Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bangladesh - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bangladesh (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bangladesh
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bangladesh (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $839 per ton in 2022, jumping by 34% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37%. Over the period under review, average import prices hit record highs at $916 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($1,619 per ton), while the price for Indonesia ($708 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bangladesh
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -14.2% to 9.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 132%. As a result, imports reached the peak of 11K tons, and then declined in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids expanded sharply to $8.1M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 218%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,635 | 1,462 | 5,949 | 7,090 | 63.1% |
Finland | 371 | 362 | 411 | 396 | 2.2% |
Indonesia | 18.9 | 17.4 | 136 | 135 | 92.6% |
India | 36.0 | 55.4 | 97.6 | 132 | 54.2% |
Malaysia | 116 | 157 | 238 | 105 | -3.3% |
Others | 146 | 158 | 193 | 199 | 10.9% |
Total | 2,323 | 2,211 | 7,025 | 8,056 | 51.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Bangladesh in 2022:
- China (8.6K tons)
- Finland (0.4K tons)
- Indonesia (0.2K tons)
- India (0.2K tons)
- Malaysia (0.1K tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Bangladesh.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Bangladesh.
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