Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United Arab Emirates - 2022
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United Arab Emirates (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United Arab Emirates
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United Arab Emirates (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $37,583 per ton in 2022, increasing by 367% against the previous year. Over the period under review, the import price enjoyed prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($279,000 per ton), while the price for the United States amounted to $27,087 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+46.8%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United Arab Emirates
In 2022, overseas purchases of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses decreased by -91.1% to 24 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses contracted sharply to $902 in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 63%.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United Arab Emirates (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.0 | 34.0 | 137 | 623 | 754.1% |
| Germany | N/A | N/A | N/A | 279 | 0% |
| China | 2.0 | 43.0 | 130 | N/A | 706.2% |
| India | 1,165 | 1,822 | 1,908 | N/A | 28.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,168 | 1,899 | 2,175 | 902 | -8.3% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to the United Arab Emirates in 2022:
- United States (23.0 kg)
- Germany (1.0 kg)
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