Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uganda - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uganda (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uganda (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uganda
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uganda
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uganda (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $2,029 per ton in 2022, rising by 47% against the previous year. Overall, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 65% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($3,134 per ton), while the price for Germany ($1,633 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uganda (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $6,364 per ton in 2022, falling by -17% against the previous year. In general, the export price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 92%. Over the period under review, the average export prices attained the maximum at $7,667 per ton in 2021, and then dropped sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for Kenya.
From 2012 to 2022, the rate of growth in terms of prices for Burundi amounted to +170.3% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uganda
In 2022, imports of acids; saturated acyclic monocarboxylic acids; formic acids into Uganda declined significantly to 5.7 tons, reducing by -16.2% against the year before. Over the period under review, imports recorded a sharp reduction.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $12K in 2022. In general, imports saw a sharp shrinkage.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.0 | 2.3 | 3.5 | 4.1 | -28.0% |
| Finland | 1.3 | 1.0 | 0.7 | 1.1 | -5.4% |
| Germany | 1.5 | 1.6 | 0.9 | 1.1 | -9.8% |
| Kenya | 5.0 | 2.1 | 0.5 | 0.8 | -45.7% |
| Others | 13.5 | 5.0 | 3.7 | 4.6 | -30.2% |
| Total | 32.3 | 12.0 | 9.4 | 11.5 | -29.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Uganda in 2022:
- China (2.0 tons)
- Germany (0.7 tons)
- Kenya (0.3 tons)
- Finland (0.3 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uganda
In 2022, after two years of decline, there was significant growth in shipments abroad of acids; saturated acyclic monocarboxylic acids; formic acids, when their volume increased by 83% to 22 kg. In general, exports, however, recorded a abrupt decline.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $140 in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 168 | 80.0 | 46.0 | 140 | -5.9% |
| Others | N/A | 80.0 | 46.0 | N/A | -42.5% |
| Total | 168 | 160 | 92.0 | 140 | -5.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Uganda in 2022:
- Kenya (22.0 kg)
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