Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Nepal - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Nepal (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Nepal
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Nepal (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $773 per ton in 2022, increasing by 30% against the previous year. In general, the import price showed temperate growth. The pace of growth was the most pronounced in 2017 an increase of 60% against the previous year. Over the period under review, average import prices hit record highs at $1,026 per ton in 2019; however, from 2020 to 2022, 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 Singapore ($1,075 per ton), while the price for China ($351 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.2%), 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 Nepal
In 2022, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Nepal soared to 46 tons, growing by 24% against 2021 figures. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2020 indices. As a result, imports reached 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 $35K in 2022. Over the period under review, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +3.7% 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.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Nepal (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 18.3 | 12.9 | 6.1 | 14.9 | -6.6% |
Singapore | 2.3 | 3.8 | 5.4 | 6.4 | 40.7% |
Norway | 4.9 | 3.0 | 4.8 | 4.9 | 0.0% |
India | 3.0 | 2.5 | 2.5 | 4.5 | 14.5% |
China | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
Others | 3.1 | 2.8 | 2.8 | 4.5 | 13.2% |
Total | 31.8 | 25.3 | 22.0 | 35.5 | 3.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Nepal in 2022:
- Belgium (14.4 tons)
- India (9.5 tons)
- Singapore (6.0 tons)
- Norway (5.8 tons)
- China (0.8 tons)
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