Croatia - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzoic Acid Price in Croatia - 2023
Contents:
- Benzoic Acid Price in Croatia (CIF) - 2023
- Benzoic Acid Price in Croatia (FOB) - 2022
- Benzoic Acid Imports in Croatia
- Benzoic Acid Exports in Croatia
Benzoic Acid Price in Croatia (CIF) - 2023
In June 2023, the average benzoic acid import price amounted to $2,403 per ton, waning by -6.2% against the previous month. Over the period under review, the import price, however, posted a moderate expansion. The growth pace was the most rapid in January 2023 when the average import price increased by 3,572% month-to-month. As a result, import price attained the peak level of $82,127 per ton. From February 2023 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Slovenia ($4,261 per ton), while the price for China ($1,990 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Benzoic Acid Price in Croatia (FOB) - 2022
The average benzoic acid export price stood at $4,167 per ton in 2022, rising by 41% against the previous year. Overall, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 42% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($5,552 per ton), while the average price for exports to Slovenia amounted to $3,014 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+11.8%).
Benzoic Acid Imports in Croatia
After two years of decline, purchases abroad of benzoic acid, its salts and esters increased by 74% to 490 tons in 2022. Over the period under review, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, benzoic acid imports surged to $1.1M in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Benzoic Acid in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 354 | 237 | 324 | 729 | 27.2% |
| India | 0.7 | 130 | 84.9 | 164 | 516.5% |
| Austria | 18.3 | 5.3 | 22.5 | 57.5 | 46.5% |
| China | 29.6 | 57.4 | 0.2 | 40.8 | 11.3% |
| Slovenia | 10.4 | 5.0 | 54.6 | 33.5 | 47.7% |
| Romania | 1.3 | 25.0 | 62.8 | 22.6 | 159.1% |
| Others | 41.4 | 88.3 | 63.0 | 48.6 | 5.5% |
| Total | 455 | 549 | 612 | 1,095 | 34.0% |
Top Suppliers of Benzoic Acid to Croatia in 2022:
- Netherlands (367.9 tons)
- India (41.9 tons)
- Austria (27.4 tons)
- China (18.1 tons)
- Slovenia (14.9 tons)
- Romania (9.5 tons)
Benzoic Acid Exports in Croatia
In 2022, overseas shipments of benzoic acid, its salts and esters decreased by -9.7% to 14 tons, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year. As a result, the exports reached the peak of 31 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, benzoic acid exports surged to $58K in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 52%. As a result, the exports reached the peak of $71K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Benzoic Acid in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 34.5 | 46.7 | 21.2 | 35.1 | 0.6% |
| Bosnia and Herzegovina | 12.1 | 22.0 | 11.5 | 9.7 | -7.1% |
| Others | 0.3 | 2.4 | 12.4 | 12.7 | 248.5% |
| Total | 46.8 | 71.0 | 45.1 | 57.5 | 7.1% |
Top Export Markets for Benzoic Acid from Croatia in 2022:
- Slovenia (11.7 tons)
- Bosnia and Herzegovina (1.7 tons)
This report provides an in-depth analysis of the benzoic acid market in Croatia. 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 20143363 - Benzoic acid, its salts and esters
Country coverage:
- Croatia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Croatia
- 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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