Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United States - 2023
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United States (CIF) - 2022
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United States (FOB) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United States
- Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United States
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United States (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $23,187 per ton in 2022, falling by -34% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 57% against the previous year. As a result, import price reached the peak level of $35,155 per ton, and then reduced dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($132,564 per ton), while the price for India ($14,591 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+28.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United States (FOB) - 2022
In 2022, the average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $5,933 per ton, rising by 11% against the previous year. Over the period under review, the export price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2013 an increase of 52%. As a result, the export price reached the peak level of $10,168 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($13,290 per ton), while the average price for exports to New Zealand ($1,697 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 Mexico (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United States
In 2022, overseas purchases of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses were finally on the rise to reach 120 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed a significant increase. As a result, imports attained 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 $2.8M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 328 | 217 | 229 | 1,321 | 59.1% |
| Germany | 191 | 160 | 532 | 792 | 60.7% |
| China | 594 | 437 | 241 | 636 | 2.3% |
| Others | 3.2 | 34.7 | 85.4 | 30.3 | 111.6% |
| Total | 1,117 | 849 | 1,087 | 2,780 | 35.5% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to the United States in 2022:
- India (90.6 tons)
- China (22.2 tons)
- Germany (6.0 tons)
Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United States
After two years of decline, overseas shipments of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses increased by 1% to 91 tons in 2022. Over the period under review, exports, however, recorded a precipitous shrinkage.
In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses expanded rapidly to $542K in 2022. Overall, exports, however, faced a sharp shrinkage.
| Export of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 59.3 | 61.1 | 68.6 | 74.4 | 7.9% |
| France | 8.4 | N/A | N/A | 56.6 | 88.9% |
| Switzerland | 125 | 166 | 18.3 | 50.5 | -26.1% |
| South Africa | N/A | N/A | N/A | 41.7 | 0% |
| Netherlands | 26.5 | 55.8 | 19.3 | 40.5 | 15.2% |
| Germany | 45.2 | 20.0 | 42.2 | 35.0 | -8.2% |
| Mexico | 783 | 32.6 | 11.9 | 32.4 | -65.4% |
| Brazil | 11.6 | 11.7 | 16.8 | 31.8 | 40.0% |
| Belgium | N/A | N/A | 8.8 | 29.6 | 236.4% |
| Australia | 33.1 | 8.9 | 82.5 | 24.0 | -10.2% |
| United Kingdom | 36.4 | N/A | 3.5 | 21.7 | -15.8% |
| Dominican Republic | 7.9 | N/A | 15.8 | 19.8 | 35.8% |
| New Zealand | 7.6 | 5.0 | 8.4 | 10.4 | 11.0% |
| Others | 284 | 92.6 | 187 | 73.8 | -36.2% |
| Total | 1,428 | 454 | 483 | 542 | -27.6% |
Top Export Markets for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts from the United States in 2022:
- Canada (14.0 tons)
- Switzerland (13.0 tons)
- France (12.9 tons)
- Belgium (7.6 tons)
- Germany (6.9 tons)
- New Zealand (6.1 tons)
- Australia (5.4 tons)
- Brazil (4.3 tons)
- Netherlands (4.0 tons)
- Dominican Republic (3.5 tons)
- South Africa (3.1 tons)
- Mexico (2.7 tons)
- United Kingdom (2.4 tons)
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