Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Azerbaijan - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Azerbaijan (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Azerbaijan
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Azerbaijan (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,259 per ton in 2022, falling by -38.7% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2021 an increase of 154% against the previous year. As a result, import price reached the peak level of $2,055 per ton, and then contracted remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,787 per ton), while the price for Iran ($875 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+11.6%), 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 Azerbaijan
Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Azerbaijan surged to 251 tons in 2022, jumping by 273% compared with 2021 figures. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $317K in 2022. Overall, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 56.7 | 55.4 | 23.9 | 79.8 | 12.1% |
China | 50.9 | 15.6 | 25.5 | 47.2 | -2.5% |
Germany | 2.3 | 0.1 | 8.1 | 14.1 | 83.0% |
Iran | N/A | 2.0 | N/A | 8.8 | 109.8% |
Sweden | 1.2 | 0.9 | 9.0 | 6.7 | 77.4% |
Russia | 5.7 | N/A | N/A | N/A | 0% |
Others | 118 | 79.2 | 71.9 | 160 | 10.7% |
Total | 235 | 153 | 138 | 317 | 10.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Azerbaijan in 2022:
- Turkey (74.1 tons)
- China (26.4 tons)
- Iran (10.0 tons)
- Germany (8.4 tons)
- Sweden (6.7 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Azerbaijan.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Azerbaijan.
This report provides an in-depth analysis of the market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids in Azerbaijan.
This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in Azerbaijan.
This report provides an in-depth analysis of the market for salts of acetic acid in Azerbaijan.
This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Azerbaijan.
This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters in Azerbaijan.
This report provides an in-depth analysis of the ethyl acetate market in Azerbaijan.
This report provides an in-depth analysis of the acetic anhydride market in Azerbaijan.
This report provides an in-depth analysis of the acetic acid market in Azerbaijan.
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