Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Argentina - 2023
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Argentina (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Argentina
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Argentina (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $67,915 per ton in 2022, increasing by 115% against the previous year. Over the period under review, the import price recorded a prominent expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 121%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($317,182 per ton), while the price for Germany ($29,577 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+148.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Argentina
In 2022, purchases abroad of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses decreased by -61.6% to 236 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 162%. As a result, imports attained the peak of 761 kg. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses dropped significantly to $16K in 2022. In general, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $19K, and then declined significantly in the following year.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 8.1 | 7.9 | 9.1 | 116.2% |
| India | 0.8 | 3.9 | 5.4 | 3.5 | 63.6% |
| United States | 1.9 | 2.9 | 0.9 | 2.7 | 12.4% |
| Germany | 0.3 | N/A | 1.3 | 0.8 | 38.7% |
| Spain | N/A | N/A | 3.9 | N/A | 0% |
| United Arab Emirates | 14.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.5 | 15.0 | 19.5 | 16.0 | -4.7% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Argentina in 2022:
- China (190.0 kg)
- Germany (26.0 kg)
- India (11.0 kg)
- United States (9.0 kg)
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