Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uzbekistan - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uzbekistan (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uzbekistan
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uzbekistan (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,486 per ton in 2022, surging by 87% against the previous year. Over the period under review, import price indicated a moderate expansion from 2017 to 2022: its price increased at an average annual rate of +4.8% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($1,719 per ton), while the price for China ($848 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+38.9%), 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 Uzbekistan
Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Uzbekistan dropped to 661 tons in 2022, waning by -10.3% on 2021. In general, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 29%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $983K in 2022. Overall, imports, however, showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Uzbekistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 239 | 195 | 217 | 320 | 10.2% |
Turkey | 82.5 | 51.2 | 61.4 | 50.7 | -15.0% |
Russia | 57.3 | N/A | N/A | N/A | 0% |
Others | 371 | 269 | 306 | 612 | 18.2% |
Total | 750 | 515 | 584 | 983 | 9.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Uzbekistan in 2022:
- China (377.3 tons)
- Turkey (29.5 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Uzbekistan.
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