Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Ethiopia - 2022
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Ethiopia (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Ethiopia
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Ethiopia (CIF) - 2022
In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $5,068 per ton, approximately reflecting the previous year. In general, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 150% against the previous year. As a result, import price reached the peak level of $29,917 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 -6.5% per year.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Ethiopia
For the fourth consecutive year, Ethiopia recorded growth in purchases abroad of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses, which increased by 139% to 2.2 tons in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 157% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses skyrocketed to $11K in 2022. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.7 | 2.6 | 4.7 | 11.0 | 86.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 2.6 | 4.7 | 11.0 | 86.3% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Ethiopia in 2022:
- India (2.2 tons)
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