Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Tanzania - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Tanzania (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Tanzania
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Tanzania (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $1,287 per ton in 2022, shrinking by -32% against the previous year. In general, the import price, however, posted a noticeable increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 61%. Over the period under review, average import prices hit record highs at $2,750 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,049 per ton), while the price for Taiwan (Chinese) ($831 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Tanzania
For the third year in a row, Tanzania recorded decline in purchases abroad of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses, which decreased by -17.6% to 45 tons in 2022. Overall, imports saw a sharp setback. The smallest decline of -3.2% was in 2020.
In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses declined sharply to $57K in 2022. Over the period under review, imports faced a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by 32% against the previous year. As a result, imports attained the peak of $142K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 35.6 | 67.3 | 44.7 | 23.2 | -13.3% |
| United Arab Emirates | 2.9 | 8.9 | 19.1 | 13.0 | 64.9% |
| Taiwan (Chinese) | 30.6 | 51.5 | 20.1 | 10.7 | -29.5% |
| China | 3.9 | 5.4 | 11.1 | 5.1 | 9.4% |
| South Africa | 3.4 | 2.9 | 2.8 | 2.7 | -7.4% |
| India | 5.3 | 6.5 | 4.5 | 2.5 | -22.2% |
| Turkey | 25.8 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 108 | 142 | 102 | 57.4 | -19.0% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to Tanzania in 2022:
- South Korea (13.9 tons)
- Taiwan (Chinese) (12.9 tons)
- United Arab Emirates (12.2 tons)
- China (2.5 tons)
- South Africa (1.6 tons)
- India (1.5 tons)
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