Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Sudan - 2022
Contents:
- Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Sudan (CIF) - 2022
- Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Sudan
Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Sudan (CIF) - 2022
The average import price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses stood at $408 per ton in 2022, growing by 8.7% against the previous year. In general, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 20%. Over the period under review, average import prices attained the maximum at $1,775 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to -1.5% per year.
Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Sudan
In 2022, after three years of growth, there was significant decline in purchases abroad of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses, when their volume decreased by -7% to 252 tons. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year.
In value terms, imports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses reached $103K in 2022. Overall, imports showed a slight contraction.
Import of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Sudan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 106 | 104 | 102 | 102 | -1.3% |
Others | 0.6 | 0.4 | 0.2 | 0.4 | -12.6% |
Total | 106 | 104 | 102 | 103 | -1.0% |
Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters to Sudan in 2022:
- China (251.9 tons)
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Global demand for polycarboxylic acids is projected to increase over the next seven years, with market volume expected to reach 32M tons by 2030. Market performance is forecasted to expand with an anticipated CAGR of +1.8% from 2023 to 2030, reaching a market value of $42.3B by the end of 2030. Key consuming countries include the United States, China, and India, with Belgium showing the highest rates of growth in consumption.
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