Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Iraq - 2022
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Iraq (CIF) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Iraq
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Iraq (CIF) - 2022
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,655 per ton in 2022, shrinking by -17.1% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47%. Over the period under review, average import prices hit record highs at $3,049 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 the United Arab Emirates ($1,754 per ton), while the price for Turkey ($929 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.5%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Iraq
In 2022, after two years of decline, there was significant growth in supplies from abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses, when their volume increased by 6.3% to 4.2 tons. Over the period under review, imports, however, recorded a pronounced shrinkage.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses dropped to $7K in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +32.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports reached the peak of $8K, and then dropped in the following year.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 4.4 | 0% |
| China | 4.6 | 5.5 | 7.1 | 2.6 | -17.3% |
| Turkey | 0.7 | 0.5 | 0.8 | N/A | 6.9% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 5.3 | 6.1 | 8.0 | 7.0 | 9.7% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Iraq in 2022:
- United Arab Emirates (2.5 tons)
- China (1.7 tons)
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