Report Update: May 1, 2024

Denmark - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights

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Benzoic Acid Price in Denmark - 2023

Benzoic Acid Price in Denmark (CIF) - 2023

In June 2023, the average benzoic acid import price amounted to $2,564 per ton, remaining stable against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +3.4%. The growth pace was the most rapid in January 2023 when the average import price increased by 32% m-o-m. As a result, import price reached the peak level of $2,620 per ton; afterwards, it flattened through to June 2023.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Sweden ($2,792 per ton), while the price for the Netherlands totaled $2,533 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Benzoic Acid Price in Denmark (FOB) - 2022

The average benzoic acid export price stood at $2,025 per ton in 2022, increasing by 9.6% against the previous year. In general, the export price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2020 an increase of 24% against the previous year. The export price peaked at $3,008 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($2,286 per ton) and Sweden ($2,193 per ton), while the average price for exports to Slovakia ($1,761 per ton) and Norway ($1,843 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Benzoic Acid Imports in Denmark

In 2022, after three years of growth, there was significant decline in supplies from abroad of benzoic acid, its salts and esters, when their volume decreased by -12.7% to 6.8K tons. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of 7.8K tons, and then shrank in the following year.

In value terms, benzoic acid imports dropped modestly to $13M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, imports attained the peak of $13M, leveling off in the following year.

Import of Benzoic Acid in Denmark (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	7.3	8.9	11.9	11.4	16.0%
China	0.2	0.2	0.3	0.5	35.7%
Sweden	0.2	0.3	0.3	0.3	14.5%
Germany	0.4	0.2	0.2	0.3	-9.1%
Others	0.1	0.1	0.1	0.2	26.0%
Total	8.1	9.6	12.7	12.7	16.2%

Top Suppliers of Benzoic Acid to Denmark in 2022:

Netherlands (6.3K tons)
China (0.2K tons)
Germany (0.1K tons)
Sweden (0.1K tons)

Benzoic Acid Exports in Denmark

In 2022, overseas shipments of benzoic acid, its salts and esters decreased by -1.2% to 536 tons, falling for the second consecutive year after two years of growth. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -1.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 48% against the previous year. As a result, the exports reached the peak of 546 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, benzoic acid exports rose rapidly to $1.1M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.9% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 84%. As a result, the exports reached the peak of $1.2M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Benzoic Acid in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	N/A	111	310	304	65.5%
Sweden	257	386	302	290	4.1%
Norway	179	590	251	218	6.8%
Germany	81.1	18.2	6.2	98.9	6.8%
Latvia	62.1	23.7	72.1	86.2	11.6%
Finland	4.9	3.6	3.2	53.2	121.4%
Slovenia	22.1	65.6	21.9	15.0	-12.1%
Others	47.9	6.3	34.8	20.3	-24.9%
Total	654	1,204	1,002	1,085	18.4%

Top Export Markets for Benzoic Acid from Denmark in 2022:

Ukraine (152.5 tons)
Sweden (132.3 tons)
Norway (118.2 tons)
Latvia (46.5 tons)
Germany (43.3 tons)
Finland (26.5 tons)
Slovenia (7.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the benzoic acid market in Denmark. 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:

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023