Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Egypt - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Egypt (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Egypt
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Egypt (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $2,205 per ton, jumping by 26% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates increased by +108.6% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($2,205 per ton) and South Korea ($2,205 per ton), while the price for Saudi Arabia ($2,205 per ton) and China ($2,205 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Egypt
Imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates into Egypt shrank notably to 13K tons in 2022, waning by -37.7% on the previous year. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 78%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates shrank dramatically to $30M in 2022. Over the period under review, imports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of 122% against the previous year. As a result, imports attained the peak of $38M, and then shrank rapidly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 14.3 | 9.0 | 10.2 | 21.1 | 13.8% |
| South Korea | 0.4 | 0.7 | 3.6 | 5.2 | 135.1% |
| United States | 1.5 | 1.3 | 14.1 | 2.5 | 18.6% |
| China | 4.6 | 1.3 | 1.2 | 0.6 | -49.3% |
| Belgium | 0.9 | 0.5 | 0.1 | 0.1 | -51.9% |
| Germany | 0.4 | 0.4 | 0.6 | N/A | 22.5% |
| India | 0.3 | 0.8 | 0.6 | N/A | 41.4% |
| Singapore | 2.9 | 0.5 | 1.6 | N/A | -25.7% |
| Taiwan (Chinese) | 2.3 | 1.8 | 2.2 | N/A | -2.2% |
| Others | 0.8 | 0.8 | 3.7 | 0.2 | -37.0% |
| Total | 28.4 | 17.1 | 37.9 | 29.7 | 1.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Egypt in 2022:
- Saudi Arabia (9.6K tons)
- South Korea (2.4K tons)
- United States (1.1K tons)
- China (0.3K tons)
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