Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Kuwait - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Kuwait (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Kuwait
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Kuwait (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates stood at $1,963 per ton in 2022, rising by 20% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 40%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($1,963 per ton), while the price for China totaled $1,963 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Kuwait
In 2022, after three years of growth, there was significant decline in supplies from abroad of acids; saturated acyclic monocarboxylic acids; n-butyl acetates, when their volume decreased by -32.7% to 41 tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 28%. As a result, imports attained the peak of 61 tons, and then dropped markedly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates declined dramatically to $81K in 2022. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 80%. As a result, imports reached the peak of $100K, and then shrank dramatically in the following year.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 30.6 | 40.2 | 76.7 | 63.0 | 27.2% |
United Arab Emirates | 2.0 | 2.1 | 3.4 | 18.0 | 108.0% |
United States | 10.4 | 7.7 | 10.0 | N/A | -1.9% |
Taiwan (Chinese) | 8.6 | 4.5 | 3.2 | N/A | -39.0% |
Others | 1.8 | 1.2 | 6.8 | N/A | 94.4% |
Total | 53.4 | 55.7 | 100 | 81.0 | 14.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to Kuwait in 2022:
- China (32.1 tons)
- United Arab Emirates (9.2 tons)
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