Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Pakistan - 2022
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Pakistan (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Pakistan
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Pakistan (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $9,899 per ton in 2022, remaining stable against the previous year. Overall, the import price, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2019 an increase of 71% against the previous year. As a result, import price reached the peak level of $13,210 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($9,944 per ton), while the price for India amounted to $9,250 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.5%), 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 Pakistan
In 2022, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses into Pakistan soared to 932 kg, growing by 22% on 2021. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 1,000% against the previous year. As a result, imports reached the peak of 1.1 tons. 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 soared to $9.2K in 2022. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 721% against the previous year. As a result, imports reached the peak of $11K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.1 | 10.6 | 4.4 | 8.7 | 99.2% |
| India | 0.2 | 0.3 | 1.7 | 0.6 | 44.2% |
| Spain | N/A | N/A | 1.4 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.3 | 10.8 | 7.6 | 9.2 | 92.0% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Pakistan in 2022:
- China (872.0 kg)
- India (60.0 kg)
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