Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Tanzania - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Tanzania (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Tanzania
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Tanzania (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $6,356 per ton, surging by 270% against the previous year. Overall, the import price posted significant growth. The pace of growth appeared the most rapid in 2019 an increase of 297%. The import price peaked in 2022 and is likely to see steady growth in the near future.
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 India ($6,251 per ton), while the price for China ($574 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.5%), 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 Tanzania
After three years of growth, purchases abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -85.3% to 29 tons in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 323%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses fell markedly to $183K in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 113% against the previous year. As a result, imports attained the peak of $337K, and then fell significantly in the following year.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Tanzania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 34.5 | 28.1 | 41.8 | 49.4 | 12.7% |
South Africa | 8.3 | 43.5 | 58.7 | 39.3 | 67.9% |
China | 1.4 | 1.8 | 2.7 | 2.3 | 18.0% |
Turkey | 2.0 | 1.7 | 1.6 | 0.6 | -33.1% |
Kenya | 0.5 | 0.5 | 0.6 | 0.4 | -7.2% |
France | N/A | N/A | 2.9 | N/A | 0% |
Singapore | N/A | 10.6 | N/A | N/A | 0% |
Others | 34.6 | 71.7 | 229 | 91.2 | 38.1% |
Total | 81.4 | 158 | 337 | 183 | 31.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Tanzania in 2022:
- South Africa (16.1 tons)
- India (7.9 tons)
- China (3.9 tons)
- Kenya (0.4 tons)
- Turkey (0.3 tons)
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