Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Iran - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Iran (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Iran
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Iran (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $3,484 per ton in 2022, growing by 7.9% against the previous year. Overall, the import price enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2017 an increase of 70%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($4,003 per ton), while the price for the United Arab Emirates ($2,049 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+53.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Iran
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -11.3% to 144 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 460%. As a result, imports reached the peak of 180 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids shrank modestly to $500K in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 496% against the previous year. As a result, imports attained the peak of $544K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.1 | 359 | 458 | 407 | 140.9% |
| India | 47.4 | 119 | 32.0 | 67.5 | 12.5% |
| United Arab Emirates | 5.0 | 13.4 | 7.1 | 6.3 | 8.0% |
| Turkey | 5.8 | 33.1 | 12.8 | 5.7 | -0.6% |
| Others | 3.9 | 19.6 | 12.3 | 13.8 | 52.4% |
| Total | 91.3 | 544 | 522 | 500 | 76.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Iran in 2022:
- China (117.9 tons)
- India (20.7 tons)
- United Arab Emirates (3.1 tons)
- Turkey (1.4 tons)
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