Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iran - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iran (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iran (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iran
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iran
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iran (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $946 per ton in 2022, with a decrease of -4.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 48%. As a result, import price reached the peak level of $1,353 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,378 per ton), while the price for Austria ($491 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iran (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $911 per ton, growing by 24% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 30%. The export price peaked in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($1,387 per ton), while the average price for exports to Turkey ($425 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+77.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iran
For the third consecutive year, Iran recorded decline in overseas purchases of acids; saturated acyclic monocarboxylic acids; formic acids, which decreased by -44.1% to 929 tons in 2022. Overall, imports faced a dramatic curtailment. The smallest decline of -3.1% was in 2021.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids shrank rapidly to $879K in 2022. Over the period under review, imports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 19%.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iran (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 266 | 97.1 | 313 | 143 | -18.7% |
India | 123 | 95.0 | 124 | 61.9 | -20.5% |
Germany | 272 | 105 | 29.4 | 34.5 | -49.8% |
China | 721 | 306 | 220 | 23.3 | -68.1% |
Austria | 44.5 | 41.9 | 34.9 | 16.9 | -27.6% |
United Arab Emirates | 546 | 48.1 | 43.1 | 13.6 | -70.8% |
Belgium | 50.6 | 40.1 | 31.1 | 7.1 | -48.0% |
United Kingdom | 2.8 | 3.7 | 15.9 | 6.9 | 35.1% |
Others | 269 | 638 | 829 | 572 | 28.6% |
Total | 2,295 | 1,374 | 1,641 | 879 | -27.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Iran in 2022:
- Turkey (140.1 tons)
- India (56.5 tons)
- Austria (34.4 tons)
- Germany (25.0 tons)
- China (25.0 tons)
- United Arab Emirates (10.9 tons)
- United Kingdom (10.8 tons)
- Belgium (9.9 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iran
After two years of decline, overseas shipments of acids; saturated acyclic monocarboxylic acids; formic acids increased by 410% to 39 tons in 2022. Overall, exports enjoyed notable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $35K in 2022. Over the period under review, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iran (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Uzbekistan | 9.9 | 7.0 | 1.2 | 21.5 | 29.5% |
Turkey | 2.9 | 3.2 | 1.3 | 4.1 | 12.2% |
Pakistan | 3.0 | 3.2 | 1.3 | 3.9 | 9.1% |
Georgia | 1.3 | 1.6 | 0.8 | 2.8 | 29.1% |
Azerbaijan | 1.7 | 2.0 | 0.8 | 2.6 | 15.2% |
Others | 10.0 | 0.1 | 0.1 | 0.2 | -72.9% |
Total | 28.8 | 17.2 | 5.6 | 35.1 | 6.8% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Iran in 2022:
- Uzbekistan (15.5 tons)
- Turkey (9.6 tons)
- Pakistan (5.4 tons)
- Azerbaijan (5.2 tons)
- Georgia (2.8 tons)
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