Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Libya - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Libya (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Libya
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Libya (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $2,195 per ton in 2022, dropping by -25.9% against the previous year. Over the period under review, the import price showed a mild decrease. The pace of growth appeared the most rapid in 2021 an increase of 80% against the previous year. As a result, import price attained the peak level of $2,962 per ton, and then plummeted in the following year.
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 the Netherlands ($3,338 per ton), while the price for Turkey stood at $852 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-2.6%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Libya
After three years of growth, supplies from abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -74.4% to 2.2 tons in 2022. Overall, imports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. As a result, imports reached the peak of 8.7 tons, and then shrank notably in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids shrank dramatically to $4.9K in 2022. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 187%. As a result, imports attained the peak of $26K, and then declined remarkably in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.2 | 6.5 | 12.8 | 4.0 | -17.8% |
| Turkey | 0.6 | 0.5 | 0.6 | 0.9 | 14.5% |
| United Arab Emirates | N/A | N/A | 4.8 | N/A | 0% |
| Tunisia | N/A | 0.6 | N/A | N/A | 0% |
| Romania | N/A | 1.5 | N/A | N/A | 0% |
| Others | N/A | 0.1 | 7.7 | N/A | 7600.0% |
| Total | 7.8 | 9.0 | 25.9 | 4.9 | -14.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Libya in 2022:
- Netherlands (1.2 tons)
- Turkey (1.0 tons)
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