Salicylic Acid Price in Bolivia - 2022
Contents:
Salicylic Acid Price in Bolivia (CIF) - 2022
The average salicylic acid import price stood at $6,102 per ton in 2022, rising by 3.7% against the previous year. Overall, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 129% against the previous year. As a result, import price reached the peak level of $12,350 per ton. From 2019 to 2022, the average 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 China ($6,125 per ton), while the price for the United States ($1,876 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced a decline.
Salicylic Acid Imports in Bolivia
For the fourth consecutive year, Bolivia recorded growth in supplies from abroad of salicylic acid and its salts, which increased by 6.9% to 6.6 tons in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.0% 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 +81.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, salicylic acid imports rose markedly to $41K in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 18%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Salicylic Acid in Bolivia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 25.7 | 27.4 | 18.5 | 20.2 | -7.7% |
| China | 5.8 | 9.9 | 17.3 | 14.2 | 34.8% |
| United States | N/A | N/A | 0.5 | 0.2 | -60.0% |
| Others | 0.1 | 0.1 | 0.3 | 5.9 | 289.3% |
| Total | 31.6 | 37.4 | 36.6 | 40.5 | 8.6% |
Top Suppliers of Salicylic Acid to Bolivia in 2022:
- India (4.2 tons)
- China (2.3 tons)
- United States (0.1 tons)
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