Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Ethiopia - 2022

Contents:

  1. Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Ethiopia (CIF) - 2022
  2. Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Ethiopia

Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Ethiopia (CIF) - 2022

In 2022, the average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,611 per ton, rising by 25% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 43%. The import price peaked at $1,786 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,726 per ton), while the price for India ($1,602 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Ethiopia

For the third year in a row, Ethiopia recorded decline in supplies from abroad of acids; aromatic polycarboxylic acids; phthalic anhydrides, which decreased by -20.8% to 307 tons in 2022. Over the period under review, imports faced a abrupt slump. The smallest decline of -0.1% was in 2020.

In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides contracted modestly to $495K in 2022. In general, imports continue to indicate a slight descent. The smallest decline of -1.1% was in 2021.

Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea11475.718127534.1%
India21512197.2192-3.7%
China84.130920827.6-31.0%
Taiwan (Chinese)104N/AN/AN/A0%
OthersN/AN/A13.7N/A0%
Total518506500495-1.5%

Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to Ethiopia in 2022:

  1. South Korea (171.0 tons)
  2. India (120.0 tons)
  3. China (16.0 tons)

Source: IndexBox Market Intelligence Platform

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