Salicylic Acid Price in Tanzania - 2022
Contents:
Salicylic Acid Price in Tanzania (CIF) - 2022
The average salicylic acid import price stood at $4,707 per ton in 2022, increasing by 6.1% against the previous year. Over the period under review, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 82%. The import price peaked at $6,186 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($5,733 per ton), while the price for China stood at $4,362 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Salicylic Acid Imports in Tanzania
After three years of growth, overseas purchases of salicylic acid and its salts decreased by -53.9% to 3.2 tons in 2022. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 132%. As a result, imports reached the peak of 7 tons, and then shrank notably in the following year.
In value terms, salicylic acid imports dropped significantly to $15K in 2022. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 73% against the previous year.
| Import of Salicylic Acid in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.8 | 1.1 | 3.5 | 10.2 | 133.6% |
| India | 8.8 | 16.1 | 25.8 | 4.9 | -17.7% |
| Kenya | 1.0 | 1.1 | 1.6 | N/A | 26.5% |
| Others | 0.2 | 0.3 | 0.1 | N/A | -29.3% |
| Total | 10.8 | 18.7 | 31.0 | 15.2 | 12.1% |
Top Suppliers of Salicylic Acid to Tanzania in 2022:
- China (2.3 tons)
- India (0.9 tons)
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