Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Tanzania - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Tanzania (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Tanzania
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Tanzania (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,195 per ton in 2022, rising by 35% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 76% against the previous year. Over the period under review, average import prices attained the maximum at $1,209 per ton in 2012; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7,000 per ton), while the price for China ($964 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Tanzania
Imports of acids; saturated acyclic monocarboxylic acids; formic acids into Tanzania skyrocketed to 315 tons in 2022, growing by 131% on the previous year's figure. In general, imports posted 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 $377K in 2022. Overall, imports showed significant growth. 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 Tanzania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 58.1 | 23.4 | 20.8 | 154 | 38.4% |
Singapore | N/A | N/A | N/A | 33.7 | 0% |
India | 2.4 | 4.9 | 0.3 | 0.4 | -45.0% |
Italy | N/A | N/A | 39.5 | N/A | 0% |
Others | 61.1 | 28.3 | 60.7 | 188 | 45.4% |
Total | 122 | 56.6 | 121 | 377 | 45.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Tanzania in 2022:
- China (159.7 tons)
- Singapore (24.0 tons)
- India (0.2 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Tanzania.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Tanzania.
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