Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Indonesia - 2022

Contents:

1. Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Indonesia (CIF) - 2022
2. Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Indonesia (FOB) - 2022
3. Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Indonesia
4. Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Indonesia

Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Indonesia (CIF) - 2022

The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $14,148 per ton in 2022, with a decrease of -15.6% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses decreased by -23.4% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 131% against the previous year. As a result, import price attained the peak level of $22,488 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($32,714 per ton), while the price for China ($12,478 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Indonesia (FOB) - 2022

In 2022, the average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $76,100 per ton, almost unchanged from the previous year. Over the period under review, the export price posted a measured expansion. The pace of growth was the most pronounced in 2013 an increase of 45% against the previous year. Over the period under review, the average export prices reached the peak figure at $103,250 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +15.3% per year.

Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Indonesia

In 2022, approx. 4.6 tons of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses were imported into Indonesia; jumping by 112% on 2021. Over the period under review, imports recorded a significant expansion. 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 soared to $65K in 2022. Overall, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Indonesia in 2022:

1. China (3378.0 kg)
2. Spain (800.0 kg)
3. India (351.0 kg)
4. United States (28.0 kg)

Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Indonesia

After two years of decline, overseas shipments of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses decreased by 0% to 10 kg in 2022. Overall, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $761 in 2022. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts from Indonesia in 2022:

1. South Korea (10.0 kg)

Source: IndexBox Market Intelligence Platform