China - Phenylacetic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhenylacetic Acid Price in China - 2023
Contents:
- Phenylacetic Acid Price in China (FOB) - 2023
- Phenylacetic Acid Price in China (CIF) - 2022
- Phenylacetic Acid Exports in China
- Phenylacetic Acid Imports in China
Phenylacetic Acid Price in China (FOB) - 2023
The average phenylacetic acid export price stood at $11,029 per ton in June 2023, reducing by -6.9% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 an increase of 33% against the previous month. As a result, the export price reached the peak level of $16,320 per ton. From October 2022 to June 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($30,231 per ton), while the average price for exports to Russia ($3,680 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Phenylacetic Acid Price in China (CIF) - 2022
The average phenylacetic acid import price stood at $18,263 per ton in 2022, dropping by -21.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 69% against the previous year. As a result, import price attained the peak level of $23,383 per ton, and then plummeted in the following year.
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 Japan ($75,696 per ton), while the price for Poland ($5,496 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenylacetic Acid Exports in China
In 2022, phenylacetic acid exports from China soared to 47K tons, jumping by 20% compared with the year before. The total export volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, phenylacetic acid exports rose markedly to $486M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Phenylacetic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 106 | 105 | 111 | 131 | 7.3% |
| United States | 106 | 91.9 | 90.7 | 92.5 | -4.4% |
| Italy | 33.1 | 25.0 | 32.9 | 51.4 | 15.8% |
| South Korea | 25.7 | 34.0 | 29.4 | 38.7 | 14.6% |
| Japan | 36.1 | 30.9 | 39.1 | 33.6 | -2.4% |
| Germany | 23.8 | 18.2 | 17.3 | 20.7 | -4.5% |
| Netherlands | 12.3 | 11.1 | 19.2 | 17.3 | 12.0% |
| Belgium | 15.3 | 9.8 | 13.2 | 15.3 | 0.0% |
| Brazil | 7.3 | 6.3 | 4.3 | 8.8 | 6.4% |
| Russia | 5.3 | 7.4 | 6.4 | 7.4 | 11.8% |
| Pakistan | 13.9 | 8.3 | 9.8 | 7.1 | -20.1% |
| Taiwan (Chinese) | 8.9 | 6.2 | 6.6 | 6.4 | -10.4% |
| Others | 61.9 | 58.6 | 57.9 | 55.2 | -3.7% |
| Total | 455 | 412 | 438 | 486 | 2.2% |
Top Export Markets for Phenylacetic Acid from China in 2022:
- India (16.8K tons)
- United States (9.4K tons)
- South Korea (3.2K tons)
- Japan (2.5K tons)
- Italy (2.4K tons)
- Germany (2.2K tons)
- Netherlands (1.5K tons)
- Taiwan (Chinese) (1.5K tons)
- Brazil (1.0K tons)
- Pakistan (0.8K tons)
- Belgium (0.8K tons)
- Russia (0.7K tons)
Phenylacetic Acid Imports in China
In 2022, overseas purchases of phenylacetic acid, its salts and esters were finally on the rise to reach 548 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt shrinkage.
In value terms, phenylacetic acid imports soared to $10M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Phenylacetic Acid in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5,642 | 3,751 | 4,666 | 5,987 | 2.0% |
| Japan | 1,630 | 1,036 | 921 | 1,088 | -12.6% |
| United States | 454 | 200 | 221 | 955 | 28.1% |
| Poland | 0.3 | 1.0 | 74.5 | 520 | 1101.2% |
| Germany | 345 | 176 | 186 | 301 | -4.4% |
| Taiwan (Chinese) | 93.0 | 174 | 299 | 97.7 | 1.7% |
| Ukraine | 564 | 340 | 42.9 | 28.4 | -63.1% |
| Belgium | 217 | 0.2 | 1.2 | 0.2 | -90.3% |
| Others | 793 | 1,377 | 1,041 | 1,032 | 9.2% |
| Total | 9,739 | 7,054 | 7,452 | 10,009 | 0.9% |
Top Suppliers of Phenylacetic Acid to China in 2022:
- Belgium (undefined tons)
- India (322.0 tons)
- Poland (94.6 tons)
- United States (61.4 tons)
- Taiwan (Chinese) (15.3 tons)
- Japan (14.4 tons)
- Germany (11.1 tons)
- Ukraine (1.7 tons)
This report provides an in-depth analysis of the phenylacetic acid market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
417
This report provides an in-depth analysis of the phenylacetic acid market in China.
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343
In value terms, phenylacetic acid exports dropped dramatically to $30M in April 2023.
3317
Exports of Monocarboxylic Acid experienced a decline in growth from August 2023 to November 2023, with a contraction in value terms to $45M in November 2023.
273
In April 2023, the monocarboxylic acid price amounted to $3,263 per ton (FOB, China), shrinking by -6.3% against the previous month.
389
The price of Benzoic Acid in June 2023 was $1,274 per ton (FOB, China), which is approximately the same as the previous month.
264
In value terms, acrylic acid esters exports reduced to $49M in April 2023.
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Exports of Methacrylic Acid declined to $1.9M in June 2023 in terms of value.
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In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
907
In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...
343
In value terms, phenylacetic acid exports dropped dramatically to $30M in April 2023.
3317
Exports of Monocarboxylic Acid experienced a decline in growth from August 2023 to November 2023, with a contraction in value terms to $45M in November 2023.
