Report Update Apr 1, 2024

Venezuela - Benzoic Acid, Its Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Benzoic Acid Market 2024

Benzoic Acid Market Size in Venezuela

In 2022, after two years of growth, there was significant decline in the Venezuelan benzoic acid market, when its value decreased by X% to $X. Overall, consumption continues to indicate a precipitous descent. Benzoic acid consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Benzoic Acid Exports

Exports from Venezuela

In 2016, shipments abroad of benzoic acid, its salts and esters decreased by X% to X kg for the first time since 2013, thus ending a two-year declining trend. In general, exports showed a dramatic decrease. The smallest decline of X% was in 2014. Over the period under review, the exports reached the peak figure at X kg in 2013; however, from 2014 to 2016, the exports remained at a lower figure.

In value terms, benzoic acid exports stood at $X in 2016. Overall, exports continue to indicate a dramatic decrease. The smallest decline of X% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2016, the exports failed to regain momentum.

Exports by Country

Paraguay (X kg) was the main destination for benzoic acid exports from Venezuela, accounting for a approx. X% share of total exports.

From 2013 to 2016, the average annual growth rate of volume to Paraguay was relatively modest.

From 2013 to 2016, the average annual rate of growth in terms of value to Paraguay was relatively modest.

Export Prices by Country

The average benzoic acid export price stood at $X per ton in 2016, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a dramatic downturn. The pace of growth was the most pronounced in 2014 a decrease of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2016, the export prices failed to regain momentum.

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

From 2013 to 2016, the rate of growth in terms of prices for Paraguay amounted to X% per year.

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Benzoic Acid Imports

Imports into Venezuela

After two years of growth, supplies from abroad of benzoic acid, its salts and esters decreased by X% to X tons in 2022. Overall, imports showed a precipitous setback. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, benzoic acid imports fell sharply to $X in 2022. In general, imports recorded a sharp slump. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Mexico (X tons) and the United States (X tons) were the main suppliers of benzoic acid imports to Venezuela, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Mexico ($X) constituted the largest supplier of benzoic acid, its salts and esters to Venezuela, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

The average benzoic acid import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X 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 Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for benzoic acid, its salts and esters in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and India, together comprising 41% of global consumption. The Netherlands, Germany, Brazil, Japan, Estonia, Mexico, Turkey, South Korea, Italy and Saudi Arabia lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of benzoic acid, its salts and esters in the world?

The countries with the highest volumes of production in 2022 were China, the Netherlands and Estonia, with a combined 69% share of global production. The United States, India, Japan and Saudi Arabia lagged somewhat behind, together accounting for a further 21%.

What are the leading suppliers of benzoic acid, its salts and esters to Venezuela?

In value terms, Mexico constituted the largest supplier of benzoic acid, its salts and esters to Venezuela, comprising 69% of total imports. The second position in the ranking was held by China, with a 19% share of total imports. It was followed by the United States, with a 5.1% share.

What is the average export price for benzoic acid, its salts and esters in Venezuela?

The average benzoic acid export price stood at $2,400 per ton in 2016, leveling off at the previous year.

What is the average import price for benzoic acid, its salts and esters in Venezuela?

In 2022, the average benzoic acid import price amounted to $1,412 per ton, almost unchanged from the previous year.

This report provides an in-depth analysis of the benzoic acid market in Venezuela. 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 20143363 - Benzoic acid, its salts and esters

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023