Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Kuwait - 2022
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Kuwait (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Kuwait
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Kuwait (CIF) - 2022
In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $68,750 per ton, with a decrease of -21% against the previous year. Over the period under review, the import price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 216% against the previous year. The import price peaked at $87,000 per ton in 2021, and then shrank rapidly in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +23.2% per year.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Kuwait
In 2022, purchases abroad of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses increased by 33% to 4 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a deep downturn.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $275 in 2022. In general, imports, however, showed a noticeable descent.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 320 | 289 | 261 | 275 | -4.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 320 | 289 | 261 | 275 | -4.9% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Kuwait in 2022:
- United States (4.0 kg)
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