Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Morocco - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Morocco (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Morocco
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Morocco (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $2,183 per ton, reducing by -17.2% against the previous year. Overall, the import price recorded a noticeable slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 2,298%. Over the period under review, average import prices hit record highs at $54,000 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +48.1% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Morocco
In 2022, after three years of growth, there was significant decline in supplies from abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids, when their volume decreased by -81% to 252 kg. Over the period under review, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 44,133%. As a result, imports reached the peak of 1.3 tons, and then declined sharply in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids declined rapidly to $550 in 2022. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 7,041%. As a result, imports reached the peak of $3.5K, and then contracted dramatically in the following year.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | N/A | N/A | 0.2 | 0.3 | 50.0% |
Portugal | N/A | N/A | 3.3 | N/A | 0% |
Others | 0.2 | N/A | N/A | 0.2 | 0.0% |
Total | 0.2 | N/A | 3.5 | 0.6 | 44.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Morocco in 2022:
- Spain (247.0 kg)
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