Salicylic Acid Price in Nepal - 2022
Contents:
Salicylic Acid Price in Nepal (CIF) - 2022
The average salicylic acid import price stood at $5,035 per ton in 2022, growing by 2.2% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salicylic acid import price increased by +55.0% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs at $6,323 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +6.6% per year.
Salicylic Acid Imports in Nepal
In 2022, purchases abroad of salicylic acid and its salts decreased by -48% to 2.6 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 28% against the previous year.
In value terms, salicylic acid imports plummeted to $13K in 2022. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, imports reached the peak of $25K, and then shrank rapidly in the following year.
| Import of Salicylic Acid in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 17.0 | 14.6 | 25.1 | 13.3 | -7.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.0 | 14.6 | 25.1 | 13.3 | -7.9% |
Top Suppliers of Salicylic Acid to Nepal in 2022:
- India (2.6 tons)
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