Canada - Phenylacetic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhenylacetic Acid Price in Canada - 2023
Contents:
- Phenylacetic Acid Price in Canada (CIF) - 2022
- Phenylacetic Acid Price in Canada (FOB) - 2022
- Phenylacetic Acid Imports in Canada
- Phenylacetic Acid Exports in Canada
Phenylacetic Acid Price in Canada (CIF) - 2022
The average phenylacetic acid import price stood at $15,872 per ton in 2022, falling by -8.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2020 an increase of 54% against the previous year. As a result, import price attained the peak level of $18,511 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
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 Germany ($77,580 per ton), while the price for South Korea ($4,839 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenylacetic Acid Price in Canada (FOB) - 2022
In 2022, the average phenylacetic acid export price amounted to $12,178 per ton, shrinking by -20.2% against the previous year. In general, the export price faced a sharp slump. The most prominent rate of growth was recorded in 2015 an increase of 216% against the previous year. The export price peaked at $210,964 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($26,825 per ton), while the average price for exports to Brazil ($8,666 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 France (+0.1%), while the prices for the other major destinations experienced a decline.
Phenylacetic Acid Imports in Canada
In 2022, approx. 586 tons of phenylacetic acid, its salts and esters were imported into Canada; picking up by 14% on 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt shrinkage.
In value terms, phenylacetic acid imports expanded slightly to $9.3M in 2022. Overall, imports, however, recorded a perceptible decline.
| Import of Phenylacetic Acid in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.4 | 3.4 | 3.8 | 3.6 | -12.6% |
| Germany | N/A | 2.3 | 2.4 | 2.1 | -4.4% |
| China | 2.3 | 1.4 | 1.0 | 1.3 | -17.3% |
| France | 0.6 | 1.3 | 0.7 | 0.8 | 10.1% |
| India | 1.4 | 0.3 | 0.1 | 0.5 | -29.1% |
| Brazil | 0.1 | N/A | 0.2 | 0.2 | 26.0% |
| South Korea | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
| Others | 0.5 | 0.1 | 0.7 | 0.7 | 11.9% |
| Total | 10.5 | 9.0 | 8.9 | 9.3 | -4.0% |
Top Suppliers of Phenylacetic Acid to Canada in 2022:
- United States (289.2 tons)
- China (124.6 tons)
- Brazil (33.0 tons)
- India (32.2 tons)
- South Korea (31.5 tons)
- Germany (26.6 tons)
- France (20.3 tons)
Phenylacetic Acid Exports in Canada
In 2022, after three years of growth, there was significant decline in shipments abroad of phenylacetic acid, its salts and esters, when their volume decreased by -93.4% to 4 tons. Overall, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 405%. As a result, the exports attained the peak of 61 tons, and then fell dramatically in the following year.
In value terms, phenylacetic acid exports dropped rapidly to $49K in 2022. Over the period under review, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 113%. As a result, the exports attained the peak of $928K, and then dropped notably in the following year.
| Export of Phenylacetic Acid in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 20.2 | 7.2 | 500 | 24.1 | 6.1% |
| United States | 359 | 381 | 167 | 14.4 | -65.8% |
| Japan | 2.2 | 2.4 | 99.4 | 4.8 | 29.7% |
| Italy | 18.4 | 0.5 | 20.6 | 1.0 | -62.1% |
| France | 48.7 | 1.4 | 1.2 | 0.8 | -74.6% |
| United Kingdom | N/A | 0.1 | 50.5 | N/A | 50400.0% |
| Others | 8.9 | 42.0 | 88.3 | 3.5 | -26.7% |
| Total | 458 | 435 | 928 | 48.7 | -52.6% |
Top Export Markets for Phenylacetic Acid from Canada in 2022:
- Brazil (2786.0 kg)
- United States (871.0 kg)
- Japan (179.0 kg)
- France (59.0 kg)
- Italy (40.0 kg)
This report provides an in-depth analysis of the phenylacetic acid market in Canada. 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 20143367 - Phenylacetic acid, its salts and esters
- Prodcom 20143370 - Aromatic monocarboxylic acids, (anhydrides), halides, p eroxides, peroxyacids, derivatives excluding benzoic acid, p henylacetic acids their salts/esters, benzoyl peroxide, b enzoyl chloride
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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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