Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iraq - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iraq (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iraq
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iraq (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,446 per ton, growing by 43% against the previous year. Overall, import price indicated a noticeable increase 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 +48.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 73%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2,207 per ton), while the price for China ($1,068 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iraq
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; formic acids was finally on the rise to reach 101 tons after two years of decline. Overall, imports, however, saw a perceptible decline.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $146K in 2022. In general, imports posted a pronounced increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Iraq (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 114 | 37.6 | 13.8 | 108 | -1.8% |
Turkey | 2.3 | 13.7 | 2.1 | 18.5 | 100.4% |
China | 11.3 | 11.2 | 8.7 | 12.7 | 4.0% |
India | 0.1 | 22.3 | 0.4 | 6.2 | 295.8% |
Others | 0.2 | 0.2 | 0.1 | 0.3 | 14.5% |
Total | 128 | 84.9 | 25.2 | 146 | 4.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Iraq in 2022:
- United Arab Emirates (76.2 tons)
- China (11.9 tons)
- Turkey (8.4 tons)
- India (4.4 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Iraq.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Iraq.
This report provides an in-depth analysis of the market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids in Iraq.
This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in Iraq.
This report provides an in-depth analysis of the market for salts of acetic acid in Iraq.
This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Iraq.
This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters in Iraq.
This report provides an in-depth analysis of the ethyl acetate market in Iraq.
This report provides an in-depth analysis of the acetic anhydride market in Iraq.
This report provides an in-depth analysis of the acetic acid market in Iraq.
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