Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Morocco - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Morocco (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Morocco
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Morocco (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $2,209 per ton, surging by 15% against the previous year. Over the period under review, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 69%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($2,536 per ton) and Saudi Arabia ($2,400 per ton), while the price for Belgium ($1,744 per ton) and the United States ($2,075 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Morocco
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; vinyl acetates imported into Morocco contracted notably to 8.5K tons, reducing by -23.7% against the previous year. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 57%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates declined to $19M in 2022. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 166% against the previous year. As a result, imports reached the peak of $21M, and then declined in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.1 | 1.3 | 3.7 | 9.4 | 64.8% |
| China | 2.5 | 0.9 | 4.6 | 2.8 | 3.8% |
| Saudi Arabia | 1.1 | 0.8 | 0.4 | 2.0 | 22.1% |
| Singapore | 2.3 | 1.7 | 1.6 | 1.5 | -13.3% |
| Germany | N/A | N/A | N/A | 1.5 | 0% |
| Russia | 0.3 | 0.3 | 0.5 | 0.9 | 44.2% |
| Taiwan (Chinese) | 0.2 | 0.9 | 0.6 | N/A | 73.2% |
| Others | 4.5 | 2.1 | 10.0 | 0.6 | -48.9% |
| Total | 13.0 | 8.1 | 21.4 | 18.8 | 13.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Morocco in 2022:
- United States (4.5K tons)
- China (1.2K tons)
- Saudi Arabia (0.8K tons)
- Singapore (0.7K tons)
- Germany (0.6K tons)
- Russia (0.4K tons)
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