Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ethiopia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ethiopia (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ethiopia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ethiopia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,336 per ton, jumping by 48% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +123.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 51% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Belgium ($3,989 per ton), while the price for India ($1,203 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+17.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ethiopia
In 2022, approx. 38 tons of acids; saturated acyclic monocarboxylic acids; formic acids were imported into Ethiopia; declining by -63.9% compared with 2021 figures. Overall, imports showed a sharp decrease. The pace of growth was the most pronounced in 2021 when imports increased by 59% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids shrank rapidly to $51K in 2022. Over the period under review, imports recorded a dramatic contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 140% against the previous year.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | N/A | N/A | 53.6 | 27.1 | -49.4% |
India | 27.6 | 12.0 | 31.9 | 21.1 | -8.6% |
Belgium | N/A | N/A | N/A | 2.5 | 0% |
Spain | N/A | 15.3 | N/A | N/A | 0% |
China | 72.7 | 12.3 | 9.6 | N/A | -63.7% |
Others | 3.6 | N/A | N/A | N/A | 0% |
Total | 104 | 39.6 | 95.1 | 50.7 | -21.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Ethiopia in 2022:
- Italy (19.8 tons)
- India (17.5 tons)
- Belgium (0.6 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Ethiopia.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Ethiopia.
This report provides an in-depth analysis of the market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids in Ethiopia.
This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in Ethiopia.
This report provides an in-depth analysis of the market for salts of acetic acid in Ethiopia.
This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Ethiopia.
This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters in Ethiopia.
This report provides an in-depth analysis of the ethyl acetate market in Ethiopia.
This report provides an in-depth analysis of the acetic anhydride market in Ethiopia.
This report provides an in-depth analysis of the acetic acid market in Ethiopia.
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