Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Saudi Arabia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Saudi Arabia (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Saudi Arabia (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Saudi Arabia
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Saudi Arabia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Saudi Arabia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $225 per ton in 2021, which is down by -29.9% against the previous year. Overall, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 97%. As a result, the export price attained the peak level of $466 per ton. From 2019 to 2021, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($436 per ton), while the average price for exports to Pakistan ($194 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Saudi Arabia (CIF) - 2022
In 2021, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $904 per ton, growing by 8.9% against the previous year. In general, the import price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of 10%. Over the period under review, average import prices reached the maximum at $1,402 per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($945 per ton), while the price for Germany ($772 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.1%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Saudi Arabia
Exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses from Saudi Arabia dropped notably to 10K tons in 2022, shrinking by -58.4% on 2021. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 284% against the previous year. As a result, the exports attained the peak of 24K tons, and then fell markedly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses contracted rapidly to $4.3M in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 169%.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| India | 1,582 | 492 | 1,361 | -7.2% |
| Pakistan | 126 | 4.6 | 766 | 146.6% |
| Djibouti | N/A | N/A | 261 | 0% |
| Japan | 1,484 | 475 | 211 | -62.3% |
| Brazil | N/A | N/A | 87.3 | 0% |
| Others | 3,209 | 1,062 | 2,784 | -6.9% |
| Total | 6,401 | 2,034 | 5,471 | -7.5% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Saudi Arabia in 2022:
- India (6.3K tons)
- Pakistan (4.0K tons)
- Djibouti (1.0K tons)
- Japan (0.6K tons)
- Brazil (0.2K tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Saudi Arabia
Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Saudi Arabia contracted sharply to 5.1K tons in 2021, with a decrease of -43.2% compared with the previous year's figure. Over the period under review, imports showed a sharp shrinkage. The smallest decline of -42.4% was in 2020.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses reduced remarkably to $4.6M in 2021. Overall, imports saw a sharp setback.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| China | 12.6 | 4.5 | 2.7 | -53.7% |
| Sweden | 1.5 | 2.3 | 1.1 | -14.4% |
| Germany | 0.5 | 0.5 | 0.7 | 18.3% |
| Others | 0.1 | 0.1 | N/A | 0.0% |
| Total | 14.7 | 7.5 | 4.6 | -44.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Saudi Arabia in 2022:
- China (2.9K tons)
- Sweden (1.2K tons)
- Germany (0.9K tons)
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