Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Canada - 2024
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Canada (CIF) - 2022
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Canada (FOB) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Canada
- Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Canada
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Canada (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $4,492 per ton in 2022, which is down by -6% against the previous year. In general, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of 7% against the previous year. Over the period under review, average import prices attained the peak figure at $5,991 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,648 per ton), while the price for the United States ($4,475 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.5%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Canada (FOB) - 2022
The average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $3,812 per ton in 2022, remaining stable against the previous year. In general, the export price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 326% against the previous year. As a result, the export price attained the peak level of $21,527 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($7,529 per ton), while the average price for exports to Vietnam ($3,558 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 Germany (-3.1%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Canada
In 2022, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses into Canada soared to 20 tons, growing by 20% compared with the year before. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern 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.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses reached $88K in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 59.1 | 55.6 | 66.4 | 77.8 | 9.6% |
| India | 6.9 | 7.7 | 5.5 | 5.6 | -6.7% |
| China | 2.7 | 0.9 | 5.7 | 2.5 | -2.5% |
| Others | 0.3 | 0.3 | 0.2 | 1.8 | 81.7% |
| Total | 69.0 | 64.6 | 77.8 | 87.6 | 8.3% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Canada in 2022:
- United States (17.4 tons)
- India (1.2 tons)
- China (0.5 tons)
Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Canada
In 2022, after three years of growth, there was significant decline in overseas shipments of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses, when their volume decreased by -82.5% to 309 kg. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 478%.
In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses dropped notably to $1.2K in 2022. Overall, exports showed a dramatic contraction. The pace of growth was the most pronounced in 2020 when exports increased by 585%. As a result, the exports attained the peak of $19K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.1 | N/A | 2.3 | 0.6 | 81.7% |
| South Korea | N/A | N/A | 1.2 | 0.3 | -75.0% |
| Vietnam | N/A | N/A | N/A | 0.2 | 0% |
| Japan | N/A | 0.1 | 0.4 | 0.1 | 0.0% |
| United Kingdom | N/A | N/A | 0.9 | N/A | 0% |
| United States | 2.7 | 18.8 | N/A | N/A | 596.3% |
| Others | N/A | 0.4 | 2.0 | N/A | 400.0% |
| Total | 2.8 | 19.4 | 6.8 | 1.2 | -24.6% |
Top Export Markets for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts from Canada in 2022:
- Germany (157.0 kg)
- South Korea (92.0 kg)
- Vietnam (43.0 kg)
- Japan (17.0 kg)
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