Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Spain - 2023
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Spain (FOB) - 2022
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Spain (CIF) - 2022
- Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Spain
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Spain
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Spain (FOB) - 2022
In 2022, the average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $12,447 per ton, with an increase of 11% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses increased by +40.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($22,983 per ton), while the average price for exports to Germany ($9,546 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 the UK (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Spain (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $9,273 per ton in 2022, increasing by 24% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($23,251 per ton), while the price for China ($5,863 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Spain
After three years of growth, overseas shipments of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses decreased by -28.7% to 29 tons in 2022. Over the period under review, total exports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports attained the peak of 40 tons, and then dropped significantly in the following year.
In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses dropped notably to $356K in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, the exports attained the peak of $450K, and then fell dramatically in the following year.
| Export of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 134 | 120 | 163 | 142 | 2.0% |
| Switzerland | 17.9 | 26.9 | 56.5 | 41.9 | 32.8% |
| Germany | 39.1 | 47.4 | 101 | 35.6 | -3.1% |
| United States | N/A | 7.9 | 19.7 | 28.8 | 90.9% |
| United Kingdom | 7.0 | 4.3 | 15.2 | 20.7 | 43.5% |
| Indonesia | 3.6 | N/A | 15.7 | 15.0 | 60.9% |
| Belgium | 6.8 | 6.6 | 8.4 | 12.5 | 22.5% |
| Turkey | 8.8 | 5.6 | 7.2 | 9.3 | 1.9% |
| Greece | 3.0 | 3.6 | 6.7 | 4.9 | 17.8% |
| Argentina | 5.0 | 6.3 | 6.4 | 4.4 | -4.2% |
| Others | 23.7 | 33.2 | 49.6 | 40.8 | 19.8% |
| Total | 249 | 262 | 450 | 356 | 12.7% |
Top Export Markets for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts from Spain in 2022:
- France (14.3 tons)
- Germany (3.7 tons)
- Switzerland (2.6 tons)
- United States (1.3 tons)
- United Kingdom (1.3 tons)
- Indonesia (0.8 tons)
- Belgium (0.8 tons)
- Turkey (0.7 tons)
- Greece (0.5 tons)
- Argentina (0.3 tons)
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Spain
In 2022, overseas purchases of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses decreased by -38.5% to 35 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, imports reached the peak of 66 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses shrank notably to $323K in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of $425K, and then dropped significantly in the following year.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 192 | 298 | 230 | 165 | -4.9% |
| Germany | 6.8 | 23.6 | 33.0 | 77.7 | 125.2% |
| China | 120 | 30.3 | 70.0 | 71.1 | -16.0% |
| United States | 7.8 | 0.2 | 72.8 | 9.4 | 6.4% |
| Others | 0.1 | 5.3 | 19.9 | 0.6 | 81.7% |
| Total | 327 | 357 | 425 | 323 | -0.4% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Spain in 2022:
- India (17.9 tons)
- China (12.1 tons)
- Germany (3.3 tons)
- United States (1.4 tons)
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