Salicylic Acid Price in Ethiopia - 2022
Contents:
Salicylic Acid Price in Ethiopia (CIF) - 2022
The average salicylic acid import price stood at $8,670 per ton in 2022, which is down by -32.5% against the previous year. Overall, the import price saw a mild descent. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. Over the period under review, average import prices reached the maximum at $13,998 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Turkey ($11,352 per ton), while the price for China ($1,900 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+75.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Salicylic Acid Imports in Ethiopia
In 2022, purchases abroad of salicylic acid and its salts was finally on the rise to reach 569 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a dramatic downturn.
In value terms, salicylic acid imports surged to $4.9K in 2022. Over the period under review, imports, however, recorded a drastic downturn.
| Import of Salicylic Acid in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.5 | 1.8 | 0.7 | 3.7 | -6.3% |
| Turkey | N/A | N/A | 0.1 | 1.2 | 1100.0% |
| China | 3.0 | 3.1 | 0.1 | N/A | -81.7% |
| Germany | 0.9 | 4.5 | 1.5 | N/A | 29.1% |
| Others | 0.6 | 0.3 | 0.1 | N/A | -59.2% |
| Total | 9.1 | 9.7 | 2.4 | 4.9 | -18.6% |
Top Suppliers of Salicylic Acid to Ethiopia in 2022:
- India (451.0 kg)
- Turkey (108.0 kg)
- China (10.0 kg)
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