Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Iraq - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Iraq (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Iraq
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Iraq (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $441 per ton in 2022, with an increase of 35% against the previous year. Overall, the import price, however, showed a noticeable reduction. The import price peaked at $823 per ton in 2014; however, from 2015 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 Turkey ($1,650 per ton), while the price for Iran ($360 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.9%), 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 Iraq
Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Iraq fell rapidly to 247 tons in 2022, with a decrease of -79.5% compared with 2021 figures. Over the period under review, imports faced a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 5,391% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses reduced remarkably to $109K in 2022. Overall, imports faced a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 3,598% against the previous year.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Iraq (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iran | 449 | 8.4 | 370 | 82.7 | -43.1% |
Turkey | 2.4 | 0.1 | 5.0 | 21.5 | 107.7% |
United Arab Emirates | 181 | 0.9 | 9.7 | 2.7 | -75.4% |
China | 117 | 1.0 | 7.1 | 1.9 | -74.7% |
Others | 4.1 | 0.3 | 2.2 | 0.2 | -63.5% |
Total | 752 | 10.7 | 394 | 109 | -47.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Iraq in 2022:
- Iran (229.5 tons)
- Turkey (13.0 tons)
- China (2.3 tons)
- United Arab Emirates (2.2 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Iraq.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Iraq.
This report provides an in-depth analysis of the market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids in Iraq.
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