
France - Carboxylic Acid With Alcohol, Phenol, Aldehyde Or Ketone Functions - Market Analysis, Forecast, Size, Trends And Insights
Carboxylic Acid Price in France Increases Dramatically to $8,973 per Ton
France Carboxylic Acid Import Price in November 2022
In November 2022, the carboxylic acid price amounted to $8,973 per ton (CIF, France), with an increase of 27% against the previous month. Over the period from January 2022 to November 2022, it increased at an average monthly rate of +2.0%. Over the period under review, average import prices attained the maximum at $9,533 per ton in September 2022; however, from October 2022 to November 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was India ($34,610 per ton), while the price for Belgium ($3,492 per ton) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
France Carboxylic Acid Imports
Carboxylic acid imports into France fell to 4K tons in November 2022, reducing by -8.1% on the previous month. Overall, imports continue to indicate a mild contraction. The pace of growth was the most pronounced in September 2022 with an increase of 15% month-to-month. Over the period under review, imports hit record highs at 4.6K tons in June 2022; however, from July 2022 to November 2022, imports stood at a somewhat lower figure.
In value terms, carboxylic acid imports soared to $36M (IndexBox estimates) in November 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when imports increased by 32% month-to-month. As a result, imports attained the peak of $42M. From October 2022 to November 2022, the growth of imports failed to regain momentum.
France Carboxylic Acid Imports by Country
Germany (797 tons), Belgium (753 tons) and the Netherlands (659 tons) were the main suppliers of carboxylic acid imports to France, together accounting for 55% of total imports.
From January 2022 to November 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +6.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest carboxylic acid suppliers to France were India ($8.1M), China ($6.1M) and Germany ($5.1M), together accounting for 54% of total imports. the United States, Belgium, the Netherlands, Spain, Italy and South Korea lagged somewhat behind, together accounting for a further 36%.
the United States, with a CAGR of +10.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Carboxylic Acid Market Overview
Factors that affect the price of carboxylic acid include the source of the raw material (i.e., petrochemicals or naturally derived), the purity of the product and the location of the manufacturing facility. Additionally, the demand for the product, availability of substitutes and the cost of transportation can also influence the price of carboxylic acid in France.
This market is mainly driven by the increasing demand for these chemicals across a wide range of industrial applications such as electronics, detergents and textiles. Additionally, the availability of raw materials, the development of innovative processes and the growing demand for biodegradable products are also contributing to the strong market growth in France.
This report provides an in-depth analysis of the carboxylic acid market in France. 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.
Making Data-Driven Decisions to Grow Your Business
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Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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The Largest Producers on The Market and Their Profiles
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