Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United Arab Emirates - 2022
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United Arab Emirates (CIF) - 2022
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United Arab Emirates (FOB) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United Arab Emirates
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United Arab Emirates
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United Arab Emirates (CIF) - 2022
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $2,001 per ton in 2022, with an increase of 59% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 81%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($2,185 per ton) and South Korea ($2,150 per ton), while the price for Saudi Arabia ($1,665 per ton) and Singapore ($2,014 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United Arab Emirates (FOB) - 2022
The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $2,329 per ton in 2022, rising by 4.7% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses increased by +96.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 88%. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($3,957 per ton), while the average price for exports to Iran ($1,983 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 Turkey (+80.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United Arab Emirates
After three years of growth, purchases abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -80.9% to 5.1K tons in 2022. Overall, imports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 4.2% against the previous year. As a result, imports attained the peak of 27K tons, and then shrank sharply in the following year.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses contracted markedly to $10M in 2022. Over the period under review, imports faced a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 89%. As a result, imports reached the peak of $34M, and then dropped significantly in the following year.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 1.9 | 5.6 | 5.8 | 45.1% |
| South Korea | 0.3 | 0.3 | 0.4 | 1.8 | 81.7% |
| Saudi Arabia | 23.0 | 15.2 | 26.4 | 1.6 | -58.9% |
| Indonesia | N/A | 0.3 | 0.8 | 0.8 | 63.3% |
| Singapore | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.2 | 0.2 | 0.5 | 0.1 | -20.6% |
| Total | 25.5 | 17.9 | 33.8 | 10.3 | -26.1% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to the United Arab Emirates in 2022:
- China (2832.7 tons)
- Saudi Arabia (945.3 tons)
- South Korea (828.4 tons)
- Indonesia (379.3 tons)
- Singapore (105.6 tons)
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United Arab Emirates
In 2022, approx. 490 tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were exported from the United Arab Emirates; with a decrease of -48% compared with the year before. Over the period under review, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 14%.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses reduced rapidly to $1.1M in 2022. Overall, exports recorded a significant decline. The growth pace was the most rapid in 2021 when exports increased by 115% against the previous year.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 1,507 | 566 | 1,412 | 532 | -29.3% |
| Qatar | N/A | N/A | N/A | 275 | 0% |
| Saudi Arabia | N/A | N/A | N/A | 99.6 | 0% |
| Pakistan | 1.2 | 3.4 | 2.5 | 64.4 | 277.2% |
| Jordan | N/A | N/A | N/A | 62.0 | 0% |
| Iraq | N/A | N/A | N/A | 58.3 | 0% |
| Kuwait | N/A | 17.0 | 5.1 | 31.2 | 35.5% |
| Nigeria | 405 | 220 | N/A | N/A | -45.7% |
| India | 95.8 | 116 | 97.6 | N/A | 0.9% |
| Oman | 318 | 10.7 | 8.3 | N/A | -83.8% |
| Turkey | N/A | 20.9 | 550 | N/A | 2531.6% |
| Others | 10.2 | 22.4 | 20.8 | 18.9 | 22.8% |
| Total | 2,337 | 976 | 2,096 | 1,142 | -21.2% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from the United Arab Emirates in 2022:
- Iran (268.4 tons)
- Qatar (103.1 tons)
- Pakistan (25.3 tons)
- Saudi Arabia (25.2 tons)
- Jordan (24.0 tons)
- Iraq (22.2 tons)
- Kuwait (10.9 tons)
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