Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Iran - 2022
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Iran (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Iran
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Iran (CIF) - 2022
In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $10,260 per ton, waning by -6.5% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% 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; aromatic monocarboxylic acids, phenylacetic acid and its saltses increased by +120.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 81% against the previous year. Over the period under review, average import prices reached the maximum at $10,977 per ton in 2021, and then shrank in the following year.
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 ($18,888 per ton), while the price for France amounted to $1,445 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%).
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Iran
In 2022, overseas purchases of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses increased by 7.6% to 2.2 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt downturn.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $23K in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.2 | 23.0 | 20.8 | 21.3 | -2.8% |
| France | N/A | N/A | 1.9 | 1.6 | -15.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 23.2 | 23.0 | 22.7 | 22.9 | -0.4% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Iran in 2022:
- China (1.1 tons)
- France (1.1 tons)
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