Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Pakistan - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Pakistan (CIF) - 2023
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Pakistan (FOB) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Pakistan
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Pakistan
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Pakistan (CIF) - 2023
In July 2023, the average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $1,329 per ton, surging by 14% against the previous month. In general, the import price, however, recorded a deep setback. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 20% m-o-m. The import price peaked at $2,487 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($1,461 per ton), while the price for China amounted to $1,288 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Pakistan (FOB) - 2022
The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $2,497 per ton in 2021, rising by 152% against the previous year. In general, the export price enjoyed a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2015 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +10.6% per year.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Pakistan
For the fourth year in a row, Pakistan recorded growth in overseas purchases of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses, which increased by 15% to 2.2K tons in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 93%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses surged to $4.6M in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 132%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 545 | 297 | 1,390 | 2,613 | 68.6% |
| Malaysia | 584 | 402 | 1,148 | 833 | 12.6% |
| South Korea | 114 | 239 | 242 | 480 | 61.5% |
| Italy | 172 | 28.8 | 146 | 449 | 37.7% |
| Indonesia | 0.1 | 0.1 | 0.1 | 110 | 932.3% |
| France | 83.9 | 119 | 83.5 | N/A | -0.2% |
| Others | 320 | 416 | 475 | 95.7 | -33.1% |
| Total | 1,819 | 1,501 | 3,484 | 4,581 | 36.1% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Pakistan in 2022:
- China (1243.7 tons)
- Malaysia (358.4 tons)
- Italy (289.7 tons)
- South Korea (192.1 tons)
- Indonesia (50.4 tons)
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Pakistan
Exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses from Pakistan soared to 48 tons in 2021, with an increase of 1,674% on the previous year. Overall, exports posted a significant expansion. 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 $120K in 2021. In general, exports showed a significant expansion. As a result, the exports reached 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 Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| United Arab Emirates | N/A | 120 | 0% | ||
| Djibouti | 1.3 | N/A | 0% | ||
| Others | 1.4 | N/A | 0% | ||
| Total | 2.7 | 120 | 4344.4% | ||
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Pakistan in 2022:
- United Arab Emirates (48.0 tons)
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