Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Uganda - 2022

Contents:

1. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Uganda (CIF) - 2022
2. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Uganda (FOB) - 2022
3. Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Uganda
4. Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Uganda

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Uganda (CIF) - 2022

The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,582 per ton in 2022, with a decrease of -11% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 78% against the previous year. Over the period under review, average import prices reached the peak figure at $2,070 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Kenya ($3,112 per ton), while the price for the Netherlands ($609 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Uganda (FOB) - 2022

In 2022, the average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $824 per ton, increasing by 3% against the previous year. Overall, the export price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 93% against the previous year. Over the period under review, the average export prices hit record highs at $2,412 per ton in 2018; however, from 2019 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 Rwanda.

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +7.4% per year.

Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Uganda

After three years of growth, supplies from abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -27.1% to 16 tons in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 291%. As a result, imports reached the peak of 22 tons, and then fell rapidly in the following year.

In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses declined rapidly to $25K in 2022. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 256%.

Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Uganda in 2022:

1. China (10.3 tons)
2. Kenya (3.5 tons)
3. India (2.1 tons)

Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Uganda

In 2022, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses from Uganda shrank to 313 kg, with a decrease of -3.7% compared with 2021. Overall, exports showed a pronounced descent. The pace of growth was the most pronounced in 2021 with an increase of 8% against the previous year.

In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses declined slightly to $258 in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 2.4% against the previous year.

Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Uganda in 2022:

1. Rwanda (313.0 kg)

Source: IndexBox Market Intelligence Platform