Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Saudi Arabia - 2022
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Saudi Arabia (FOB) - 2022
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Saudi Arabia
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Saudi Arabia (FOB) - 2022
The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,487 per ton in 2021, growing by 67% against the previous year. Over the period under review, the export price, however, recorded a mild reduction. The export price peaked at $1,712 per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($2,063 per ton), while the average price for exports to Singapore ($778 per ton) was amongst the lowest.
From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Saudi Arabia
In 2022, approx. 2K tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were exported from Saudi Arabia; falling by -99.4% against 2021. Over the period under review, exports faced a sharp descent. The smallest decline of -3.7% was in 2021.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses fell significantly to $3.9M in 2022. In general, exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. As a result, the exports reached the peak of $478M, and then shrank remarkably in the following year.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| India | 107 | 69.2 | 107 | 0.0% |
| Turkey | 45.4 | 41.9 | 73.7 | 27.4% |
| United Arab Emirates | 23.0 | 15.2 | 26.4 | 7.1% |
| Belgium | 15.2 | 1.8 | 11.6 | -12.6% |
| Egypt | 8.4 | 2.8 | 5.2 | -21.3% |
| Singapore | 8.0 | 3.8 | 3.1 | -37.8% |
| Thailand | 3.2 | 4.6 | 2.6 | -9.9% |
| Others | 224 | 158 | 249 | 5.4% |
| Total | 435 | 297 | 478 | 4.8% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Saudi Arabia in 2022:
- Turkey (52.8K tons)
- India (51.7K tons)
- United Arab Emirates (22.7K tons)
- Belgium (5.7K tons)
- Singapore (4.0K tons)
- Thailand (3.4K tons)
- Egypt (2.7K tons)
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