Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Oman - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Oman (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Oman
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Oman (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $830 per ton in 2022, reducing by -45.4% against the previous year. Overall, the import price showed a pronounced shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 63%. As a result, import price reached the peak level of $1,520 per ton, and then fell remarkably 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 India ($14,222 per ton), while the price for China ($398 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+32.5%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Oman
In 2022, approx. 451 tons of acids; saturated acyclic monocarboxylic acids; formic acids were imported into Oman; increasing by 700% against the previous year's figure. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $375K in 2022. In general, imports saw a significant 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 Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 54.8 | 3.4 | 31.2 | 44.1 | -7.0% |
| Canada | N/A | N/A | N/A | 34.1 | 0% |
| China | 5.9 | 3.8 | 12.0 | 29.0 | 70.0% |
| Germany | 9.8 | 7.7 | 6.2 | 9.5 | -1.0% |
| Others | 57.7 | 9.6 | 36.4 | 258 | 64.7% |
| Total | 128 | 24.4 | 85.8 | 375 | 43.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Oman in 2022:
- China (72.8 tons)
- United Arab Emirates (61.1 tons)
- Canada (35.9 tons)
- Germany (12.2 tons)
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