Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Algeria - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Algeria (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Algeria
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Algeria (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,427 per ton in 2022, dropping by -20.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 37%. The import price peaked at $3,289 per ton in 2020; however, from 2021 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 Portugal ($5,453 per ton), while the price for China ($1,613 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Algeria
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses increased by 116% to 152 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses skyrocketed to $369K in 2022. Overall, total imports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 149 | 103 | 102 | 163 | 3.0% |
| Portugal | N/A | N/A | N/A | 68.8 | 0% |
| Italy | 39.6 | 56.9 | 32.7 | 41.8 | 1.8% |
| Germany | 9.0 | 24.8 | 25.2 | 35.5 | 58.0% |
| Spain | 26.0 | 43.8 | 21.0 | 32.5 | 7.7% |
| Belgium | 59.1 | 47.1 | 9.9 | 11.1 | -42.7% |
| China | 12.4 | 11.2 | 2.9 | 10.6 | -5.1% |
| Others | 27.0 | 21.7 | 6.1 | 5.5 | -41.2% |
| Total | 322 | 309 | 200 | 369 | 4.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Algeria in 2022:
- Netherlands (95.9 tons)
- Portugal (12.6 tons)
- Italy (12.0 tons)
- Germany (10.5 tons)
- Spain (7.4 tons)
- China (6.6 tons)
- Belgium (4.1 tons)
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