Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Azerbaijan - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Azerbaijan (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Azerbaijan
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Azerbaijan (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,814 per ton, growing by 49% against the previous year. Over the period under review, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 119% against the previous year. As a result, import price attained the peak level of $2,589 per ton. From 2019 to 2022, the average import prices remained at a 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 Spain ($2,882 per ton), while the price for Iran ($383 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Azerbaijan
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; formic acids increased by 48% to 277 tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 surged to $503K in 2022. Overall, imports saw a significant increase. 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 Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 112 | 140 | 25.0% |
| Germany | 49.9 | 83.6 | 31.8 | 103 | 27.3% |
| Sweden | 11.6 | 11.6 | 17.8 | 33.1 | 41.8% |
| China | 14.9 | 8.0 | 1.9 | 18.8 | 8.1% |
| Spain | 0.5 | 1.0 | 1.3 | 10.8 | 178.5% |
| India | N/A | N/A | N/A | 7.0 | 0% |
| Turkey | 40.9 | 22.4 | 4.4 | 4.9 | -50.7% |
| Iran | 3.6 | 3.3 | 1.8 | 2.7 | -9.1% |
| Malaysia | 26.0 | N/A | N/A | N/A | 0% |
| Others | 144 | 106 | 57.4 | 182 | 8.1% |
| Total | 291 | 236 | 229 | 503 | 20.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Azerbaijan in 2022:
- Italy (71.3 tons)
- Germany (46.4 tons)
- Sweden (17.9 tons)
- China (16.9 tons)
- India (8.3 tons)
- Iran (7.1 tons)
- Spain (3.7 tons)
- Turkey (2.5 tons)
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