Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United Arab Emirates - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United Arab Emirates (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United Arab Emirates (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United Arab Emirates
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United Arab Emirates
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United Arab Emirates (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,194 per ton in 2022, rising by 75% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $1,281 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,247 per ton), while the price for Oman ($152 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United Arab Emirates (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $507 per ton in 2022, increasing by 9.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 71% against the previous year. As a result, the export price reached the peak level of $1,862 per ton. From 2019 to 2022, 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 Saudi Arabia ($839 per ton), while the average price for exports to South Africa ($260 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (-3.5%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United Arab Emirates
In 2022, approx. 1.1K tons of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were imported into the United Arab Emirates; waning by -77.6% compared with 2021. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 716%. As a result, imports reached the peak of 4.8K tons, and then fell remarkably in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses declined notably to $1.3M in 2022. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 833% against the previous year. As a result, imports attained the peak of $3.3M, and then dropped markedly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 168 | 193 | 1,636 | 488 | 42.7% |
| China | 88.8 | 48.3 | 720 | 283 | 47.2% |
| Germany | 15.9 | 15.3 | 15.3 | 74.4 | 67.3% |
| Oman | 2.3 | 2.3 | 17.9 | 4.8 | 27.8% |
| Saudi Arabia | 2.4 | 2.3 | 17.1 | 0.5 | -40.7% |
| Others | 204 | 88.1 | 850 | 430 | 28.2% |
| Total | 481 | 349 | 3,257 | 1,281 | 38.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to the United Arab Emirates in 2022:
- South Africa (504.4 tons)
- China (226.7 tons)
- Germany (69.8 tons)
- Oman (31.6 tons)
- Saudi Arabia (1.5 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United Arab Emirates
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; salts of formic acidses exported from the United Arab Emirates soared to 159 tons, increasing by 1,290% against 2021 figures. Over the period under review, exports continue to indicate 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 soared to $80K in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 5.9 | 12.7 | 1.6 | 15.8 | 38.9% |
| Saudi Arabia | 3.4 | 0.2 | 0.3 | 1.4 | -25.6% |
| Iran | 0.9 | 1.2 | 0.6 | 1.1 | 6.9% |
| South Africa | N/A | N/A | N/A | 1.1 | 0% |
| Iraq | 3.0 | 1.7 | 0.1 | 0.7 | -38.4% |
| Oman | 1.7 | 0.2 | N/A | 0.6 | -29.3% |
| Kuwait | 0.2 | 0.4 | 0.1 | 0.5 | 35.7% |
| India | 0.1 | 3.3 | N/A | 0.2 | 26.0% |
| Others | 11.0 | 7.8 | 2.6 | 59.1 | 75.1% |
| Total | 26.2 | 27.6 | 5.3 | 80.5 | 45.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from the United Arab Emirates in 2022:
- Pakistan (34.0 tons)
- South Africa (4.4 tons)
- Iran (3.5 tons)
- Iraq (2.5 tons)
- Saudi Arabia (1.7 tons)
- Kuwait (1.3 tons)
- Oman (1.2 tons)
- India (0.4 tons)
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