Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United Arab Emirates - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United Arab Emirates (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United Arab Emirates (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United Arab Emirates
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United Arab Emirates
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United Arab Emirates (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $2,581 per ton in 2022, falling by -20.2% against the previous year. Over the period under review, the import price showed a noticeable decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 60%. The import price peaked at $4,711 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Singapore ($24,555 per ton), while the price for Oman ($1,090 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+25.9%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $4,226 per ton, surging by 81% against the previous year. Over the period under review, the export price recorded a strong increase. The export price peaked at $5,828 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($8,593 per ton), while the average price for exports to Oman ($1,215 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 Oman (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United Arab Emirates
After two years of decline, overseas purchases of acids; saturated acyclic monocarboxylic acids; esters of formic acids increased by 283% to 152 tons in 2022. Over the period under review, imports, however, faced a deep reduction.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids skyrocketed to $393K in 2022. In general, imports, however, showed a precipitous decrease.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 843 | 110 | 54.8 | 213 | -36.8% |
| Singapore | 86.5 | 14.8 | 45.6 | 87.9 | 0.5% |
| China | 28.3 | 2.7 | 12.9 | 48.6 | 19.8% |
| United Kingdom | 8.6 | 0.7 | 8.2 | 7.8 | -3.2% |
| Oman | 2.8 | 0.4 | 2.6 | 4.6 | 18.0% |
| Others | 7.9 | 1.5 | 4.4 | 30.7 | 57.2% |
| Total | 977 | 131 | 129 | 393 | -26.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to the United Arab Emirates in 2022:
- United States (98.8 tons)
- China (36.5 tons)
- United Kingdom (5.9 tons)
- Oman (4.2 tons)
- Singapore (3.6 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United Arab Emirates
In 2022, approx. 75 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were exported from the United Arab Emirates; falling by -27.8% compared with 2021 figures. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 9.7% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $316K in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 18.5 | 55.6 | 25.0 | 53.0 | 42.0% |
| Oman | 113 | 89.4 | 31.5 | 48.3 | -24.7% |
| Pakistan | 5.7 | 25.8 | 8.8 | 10.8 | 23.7% |
| Thailand | 77.9 | N/A | 169 | N/A | 47.3% |
| Ghana | 13.0 | N/A | N/A | N/A | 0% |
| Others | 2.3 | 14.3 | 6.8 | 203 | 345.2% |
| Total | 230 | 185 | 241 | 316 | 11.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from the United Arab Emirates in 2022:
- Oman (39.7 tons)
- Iran (32.9 tons)
- Pakistan (1.3 tons)
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