Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Tanzania - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Tanzania (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Tanzania
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Tanzania (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,734 per ton in 2022, rising by 19% against the previous year. In general, the import price, however, showed a noticeable contraction. The import price peaked at $2,549 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 the Netherlands ($2,897 per ton), while the price for China ($1,311 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.1%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Tanzania
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses imported into Tanzania soared to 101 tons, with an increase of 18% compared with 2021 figures. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 33%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses skyrocketed to $175K in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 58% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Tanzania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 31.9 | 67.2 | 70.2 | 84.3 | 38.3% |
Netherlands | 49.8 | 33.5 | 32.7 | 54.4 | 3.0% |
Kenya | 6.1 | 7.0 | 6.2 | 21.6 | 52.4% |
Germany | 20.3 | 7.7 | 14.4 | 13.3 | -13.1% |
Belgium | N/A | 56.0 | N/A | N/A | 0% |
Others | 0.4 | 0.3 | 0.4 | 1.5 | 55.4% |
Total | 109 | 172 | 124 | 175 | 17.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Tanzania in 2022:
- China (64.3 tons)
- Netherlands (18.8 tons)
- Kenya (9.8 tons)
- Germany (7.2 tons)
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