Greece - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzoic Acid Price in Greece - 2023
Contents:
- Benzoic Acid Price in Greece (CIF) - 2022
- Benzoic Acid Price in Greece (FOB) - 2022
- Benzoic Acid Imports in Greece
- Benzoic Acid Exports in Greece
Benzoic Acid Price in Greece (CIF) - 2022
In 2022, the average benzoic acid import price amounted to $3,109 per ton, picking up by 16% against the previous year. Overall, the import price enjoyed measured growth. The growth pace was the most rapid in 2015 an increase of 219%. As a result, import price attained the peak level of $8,762 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($24,097 per ton), while the price for Cyprus ($2,085 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Benzoic Acid Price in Greece (FOB) - 2022
The average benzoic acid export price stood at $2,842 per ton in 2022, shrinking by -3.6% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, benzoic acid export price increased by +75.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 48%. Over the period under review, the average export prices attained the maximum at $2,950 per ton in 2021, and then dropped in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($3,686 per ton) and Albania ($2,970 per ton), while the average price for exports to North Macedonia ($2,527 per ton) and Bulgaria ($2,823 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 Cyprus (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Benzoic Acid Imports in Greece
Benzoic acid imports into Greece was estimated at 713 tons in 2022, surging by 8.8% on 2021 figures. The total import volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, benzoic acid imports surged to $2.2M in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Benzoic Acid in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 101 | 125 | 368 | 518 | 72.5% |
| Netherlands | 494 | 520 | 489 | 434 | -4.2% |
| United Kingdom | 146 | 159 | 140 | 271 | 22.9% |
| Italy | 84.6 | 62.5 | 199 | 243 | 42.1% |
| Spain | 37.3 | 12.6 | 48.2 | 185 | 70.5% |
| Germany | 135 | 144 | 116 | 105 | -8.0% |
| Cyprus | 2.7 | N/A | 93.4 | 95.9 | 228.7% |
| Bulgaria | 25.4 | 27.5 | 20.8 | 94.9 | 55.2% |
| Others | 148 | 148 | 280 | 269 | 22.0% |
| Total | 1,173 | 1,199 | 1,755 | 2,216 | 23.6% |
Top Suppliers of Benzoic Acid to Greece in 2022:
- China (236.8 tons)
- Netherlands (206.9 tons)
- Italy (53.0 tons)
- United Kingdom (51.3 tons)
- Cyprus (46.0 tons)
- Spain (36.5 tons)
- Germany (23.8 tons)
- Bulgaria (21.5 tons)
Benzoic Acid Exports in Greece
In 2022, approx. 50 tons of benzoic acid, its salts and esters were exported from Greece; shrinking by -50.3% against the previous year's figure. In general, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 78% against the previous year. As a result, the exports reached the peak of 100 tons, and then fell markedly in the following year.
In value terms, benzoic acid exports shrank rapidly to $141K in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 117%. As a result, the exports attained the peak of $295K, and then dropped rapidly in the following year.
| Export of Benzoic Acid in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 59.3 | 89.4 | 218 | 111 | 23.2% |
| Albania | 7.8 | 4.7 | 4.6 | 12.0 | 15.4% |
| Cyprus | 1.2 | 1.7 | 4.7 | 7.3 | 82.5% |
| North Macedonia | 6.5 | 9.1 | N/A | 7.0 | 2.5% |
| Italy | N/A | N/A | N/A | 4.1 | 0% |
| Romania | N/A | 4.1 | 24.4 | 0.1 | -84.4% |
| Bosnia and Herzegovina | 45.2 | N/A | N/A | N/A | 0% |
| Poland | 13.0 | 23.1 | 43.4 | N/A | 82.7% |
| Others | 5.2 | 3.7 | 0.3 | N/A | -76.0% |
| Total | 138 | 136 | 295 | 141 | 0.7% |
Top Export Markets for Benzoic Acid from Greece in 2022:
- Romania (undefined tons)
- Bulgaria (39.3 tons)
- Albania (4.0 tons)
- North Macedonia (2.8 tons)
- Cyprus (2.5 tons)
- Italy (1.1 tons)
This report provides an in-depth analysis of the benzoic acid market in Greece. 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:
- Greece
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Greece
- 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
- 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
-
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
-
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
-
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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