Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Bangladesh - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Bangladesh (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Bangladesh
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Bangladesh (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $800 per ton in 2022, rising by 22% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 22%. Over the period under review, average import prices hit record highs at $824 per ton in 2014; however, from 2015 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 Norway ($1,877 per ton), while the price for China ($324 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+9.2%), 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 Bangladesh
Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Bangladesh fell rapidly to 1.4K tons in 2022, declining by -42% compared with 2021 figures. Overall, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 99%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses fell dramatically to $1.1M in 2022. Over the period under review, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 65%.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 274 | 444 | 475 | 472 | 19.9% |
Spain | 400 | 254 | 569 | 443 | 3.5% |
Singapore | N/A | N/A | N/A | 89.7 | 0% |
India | 61.4 | 57.3 | 240 | 47.2 | -8.4% |
China | 716 | 29.9 | 21.6 | 22.6 | -68.4% |
Belgium | 147 | 127 | 117 | 4.5 | -68.7% |
Taiwan (Chinese) | 9.6 | 17.1 | 25.8 | N/A | 63.9% |
Netherlands | N/A | N/A | 130 | N/A | 0% |
Others | 104 | 35.1 | 8.9 | 38.3 | -28.3% |
Total | 1,712 | 964 | 1,588 | 1,118 | -13.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Bangladesh in 2022:
- Spain (952.6 tons)
- Norway (251.6 tons)
- China (69.9 tons)
- Singapore (59.9 tons)
- India (49.8 tons)
- Belgium (3.4 tons)
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