Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Angola - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Angola (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Angola
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Angola (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $5,176 per ton, with an increase of 6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 an increase of 49%. As a result, import price attained the peak level of $6,114 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($5,451 per ton), while the price for the United States stood at $5,156 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.9%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Angola
For the fourth consecutive year, Angola recorded growth in overseas purchases of acids; saturated acyclic monocarboxylic acids; esters of formic acids, which increased by 15% to 3.8 tons in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.4% 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 +53.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 15%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids skyrocketed to $20K in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.0 | 11.6 | 14.5 | 18.2 | 26.5% |
| Netherlands | 1.3 | 1.3 | 1.4 | 1.4 | 2.5% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 10.5 | 12.9 | 15.9 | 19.6 | 23.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Angola in 2022:
- United States (3.5 tons)
- Netherlands (0.3 tons)
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