Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Morocco - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Morocco (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Morocco (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Morocco
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Morocco
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Morocco (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $899 per ton in 2022, jumping by 35% against the previous year. Overall, the import price continues to indicate a slight increase. The most prominent rate of growth was recorded in 2018 an increase of 100% against the previous year. As a result, import price attained the peak level of $1,267 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 Germany ($1,856 per ton), while the price for China ($405 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Morocco (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $1,171 per ton, reducing by -6.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $1,833 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Mauritania.
From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to -32.9% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Morocco
In 2022, after two years of decline, there was significant growth in purchases abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, when their volume increased by 75% to 1.1K tons. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $946K in 2022. Over the period under review, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 140 | 50.7 | 49.3 | 156 | 3.7% |
| Sweden | 31.3 | 11.1 | 35.5 | 63.1 | 26.3% |
| Italy | 59.9 | 14.1 | 5.5 | 54.6 | -3.0% |
| China | 1.8 | 69.4 | 5.7 | 29.2 | 153.1% |
| Netherlands | 1.1 | 5.8 | 14.8 | 28.6 | 196.2% |
| Turkey | 37.6 | 59.6 | 73.8 | 21.4 | -17.1% |
| Germany | 0.4 | 0.1 | 6.9 | 19.1 | 262.8% |
| Others | 295 | 220 | 208 | 574 | 24.8% |
| Total | 567 | 431 | 399 | 946 | 18.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Morocco in 2022:
- Spain (195.5 tons)
- Sweden (85.8 tons)
- China (72.1 tons)
- Italy (58.2 tons)
- Netherlands (28.3 tons)
- Turkey (21.8 tons)
- Germany (10.3 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Morocco
In 2022, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses from Morocco soared to 82 kg, jumping by 1,950% compared with 2021. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $96 in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | N/A | N/A | N/A | 48.0 | 0% |
| France | N/A | N/A | 5.0 | N/A | 0% |
| United Arab Emirates | 5.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 48.0 | 0% |
| Total | 5.0 | N/A | 5.0 | 96.0 | 167.8% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Morocco in 2022:
- Mauritania (82.0 kg)
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