Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Morocco - 2022
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Morocco (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Morocco
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Morocco (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $39,653 per ton in 2022, waning by -3.5% against the previous year. Overall, the import price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 83%. The import price peaked at $41,090 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($41,055 per ton), while the price for Germany totaled $3,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.7%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Morocco
In 2022, after three years of growth, there was significant decline in overseas purchases of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses, when their volume decreased by -5% to 190 kg. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 12% against the previous year.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses contracted to $7.5K in 2022. The total import value increased at an average annual rate of +9.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20%.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.7 | 6.8 | 8.2 | 7.5 | 9.6% |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.7 | 6.8 | 8.2 | 7.5 | 9.6% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Morocco in 2022:
- United States (183.0 kg)
- Germany (7.0 kg)
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