Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Morocco - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Morocco (CIF) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Morocco
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Morocco (CIF) - 2022
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $2,924 per ton in 2022, with an increase of 29% against the previous year. Overall, the import price posted pronounced growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 UK ($5,695 per ton), while the price for the United Arab Emirates ($2,256 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Morocco
In 2022, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses into Morocco declined to 134 tons, falling by -6.9% compared with the year before. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 112%. As a result, imports reached the peak of 144 tons, and then reduced in the following year.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses surged to $392K in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 171%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 32.0 | 22.1 | 45.7 | 114 | 52.7% |
| France | 25.5 | 43.0 | 72.8 | 98.7 | 57.0% |
| China | 4.5 | 9.9 | 31.5 | 75.4 | 155.9% |
| United Kingdom | N/A | N/A | N/A | 43.3 | 0% |
| Germany | 0.2 | 20.0 | 63.4 | 42.8 | 498.1% |
| United Arab Emirates | N/A | N/A | N/A | 18.0 | 0% |
| Spain | 3.6 | 1.0 | 6.9 | N/A | 38.4% |
| Belgium | 6.4 | 8.8 | 52.2 | N/A | 185.6% |
| Netherlands | 5.4 | 13.3 | 52.1 | N/A | 210.6% |
| Saudi Arabia | 105 | N/A | N/A | N/A | 0% |
| Others | 2.0 | 2.1 | 1.6 | 0.1 | -63.2% |
| Total | 184 | 120 | 326 | 392 | 28.7% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Morocco in 2022:
- Russia (36.8 tons)
- France (32.0 tons)
- China (32.0 tons)
- Germany (17.7 tons)
- United Arab Emirates (8.0 tons)
- United Kingdom (7.6 tons)
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