Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Bahrain - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Bahrain (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Bahrain
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Bahrain (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $2,479 per ton, falling by -25.9% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average import price increased by 101% against the previous year. The import price peaked at $3,344 per ton in 2021, and then fell notably in the following year.
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 China ($3,063 per ton), while the price for the United States ($912 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.4%), 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 Bahrain
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; salts of formic acidses imported into Bahrain skyrocketed to 3.3 tons, picking up by 27% against the year before. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 13,016%. As a result, imports reached the peak of 4.1 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses contracted to $8.2K in 2022. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 15,795% against the previous year. As a result, imports reached the peak of $12K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 2.1 | 2.0 | 2.6 | 11.3% |
| China | 0.1 | 4.9 | 1.8 | 1.4 | 141.0% |
| United States | N/A | 0.2 | 0.3 | 0.6 | 73.2% |
| Germany | N/A | 0.2 | 0.7 | 0.4 | 41.4% |
| Others | N/A | 5.0 | 3.9 | 3.2 | -20.0% |
| Total | 0.1 | 12.4 | 8.7 | 8.2 | 334.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Bahrain in 2022:
- United Arab Emirates (1026.0 kg)
- United States (659.0 kg)
- China (448.0 kg)
- Germany (149.0 kg)
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