Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Algeria - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Algeria (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Algeria
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Algeria (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,880 per ton in 2022, picking up by 38% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; formic acids increased by +91.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 67%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
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 Spain ($3,348 per ton), while the price for Finland ($922 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Algeria
In 2022, after two years of decline, there was significant growth in overseas purchases of acids; saturated acyclic monocarboxylic acids; formic acids, when their volume increased by 403% to 216 tons. Overall, imports continue to indicate pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $405K in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 109 | 66.2 | 34.8 | 189 | 20.1% |
| Spain | 19.3 | 8.9 | 8.1 | 59.0 | 45.1% |
| Netherlands | 14.5 | 6.6 | 2.5 | 54.7 | 55.7% |
| China | 2.8 | 4.4 | 4.4 | 33.6 | 128.9% |
| Belgium | 11.7 | 7.8 | 4.5 | 27.3 | 32.6% |
| Italy | 26.5 | 3.6 | 2.6 | 24.0 | -3.2% |
| Finland | 4.6 | 2.5 | 1.1 | 5.5 | 6.1% |
| Others | 0.9 | 2.5 | 0.4 | 12.6 | 141.0% |
| Total | 189 | 103 | 58.4 | 405 | 28.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Algeria in 2022:
- Germany (122.1 tons)
- China (31.2 tons)
- Netherlands (18.8 tons)
- Spain (17.6 tons)
- Italy (9.1 tons)
- Belgium (8.3 tons)
- Finland (6.0 tons)
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