Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Pakistan - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Pakistan (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Pakistan
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Pakistan (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $2,061 per ton in 2022, reducing by -14.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 126% against the previous year. Over the period under review, average import prices attained the maximum at $4,779 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,440 per ton), while the price for China ($1,708 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Pakistan
In 2022, approx. 52 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were imported into Pakistan; with an increase of 42% on 2021. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 147% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $107K in 2022. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 106% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 1.2 | 12.6 | 8.1 | 53.0 | 253.5% |
China | 20.8 | 9.1 | 33.4 | 40.0 | 24.4% |
Spain | 4.5 | 6.9 | 40.9 | 10.8 | 33.9% |
Germany | 14.0 | 14.1 | 0.1 | 3.3 | -38.2% |
India | 10.1 | N/A | N/A | N/A | 0% |
United Arab Emirates | 9.2 | N/A | N/A | N/A | 0% |
Mexico | 8.3 | N/A | N/A | N/A | 0% |
Others | 4.5 | 0.1 | 5.8 | 0.2 | -64.6% |
Total | 72.6 | 42.9 | 88.4 | 107 | 13.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Pakistan in 2022:
- China (23.4 tons)
- Italy (21.9 tons)
- Spain (6.1 tons)
- Germany (0.6 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Pakistan.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Pakistan.
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This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in Pakistan.
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This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Pakistan.
This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters in Pakistan.
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This report provides an in-depth analysis of the acetic anhydride market in Pakistan.
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