Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Myanmar - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Myanmar (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Myanmar
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Myanmar (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $575 per ton in 2022, growing by 13% against the previous year. Overall, the import price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 23% against the previous year. The import price peaked at $959 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($576 per ton), while the price for Thailand totaled $540 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Myanmar
In 2022, approx. 3.5K tons of acids; saturated acyclic monocarboxylic acids; formic acids were imported into Myanmar; picking up by 130% against 2021. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $2M in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 279 | 175 | 234 | 1,003 | 53.2% |
Thailand | 169 | 6.8 | 136 | 15.3 | -55.1% |
Germany | N/A | 52.9 | 21.2 | N/A | -59.9% |
Others | 490 | 234 | 391 | 1,019 | 27.6% |
Total | 939 | 469 | 783 | 2,038 | 29.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Myanmar in 2022:
- China (1.7K tons)
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