United Kingdom - Carboxylic Acid With Alcohol, Phenol, Aldehyde Or Ketone Functions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCarboxylic Acid Price in the UK - 2023
Contents:
- Carboxylic Acid Price in the UK (CIF) - 2023
- Carboxylic Acid Price in the UK (FOB) - 2022
- Carboxylic Acid Imports in the UK
- Carboxylic Acid Exports in the UK
Carboxylic Acid Price in the UK (CIF) - 2023
In June 2023, the average carboxylic acid import price amounted to $5,529 per ton, growing by 32% against the previous month. Over the period under review, import price indicated a temperate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, carboxylic acid import price decreased by -6.4% against April 2023 indices. The pace of growth was the most pronounced in December 2022 when the average import price increased by 36% m-o-m. The import price peaked at $5,905 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($12,156 per ton), while the price for South Africa ($1,749 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 China (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Carboxylic Acid Price in the UK (FOB) - 2022
In 2022, the average carboxylic acid export price amounted to $7,405 per ton, picking up by 5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2018 an increase of 22%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($9,462 per ton), while the average price for exports to Malaysia ($3,897 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 the Netherlands (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Carboxylic Acid Imports in the UK
In 2022, the amount of carboxylic acid with alcohol, phenol, aldehyde or ketone functions imported into the UK contracted sharply to 30K tons, reducing by -15.3% against 2021 figures. In general, imports saw a deep setback. The smallest decline of -2.3% was in 2020.
In value terms, carboxylic acid imports declined sharply to $99M in 2022. Overall, imports saw a abrupt curtailment. The smallest decline of -9.4% was in 2021.
| Import of Carboxylic Acid in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 57.0 | 56.6 | 48.7 | 37.1 | -13.3% |
| China | 26.5 | 21.2 | 21.8 | 15.9 | -15.7% |
| United States | 10.4 | 12.3 | 14.5 | 10.1 | -1.0% |
| Netherlands | 11.6 | 8.6 | 7.8 | 6.4 | -18.0% |
| Italy | 6.8 | 6.4 | 2.7 | 3.6 | -19.1% |
| France | 5.2 | 4.1 | 5.2 | 3.6 | -11.5% |
| South Africa | 3.8 | 3.9 | 3.4 | 2.5 | -13.0% |
| Others | 34.4 | 25.7 | 21.5 | 19.8 | -16.8% |
| Total | 156 | 139 | 126 | 99.1 | -14.0% |
Top Suppliers of Carboxylic Acid to the UK in 2022:
- Germany (13.3K tons)
- China (3.1K tons)
- Netherlands (2.9K tons)
- France (2.4K tons)
- South Africa (1.8K tons)
- Italy (1.5K tons)
- United States (1.3K tons)
Carboxylic Acid Exports in the UK
In 2022, shipments abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions decreased by -7.2% to 16K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 7.2%. As a result, the exports attained the peak of 20K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, carboxylic acid exports declined modestly to $116M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. As a result, the exports attained the peak of $128M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Carboxylic Acid in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 40.8 | 50.5 | 49.4 | 44.6 | 3.0% |
| Australia | 7.0 | 20.0 | 13.6 | 12.3 | 20.7% |
| Germany | 12.1 | 11.9 | 8.9 | 9.8 | -6.8% |
| Netherlands | 5.3 | 6.3 | 9.9 | 8.9 | 18.9% |
| Canada | 8.9 | 4.3 | 8.2 | 7.4 | -6.0% |
| France | 2.9 | 2.6 | 3.6 | 3.2 | 3.3% |
| Argentina | 1.4 | 1.4 | 2.4 | 2.1 | 14.5% |
| Austria | 4.2 | 1.1 | 1.1 | 1.9 | -23.2% |
| Japan | 1.3 | 1.6 | 2.1 | 1.9 | 13.5% |
| Malaysia | 1.8 | 2.9 | 1.2 | 1.8 | 0.0% |
| Spain | 1.5 | 1.8 | 1.7 | 1.5 | 0.0% |
| South Africa | 1.3 | 2.1 | 1.3 | 1.4 | 2.5% |
| Others | 24.4 | 21.8 | 16.0 | 19.5 | -7.2% |
| Total | 113 | 128 | 119 | 116 | 0.9% |
Top Export Markets for Carboxylic Acid from the UK in 2022:
- United States (5.1K tons)
- Netherlands (2.0K tons)
- Australia (1.8K tons)
- Canada (1.2K tons)
- Germany (1.2K tons)
- Malaysia (0.5K tons)
- Austria (0.4K tons)
- Argentina (0.4K tons)
- South Africa (0.3K tons)
- France (0.3K tons)
- Spain (0.3K tons)
- Japan (0.2K tons)
This report provides an in-depth analysis of the carboxylic 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 20143475 - Carboxylic acid with alcohol, phenol, aldehyde or ketone functions
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
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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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