Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Angola - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Angola (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Angola (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Angola
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Angola
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Angola (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,060 per ton, falling by -4.3% against the previous year. Overall, the import price saw a abrupt downturn. The growth pace was the most rapid in 2015 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $3,264 per ton in 2012; however, from 2013 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 the Netherlands ($3,244 per ton), while the price for the UK ($289 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-4.4%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Angola (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,378 per ton, increasing by 2.8% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; formic acids decreased by -11.1% against 2017 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 107% against the previous year. As a result, the export price reached the peak level of $1,551 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Nigeria.
From 2012 to 2022, the rate of growth in terms of prices for Congo amounted to +393.2% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Angola
In 2022, approx. 157 tons of acids; saturated acyclic monocarboxylic acids; formic acids were imported into Angola; picking up by 88% compared with the previous year's figure. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 431%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $167K in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 401%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 34.7 | 11.3 | 49.3 | 52.4 | 14.7% |
| South Africa | 0.1 | 0.1 | 1.4 | 25.4 | 533.3% |
| Belgium | 6.8 | 2.5 | 12.4 | 18.0 | 38.3% |
| United States | 3.1 | 1.2 | 6.6 | 11.2 | 53.4% |
| Portugal | 0.1 | 1.9 | 15.3 | 7.9 | 329.1% |
| United Kingdom | 4.9 | 1.3 | 5.3 | 5.2 | 2.0% |
| China | 0.2 | 0.2 | 2.1 | 4.9 | 190.4% |
| Others | 6.9 | N/A | N/A | 41.6 | 82.0% |
| Total | 56.7 | 18.5 | 92.5 | 167 | 43.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Angola in 2022:
- South Africa (31.7 tons)
- Belgium (29.2 tons)
- United Kingdom (17.9 tons)
- Netherlands (16.2 tons)
- United States (8.2 tons)
- Portugal (7.9 tons)
- China (7.1 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Angola
For the third year in a row, Angola recorded decline in overseas shipments of acids; saturated acyclic monocarboxylic acids; formic acids, which decreased by -12.3% to 59 tons in 2022. Over the period under review, exports faced a abrupt decrease.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids shrank to $81K in 2022. Overall, exports recorded a abrupt setback. The smallest decline of -9.8% was in 2020.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 39.7 | 83.5 | 90.2 | 81.3 | 27.0% |
| Gabon | 15.7 | N/A | N/A | N/A | 0% |
| Others | 55.4 | 16.5 | N/A | N/A | -70.2% |
| Total | 111 | 99.9 | 90.2 | 81.3 | -9.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Angola in 2022:
- Nigeria (59.0 tons)
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