Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Ethiopia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Ethiopia (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Ethiopia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Ethiopia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $3,299 per ton in 2022, falling by -9.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the peak figure at $3,661 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($5,451 per ton), while the price for Germany ($2,512 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Ethiopia
After three years of growth, purchases abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses decreased by -18.9% to 31 tons in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.3% 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 +23.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. As a result, imports attained the peak of 38 tons, and then declined dramatically in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses shrank notably to $101K in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 68%. As a result, imports reached the peak of $139K, and then shrank remarkably in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 41.5 | 41.2 | 8.3 | 51.1 | 7.2% |
| Belgium | N/A | N/A | N/A | 27.5 | 0% |
| Germany | 2.9 | 1.5 | 15.6 | 11.9 | 60.1% |
| China | 14.0 | 2.4 | 62.8 | 5.5 | -26.8% |
| United Arab Emirates | N/A | N/A | 7.0 | 5.3 | -24.3% |
| Spain | N/A | N/A | 31.6 | N/A | 0% |
| India | N/A | 37.2 | 0.6 | N/A | -98.4% |
| Others | N/A | N/A | 12.8 | N/A | 0% |
| Total | 58.3 | 82.3 | 139 | 101 | 20.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Ethiopia in 2022:
- United States (16.9 tons)
- Belgium (6.0 tons)
- Germany (4.8 tons)
- United Arab Emirates (2.1 tons)
- China (1.0 tons)
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