Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United Arab Emirates - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United Arab Emirates (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United Arab Emirates (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United Arab Emirates
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United Arab Emirates
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United Arab Emirates (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $855 per ton in 2022, jumping by 18% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 74% against the previous year. As a result, import price reached the peak level of $954 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
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 Germany ($2,196 per ton), while the price for Saudi Arabia ($345 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United Arab Emirates (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,379 per ton in 2022, picking up by 31% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; formic acids increased by +82.2% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 83%. Over the period under review, the average export prices hit record highs at $1,407 per ton in 2018; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($2,043 per ton), while the average price for exports to China ($1,039 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United Arab Emirates
Imports of acids; saturated acyclic monocarboxylic acids; formic acids into the United Arab Emirates soared to 3.2K tons in 2022, rising by 145% compared with the previous year. Overall, imports showed significant growth. 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 soared to $2.8M in 2022. Over the period under review, imports recorded 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 the United Arab Emirates (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 210 | 200 | 245 | 1,141 | 75.8% |
India | 45.6 | 71.1 | 101 | 141 | 45.7% |
Saudi Arabia | 13.9 | 22.1 | 104 | 80.0 | 79.2% |
Germany | 11.5 | 11.2 | 38.7 | 18.0 | 16.1% |
Others | 351 | 326 | 467 | 1,386 | 58.1% |
Total | 632 | 630 | 955 | 2,766 | 63.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to the United Arab Emirates in 2022:
- China (1352.4 tons)
- Saudi Arabia (231.7 tons)
- India (118.3 tons)
- Germany (8.2 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United Arab Emirates
For the fourth consecutive year, the United Arab Emirates recorded growth in shipments abroad of acids; saturated acyclic monocarboxylic acids; formic acids, which increased by 175% to 273 tons in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $376K in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in the United Arab Emirates (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Oman | 2.7 | 0.8 | 10.1 | 66.7 | 191.2% |
Iraq | 4.2 | 6.7 | 2.5 | 28.2 | 88.7% |
Turkmenistan | N/A | N/A | N/A | 18.4 | 0% |
Uzbekistan | N/A | N/A | 0.5 | 17.3 | 3360.0% |
Italy | N/A | N/A | N/A | 16.1 | 0% |
Cote d'Ivoire | N/A | N/A | N/A | 12.7 | 0% |
China | 0.4 | 1.9 | 1.7 | 10.2 | 194.3% |
Pakistan | 0.8 | 5.8 | 4.6 | 9.8 | 130.5% |
Iran | 14.6 | 6.7 | 4.5 | 7.7 | -19.2% |
Saudi Arabia | 5.4 | 13.1 | 0.7 | 1.9 | -29.4% |
Turkey | N/A | N/A | 18.2 | N/A | 0% |
Others | 16.4 | 27.3 | 61.1 | 187 | 125.1% |
Total | 44.6 | 62.4 | 104 | 376 | 103.5% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from the United Arab Emirates in 2022:
- Oman (49.5 tons)
- Iraq (23.2 tons)
- Uzbekistan (15.2 tons)
- Turkmenistan (13.5 tons)
- Italy (11.1 tons)
- China (9.8 tons)
- Iran (6.8 tons)
- Pakistan (6.2 tons)
- Cote d'Ivoire (6.2 tons)
- Saudi Arabia (1.0 tons)
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