Spain - Phenylacetic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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Contents:
- Phenylacetic Acid Price in Spain (CIF) - 2022
- Phenylacetic Acid Price in Spain (FOB) - 2023
- Phenylacetic Acid Imports in Spain
- Phenylacetic Acid Exports in Spain
Phenylacetic Acid Price in Spain (CIF) - 2022
In 2022, the average phenylacetic acid import price amounted to $13,003 per ton, growing by 17% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 54% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.
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 Ukraine ($18,173 per ton), while the price for the Netherlands ($2,704 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenylacetic Acid Price in Spain (FOB) - 2023
In July 2023, the average phenylacetic acid export price amounted to $36,697 per ton, with an increase of 22% against the previous month. In general, the export price enjoyed strong growth. The pace of growth was the most pronounced in March 2023 when the average export price increased by 416% month-to-month. Over the period under review, the average export prices attained the maximum at $80,908 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Belgium ($92,915 per ton), while the average price for exports to the Czech Republic ($9,421 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Phenylacetic Acid Imports in Spain
In 2022, after two years of decline, there was significant growth in purchases abroad of phenylacetic acid, its salts and esters, when their volume increased by 50% to 1.9K tons. In general, imports, however, showed a abrupt slump.
In value terms, phenylacetic acid imports surged to $25M in 2022. Overall, total imports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phenylacetic Acid in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 11.5 | 8.1 | 5.1 | 10.0 | -4.6% |
| China | 5.6 | 5.4 | 3.7 | 7.5 | 10.2% |
| Germany | 1.1 | 2.4 | 2.2 | 3.0 | 39.7% |
| Belgium | 1.1 | 0.4 | 1.3 | 2.9 | 38.1% |
| Ukraine | 0.9 | 1.3 | 1.3 | 0.7 | -8.0% |
| France | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Netherlands | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Turkey | 1.2 | N/A | N/A | N/A | 0% |
| Others | 2.2 | 0.2 | 0.4 | 0.7 | -31.7% |
| Total | 24.2 | 18.2 | 14.4 | 25.3 | 1.5% |
Top Suppliers of Phenylacetic Acid to Spain in 2022:
- Turkey (undefined tons)
- India (670.7 tons)
- China (425.1 tons)
- Belgium (398.6 tons)
- Germany (273.6 tons)
- Netherlands (52.0 tons)
- France (51.8 tons)
- Ukraine (41.2 tons)
Phenylacetic Acid Exports in Spain
In 2022, approx. 354 tons of phenylacetic acid, its salts and esters were exported from Spain; picking up by 28% compared with 2021 figures. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, phenylacetic acid exports surged to $8.3M in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Phenylacetic Acid in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 629 | 535 | 362 | 2,001 | 47.1% |
| India | 103 | 576 | 796 | 1,299 | 132.8% |
| Portugal | 295 | 557 | 645 | 882 | 44.1% |
| France | 439 | 406 | 564 | 622 | 12.3% |
| Switzerland | 262 | 252 | 406 | 466 | 21.2% |
| Singapore | 174 | 263 | 234 | 347 | 25.9% |
| Germany | 204 | 330 | 331 | 286 | 11.9% |
| Brazil | 91.4 | 123 | 120 | 233 | 36.6% |
| Turkey | 114 | 180 | 157 | 155 | 10.8% |
| United Kingdom | 335 | 436 | 145 | 155 | -22.7% |
| Mexico | 193 | 129 | 133 | 102 | -19.1% |
| Poland | 12.8 | 28.6 | 31.7 | 84.4 | 87.5% |
| Others | 360 | 637 | 890 | 1,649 | 66.1% |
| Total | 3,212 | 4,453 | 4,813 | 8,281 | 37.1% |
Top Export Markets for Phenylacetic Acid from Spain in 2022:
- Italy (121.0 tons)
- Portugal (92.9 tons)
- France (30.0 tons)
- Germany (14.5 tons)
- India (13.3 tons)
- Brazil (11.6 tons)
- Switzerland (10.8 tons)
- Turkey (9.0 tons)
- Singapore (7.0 tons)
- Poland (6.6 tons)
- United Kingdom (5.9 tons)
- Mexico (3.3 tons)
This report provides an in-depth analysis of the phenylacetic acid market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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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122
The growth rate peaked in January 2023 with a 92% month-on-month increase in imports. Phenylacetic Acid imports dropped to $1.1M in December 2023.
7774
In January 2023, the growth rate of Phenylacetic Acid was remarkable, showing a month-to-month increase of 92%. The import value also surged to $2.1M in September 2023.
168
In January 2023, the imports of Acrylic Acid Esters experienced a remarkable growth rate, increasing by 138% compared to the previous month. This surge in imports continued in September 2023, reaching a value of $8.4M.
952
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...
122
The growth rate peaked in January 2023 with a 92% month-on-month increase in imports. Phenylacetic Acid imports dropped to $1.1M in December 2023.
7774
In January 2023, the growth rate of Phenylacetic Acid was remarkable, showing a month-to-month increase of 92%. The import value also surged to $2.1M in September 2023.
168
In January 2023, the imports of Acrylic Acid Esters experienced a remarkable growth rate, increasing by 138% compared to the previous month. This surge in imports continued in September 2023, reaching a value of $8.4M.
952
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...
