Japan - Phenylacetic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhenylacetic Acid Price in Japan - 2023
Contents:
- Phenylacetic Acid Price in Japan (CIF) - 2023
- Phenylacetic Acid Price in Japan (FOB) - 2022
- Phenylacetic Acid Imports in Japan
- Phenylacetic Acid Exports in Japan
Phenylacetic Acid Price in Japan (CIF) - 2023
The average phenylacetic acid import price stood at $18,162 per ton in July 2023, which is down by -17% against the previous month. In general, the import price showed a mild curtailment. The most prominent rate of growth was recorded in October 2022 an increase of 251% month-to-month. As a result, import price reached the peak level of $59,035 per ton. From November 2022 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($94,262 per ton), while the price for China ($11,925 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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenylacetic Acid Price in Japan (FOB) - 2022
In 2022, the average phenylacetic acid export price amounted to $9,643 per ton, picking up by 44% against the previous year. Over the period under review, the export price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 60%. The export price peaked at $27,176 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($266,991 per ton), while the average price for exports to India ($2,238 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 United States (+43.0%), while the prices for the other major destinations experienced more modest paces of growth.
Phenylacetic Acid Imports in Japan
In 2022, imports of phenylacetic acid, its salts and esters into Japan rose sharply to 3K tons, picking up by 6.1% against 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, phenylacetic acid imports stood at $56M in 2022. Overall, imports, however, showed a deep setback.
| Import of Phenylacetic Acid in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.5 | 32.6 | 35.2 | 33.0 | -9.5% |
| India | 7.1 | 5.7 | 6.8 | 6.1 | -4.9% |
| South Korea | 4.2 | 10.0 | 4.5 | 5.5 | 9.4% |
| United States | 3.7 | 4.1 | 2.9 | 3.2 | -4.7% |
| Others | 17.5 | 10.9 | 3.0 | 8.6 | -21.1% |
| Total | 77.0 | 63.2 | 52.4 | 56.4 | -9.9% |
Top Suppliers of Phenylacetic Acid to Japan in 2022:
- China (2343.5 tons)
- India (391.8 tons)
- United States (148.5 tons)
- South Korea (51.9 tons)
Phenylacetic Acid Exports in Japan
In 2022, phenylacetic acid exports from Japan was estimated at 2.1K tons, surging by 7.4% on the previous year's figure. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, phenylacetic acid exports surged to $20M in 2022. Overall, exports, however, saw a abrupt descent.
| Export of Phenylacetic Acid in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.4 | 5.0 | 3.6 | 11.3 | -26.4% |
| South Korea | 2.2 | 2.5 | 3.1 | 2.9 | 9.6% |
| Taiwan (Chinese) | 0.2 | 1.1 | 0.7 | 0.7 | 51.8% |
| Switzerland | 0.1 | 1.3 | 0.8 | 0.7 | 91.3% |
| Thailand | 0.6 | 0.5 | 0.7 | 0.6 | 0.0% |
| United Arab Emirates | 0.3 | 0.2 | 0.4 | 0.3 | 0.0% |
| India | 0.2 | 0.4 | 0.2 | 0.3 | 14.5% |
| Others | 5.1 | 3.4 | 3.8 | 3.6 | -11.0% |
| Total | 37.2 | 14.5 | 13.2 | 20.4 | -18.1% |
Top Export Markets for Phenylacetic Acid from Japan in 2022:
- China (1340.8 tons)
- South Korea (301.1 tons)
- India (121.8 tons)
- Thailand (89.9 tons)
- United Arab Emirates (80.2 tons)
- Switzerland (75.1 tons)
- Taiwan (Chinese) (53.3 tons)
This report provides an in-depth analysis of the phenylacetic acid market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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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