Germany - Phenylacetic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhenylacetic Acid Price in Germany - 2023
Contents:
- Phenylacetic Acid Price in Germany (CIF) - 2023
- Phenylacetic Acid Price in Germany (FOB) - 2022
- Phenylacetic Acid Imports in Germany
- Phenylacetic Acid Exports in Germany
Phenylacetic Acid Price in Germany (CIF) - 2023
In July 2023, the average phenylacetic acid import price amounted to $9,297 per ton, waning by -39% against the previous month. Overall, the import price continues to indicate a noticeable contraction. The growth pace was the most rapid in March 2023 when the average import price increased by 93% m-o-m. As a result, import price reached the peak level of $21,098 per ton. From April 2023 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($66,154 per ton), while the price for the Netherlands ($4,208 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenylacetic Acid Price in Germany (FOB) - 2022
The average phenylacetic acid export price stood at $20,032 per ton in 2022, surging by 44% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($73,390 per ton), while the average price for exports to Spain ($8,566 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 Switzerland (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Phenylacetic Acid Imports in Germany
In 2022, after three years of growth, there was significant decline in purchases abroad of phenylacetic acid, its salts and esters, when their volume decreased by -22.6% to 4.1K tons. Over the period under review, imports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 5.1%. As a result, imports reached the peak of 5.3K tons, and then declined remarkably in the following year.
In value terms, phenylacetic acid imports reduced remarkably to $64M in 2022. In general, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. As a result, imports attained the peak of $82M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Phenylacetic Acid in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 23.2 | 25.4 | 31.2 | 29.0 | 7.7% |
| China | 30.4 | 24.4 | 20.8 | 16.5 | -18.4% |
| Italy | 2.5 | 8.3 | 5.1 | 6.4 | 36.8% |
| United States | 7.8 | 15.0 | 13.6 | 3.1 | -26.5% |
| Belgium | 0.1 | 1.3 | 1.4 | 1.6 | 152.0% |
| Netherlands | 0.7 | 1.0 | 0.4 | 1.2 | 19.7% |
| Denmark | N/A | 0.7 | N/A | 1.1 | 25.4% |
| France | 1.7 | 2.2 | 4.5 | 1.0 | -16.2% |
| Poland | 1.3 | 1.2 | 0.9 | 0.8 | -14.9% |
| Others | 1.6 | 2.8 | 2.8 | 3.3 | 27.3% |
| Total | 69.2 | 82.3 | 80.6 | 64.0 | -2.6% |
Top Suppliers of Phenylacetic Acid to Germany in 2022:
- India (1991.5 tons)
- China (1326.3 tons)
- United States (157.2 tons)
- Italy (129.4 tons)
- Netherlands (128.6 tons)
- Belgium (89.8 tons)
- Denmark (72.0 tons)
- Poland (50.6 tons)
- France (21.5 tons)
Phenylacetic Acid Exports in Germany
For the fourth consecutive year, Germany recorded growth in shipments abroad of phenylacetic acid, its salts and esters, which increased by 0.8% to 3.6K tons in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.2% 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 increased by +69.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 62%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, phenylacetic acid exports soared to $72M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 increased by +78.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Phenylacetic Acid in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 0.2 | 4.1 | 4.3 | 9.8 | 265.9% |
| United Kingdom | 2.3 | 8.0 | 2.7 | 8.9 | 57.0% |
| France | 7.7 | 7.9 | 5.2 | 7.3 | -1.8% |
| Switzerland | 1.7 | 3.4 | 4.6 | 6.8 | 58.7% |
| Netherlands | 1.4 | 3.9 | 4.2 | 5.5 | 57.8% |
| United States | 3.7 | 2.6 | 4.4 | 5.4 | 13.4% |
| Spain | 1.8 | 3.5 | 4.2 | 4.2 | 32.6% |
| Austria | 1.6 | 2.3 | 0.8 | 4.1 | 36.8% |
| Turkey | 1.1 | 1.7 | 1.9 | 3.5 | 47.1% |
| Italy | 4.2 | 4.3 | 2.7 | 3.5 | -5.9% |
| Poland | 1.8 | 2.4 | 2.4 | 1.5 | -5.9% |
| Russia | 0.6 | 0.9 | 1.3 | 1.5 | 35.7% |
| Others | 12.2 | 10.0 | 10.7 | 10.2 | -5.8% |
| Total | 40.4 | 55.1 | 49.6 | 72.2 | 21.4% |
Top Export Markets for Phenylacetic Acid from Germany in 2022:
- Spain (484.6 tons)
- United States (360.8 tons)
- United Kingdom (359.3 tons)
- Netherlands (290.6 tons)
- Italy (283.6 tons)
- Turkey (262.3 tons)
- Austria (237.6 tons)
- France (184.9 tons)
- Poland (141.3 tons)
- Canada (134.1 tons)
- Switzerland (124.2 tons)
- Russia (113.0 tons)
This report provides an in-depth analysis of the phenylacetic acid market in Germany. 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:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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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In May 2023, the import growth rate of Phenylacetic Acid reached its peak, with a 100% increase compared to the previous month. However, the value of Phenylacetic Acid imports declined sharply to $2.4M in July 2023.
358
In December 2022, the price of benzoic acid decreased 19.2% to $3,258 per ton (CIF, Germany) when compared to the month prior.
951
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...
263
In May 2023, the import growth rate of Phenylacetic Acid reached its peak, with a 100% increase compared to the previous month. However, the value of Phenylacetic Acid imports declined sharply to $2.4M in July 2023.
358
In December 2022, the price of benzoic acid decreased 19.2% to $3,258 per ton (CIF, Germany) when compared to the month prior.
951
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...
