Price for Inorganic Acids; Other than Hydrogen Fluoride in Egypt - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Egypt (CIF) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in Egypt
Price for Inorganic Acids; Other than Hydrogen Fluoride in Egypt (CIF) - 2022
In 2022, the average import price for inorganic acids; other than hydrogen fluorides amounted to $2,308 per ton, increasing by 48% against the previous year. Overall, the import price posted a buoyant increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 57% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($2,308 per ton) and Indonesia ($2,308 per ton), while the price for China ($2,308 per ton) and Switzerland ($2,308 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in Egypt
Imports of inorganic acids; other than hydrogen fluorides into Egypt soared to 165 tons in 2022, increasing by 73% compared with 2021. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.3% against 2020 indices.
In value terms, imports of inorganic acids; other than hydrogen fluorides surged to $380K in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.0 | 164 | 73.7 | 301 | 108.9% |
| Indonesia | 52.4 | 39.3 | N/A | 34.4 | -13.1% |
| Switzerland | N/A | 2.6 | 2.5 | 21.3 | 186.2% |
| India | N/A | 0.8 | 26.1 | 9.9 | 251.8% |
| Germany | N/A | 10.5 | 4.7 | 7.2 | -17.2% |
| Norway | N/A | N/A | 26.2 | N/A | 0% |
| Others | 17.8 | 5.5 | 15.9 | 6.9 | -27.1% |
| Total | 103 | 223 | 149 | 380 | 54.5% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Egypt in 2022:
- China (130.2 tons)
- Indonesia (14.9 tons)
- Switzerland (9.2 tons)
- India (4.3 tons)
- Germany (3.1 tons)
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