Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Egypt - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Egypt (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Egypt
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Egypt (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,045 per ton in 2022, jumping by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 19%. The import price peaked at $2,119 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($2,045 per ton) and Japan ($2,045 per ton), while the price for Italy ($2,045 per ton) and Germany ($2,045 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Egypt
In 2022, after three years of growth, there was significant decline in supplies from abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses, when their volume decreased by -21% to 749 tons. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 83% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses reduced to $1.5M in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 247 | 818 | 1,152 | 805 | 48.3% |
| Japan | N/A | N/A | 168 | 227 | 35.1% |
| China | 28.8 | 152 | 12.8 | 115 | 58.6% |
| Germany | 326 | 182 | 145 | 98.5 | -32.9% |
| Sweden | 44.1 | 37.0 | 55.6 | 95.3 | 29.3% |
| Italy | 21.3 | 21.3 | 42.4 | 22.7 | 2.1% |
| Others | 58.7 | 73.4 | 88.5 | 168 | 42.0% |
| Total | 727 | 1,283 | 1,665 | 1,531 | 28.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Egypt in 2022:
- Netherlands (393.4 tons)
- Japan (111.1 tons)
- China (56.1 tons)
- Germany (48.2 tons)
- Sweden (46.6 tons)
- Italy (11.1 tons)
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