Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Algeria - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Algeria (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Algeria
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Algeria (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,088 per ton in 2022, waning by -6.9% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -21.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 67%. Over the period under review, average import prices reached the peak figure at $1,391 per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 Spain ($3,104 per ton), while the price for Italy ($947 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Algeria
For the fourth year in a row, Algeria recorded growth in supplies from abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, which increased by 14% to 1.6K tons in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses totaled $1.8M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.1% 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 +82.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 60% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Algeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 13.0 | 38.4 | 12.4 | 1,435 | 379.7% |
France | 0.2 | 0.5 | 9.6 | 113 | 726.7% |
Germany | 464 | 13.7 | 542 | 76.1 | -45.3% |
Spain | 144 | 81.3 | 31.6 | 52.1 | -28.7% |
Netherlands | 287 | 644 | 602 | 49.8 | -44.2% |
Italy | 60.3 | 92.7 | 403 | 42.2 | -11.2% |
Romania | N/A | 682 | N/A | N/A | 0% |
Others | 2.0 | N/A | 59.3 | 0.1 | -63.2% |
Total | 971 | 1,552 | 1,660 | 1,768 | 22.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Algeria in 2022:
- China (1408.0 tons)
- Germany (60.0 tons)
- France (47.8 tons)
- Netherlands (47.0 tons)
- Italy (44.5 tons)
- Spain (16.8 tons)
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