Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Angola - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Angola (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Angola
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Angola (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $2,153 per ton, jumping by 16% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 increased by +31.0% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 77%. Over the period under review, average import prices hit record highs at $2,923 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($4,868 per ton), while the price for Namibia ($584 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+41.3%), 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 Angola
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -18.4% to 15 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 424% against the previous year. As a result, imports attained the peak of 22 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses contracted to $33K in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 425%. As a result, imports reached the peak of $36K. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Angola (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | 0.4 | 0.7 | 0.9 | 10.3 | 195.3% |
United States Minor Outlying Islands | N/A | N/A | N/A | 8.3 | 0% |
South Africa | 3.7 | 17.1 | 30.1 | 4.0 | 2.6% |
Namibia | 0.1 | 1.1 | 3.2 | 0.8 | 100.0% |
India | 1.3 | N/A | N/A | N/A | 0% |
Others | 1.4 | 17.2 | 0.1 | 9.2 | 87.3% |
Total | 6.9 | 36.1 | 34.4 | 32.6 | 67.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Angola in 2022:
- Portugal (4.8 tons)
- United States Minor Outlying Islands (2.6 tons)
- Namibia (1.4 tons)
- South Africa (0.8 tons)
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