Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bahrain - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bahrain (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bahrain (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bahrain
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bahrain
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bahrain (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,746 per ton in 2022, surging by 106% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $1,982 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($6,195 per ton), while the price for Saudi Arabia ($1,043 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bahrain (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,472 per ton, surging by 18% against the previous year. Overall, the export price, however, saw a abrupt decline. The export price peaked at $3,108 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2014 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -11.0% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bahrain
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -56.6% to 40 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 when imports increased by 6.4% against the previous year. As a result, imports attained the peak of 93 tons, and then plummeted in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids fell to $70K in 2022. Over the period under review, imports continue to indicate a dramatic descent. The smallest decline of -0.7% was in 2021.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 37.8 | 27.0 | 26.4 | 25.6 | -12.2% |
| China | 33.5 | 17.7 | 22.2 | 9.1 | -35.2% |
| Singapore | N/A | N/A | N/A | 4.8 | 0% |
| United Arab Emirates | 2.4 | 0.3 | 0.4 | 4.4 | 22.4% |
| India | 0.7 | 6.8 | 5.0 | 3.8 | 75.7% |
| Germany | 2.9 | 1.8 | 1.6 | 1.5 | -19.7% |
| Others | 75.9 | 25.6 | 23.0 | 21.3 | -34.5% |
| Total | 153 | 79.2 | 78.6 | 70.4 | -22.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Bahrain in 2022:
- Saudi Arabia (24.5 tons)
- China (4.9 tons)
- Singapore (1.0 tons)
- India (1.0 tons)
- Germany (0.8 tons)
- United Arab Emirates (0.7 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bahrain
In 2022, after two years of growth, there was significant decline in shipments abroad of acids; saturated acyclic monocarboxylic acids; formic acids, when their volume decreased by -63.9% to 21 tons. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,061% against the previous year. As a result, the exports attained the peak of 58 tons, and then shrank notably in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids contracted remarkably to $31K in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 676% against the previous year. As a result, the exports attained the peak of $72K, and then dropped dramatically in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bahrain (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Saudi Arabia | 4.6 | 35.8 | 15.3 | 82.4% |
| Others | 4.6 | 35.8 | 15.3 | 82.4% |
| Total | 9.2 | 71.5 | 30.6 | 82.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Bahrain in 2022:
- Saudi Arabia (10.4 tons)
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