United Kingdom - Phenylacetic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhenylacetic Acid Price in the UK - 2023
Contents:
- Phenylacetic Acid Price in the UK (FOB) - 2022
- Phenylacetic Acid Price in the UK (CIF) - 2022
- Phenylacetic Acid Exports in the UK
- Phenylacetic Acid Imports in the UK
Phenylacetic Acid Price in the UK (FOB) - 2022
The average phenylacetic acid export price stood at $53,182 per ton in 2022, declining by -11.6% against the previous year. Overall, the export price, however, continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2014 an increase of 43%. Over the period under review, the average export prices hit record highs at $120,392 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($142,113 per ton), while the average price for exports to the United Arab Emirates ($5,461 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.
Phenylacetic Acid Price in the UK (CIF) - 2022
The average phenylacetic acid import price stood at $9,595 per ton in 2022, with a decrease of -22.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 55% against the previous year. The import price peaked at $13,947 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($19,770 per ton), while the price for China ($4,019 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenylacetic Acid Exports in the UK
Phenylacetic acid exports from the UK skyrocketed to 233 tons in 2022, rising by 48% compared with the previous year. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, phenylacetic acid exports soared to $12M in 2022. Over the period under review, exports, however, recorded a abrupt contraction.
Export of Phenylacetic Acid in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 11.7 | 8.5 | 1.3 | 5.2 | -23.7% |
Pakistan | 0.3 | 4.2 | 2.7 | 2.0 | 88.2% |
Italy | 3.1 | 0.1 | 0.1 | 0.8 | -36.3% |
France | 0.6 | 0.2 | 0.8 | 0.6 | 0.0% |
Malaysia | 0.5 | 0.9 | 0.9 | 0.6 | 6.3% |
Turkey | N/A | N/A | 0.6 | 0.5 | -16.7% |
China | 0.4 | 0.9 | 0.6 | 0.5 | 7.7% |
Germany | 0.6 | 0.6 | 0.5 | 0.4 | -12.6% |
United States | 0.6 | 0.9 | 0.2 | 0.4 | -12.6% |
Belgium | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
Thailand | 0.1 | 0.5 | 0.1 | 0.2 | 26.0% |
Indonesia | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
United Arab Emirates | N/A | N/A | 0.1 | N/A | 0% |
Others | 1.4 | 1.4 | 1.4 | 1.0 | -10.6% |
Total | 19.8 | 18.6 | 9.5 | 12.4 | -14.4% |
Top Export Markets for Phenylacetic Acid from the UK in 2022:
- Japan (36.3 tons)
- Italy (33.7 tons)
- Pakistan (30.9 tons)
- Germany (26.6 tons)
- Malaysia (16.4 tons)
- Turkey (12.5 tons)
- Thailand (10.7 tons)
- China (10.1 tons)
- France (9.3 tons)
- United States (8.8 tons)
- United Arab Emirates (8.0 tons)
- Indonesia (6.1 tons)
- Belgium (4.0 tons)
Phenylacetic Acid Imports in the UK
In 2022, phenylacetic acid imports into the UK surged to 1K tons, rising by 44% against 2021. Overall, imports, however, showed a precipitous decline.
In value terms, phenylacetic acid imports totaled $9.7M in 2022. Over the period under review, imports, however, continue to indicate a significant decline. The growth pace was the most rapid in 2020 when imports increased by 28%. As a result, imports attained the peak of $32M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Phenylacetic Acid in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 12.7 | 15.1 | 3.1 | 4.5 | -29.2% |
Germany | 4.8 | 8.9 | 1.8 | 2.3 | -21.7% |
China | 4.6 | 4.4 | 1.9 | 1.6 | -29.7% |
United States | 2.1 | 2.1 | 0.3 | 0.6 | -34.1% |
Netherlands | 0.2 | 0.2 | 0.4 | 0.2 | 0.0% |
France | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
Norway | N/A | 0.1 | 0.3 | 0.1 | 0.0% |
Others | 0.5 | 1.0 | 0.9 | 0.3 | -15.7% |
Total | 24.9 | 31.9 | 8.7 | 9.7 | -27.0% |
Top Suppliers of Phenylacetic Acid to the UK in 2022:
- China (392.5 tons)
- India (353.9 tons)
- Germany (158.6 tons)
- United States (32.6 tons)
- Norway (20.2 tons)
- Netherlands (15.8 tons)
- France (13.5 tons)
This report provides an in-depth analysis of the phenylacetic acid market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143367 - Phenylacetic acid, its salts and esters
- Prodcom 20143370 - Aromatic monocarboxylic acids, (anhydrides), halides, p eroxides, peroxyacids, derivatives excluding benzoic acid, p henylacetic acids their salts/esters, benzoyl peroxide, b enzoyl chloride
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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