 per ton) and Saudi Arabia ($2,370 per ton), while the price for China ($2,370 per ton) and Germany ($2,370 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Egypt (FOB) - 2022
The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,041 per ton in 2022, surging by 66% against the previous year. In general, the export price, however, faced a abrupt setback. Over the period under review, the average export prices attained the peak figure at $4,110 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Nigeria.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +15.8% per year.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Egypt
After two years of decline, overseas purchases of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses increased by 8.1% to 3.9K tons in 2022. In general, imports, however, recorded a deep slump.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses skyrocketed to $9.1M in 2022. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 62%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.3 | 0.1 | 4.6 | 7.1 | 187.1% |
| Russia | 5.1 | 3.3 | 0.9 | 0.8 | -46.1% |
| Saudi Arabia | 0.1 | N/A | 0.2 | 0.7 | 91.3% |
| Germany | N/A | N/A | N/A | 0.5 | 0% |
| Others | 0.2 | 0.3 | 0.4 | N/A | 41.4% |
| Total | 5.7 | 3.7 | 6.1 | 9.1 | 16.9% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Egypt in 2022:
- China (3003.1 tons)
- Russia (345.3 tons)
- Saudi Arabia (277.3 tons)
- Germany (229.0 tons)
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Egypt
In 2022, the amount of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses exported from Egypt surged to 753 tons, picking up by 101% compared with the year before. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses skyrocketed to $784K in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Nigeria | 189 | 234 | 784 | 103.7% | |
| Others | N/A | N/A | 0.1 | 0% | |
| Total | 189 | 234 | 784 | 103.7% | |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Egypt in 2022:
- Nigeria (753.3 tons)
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