Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Germany - 2023
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Germany (CIF) - 2022
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Germany (FOB) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Germany
- Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Germany
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Germany (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $12,043 per ton in 2022, jumping by 34% against the previous year. Over the period under review, the import price saw a prominent increase. The growth pace was the most rapid in 2013 an increase of 57%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($11,934 per ton), while the price for Spain stood at $9,302 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.1%).
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Germany (FOB) - 2022
In 2022, the average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $57,699 per ton, growing by 22% against the previous year. Over the period under review, the export price showed a resilient increase. The growth pace was the most rapid in 2019 when the average export price increased by 110%. As a result, the export price reached the peak level of $70,072 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($496,655 per ton), while the average price for exports to Italy ($11,489 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 United States (+41.8%), 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 Germany
In 2022, the amount of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses imported into Germany stood at 126 tons, surging by 5.6% against 2021 figures. Overall, imports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year. As a result, imports reached the peak of 186 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 skyrocketed to $1.5M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 58%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 866 | 1,331 | 883 | 1,455 | 18.9% |
| Spain | 3.3 | 47.7 | 94.1 | 34.5 | 118.7% |
| Others | 51.7 | 74.1 | 96.9 | 28.5 | -18.0% |
| Total | 921 | 1,453 | 1,074 | 1,518 | 18.1% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Germany in 2022:
- China (121.9 tons)
- Spain (3.7 tons)
Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Germany
In 2022, the amount of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses exported from Germany reached 15 tons, picking up by 3.9% on the previous year's figure. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses soared to $873K in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.2% 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 +54.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 173 | 73.8 | 173 | 413 | 33.6% |
| France | 153 | 112 | 123 | 152 | -0.2% |
| Spain | 10.8 | 22.2 | 33.1 | 76.4 | 92.0% |
| Switzerland | 21.6 | 58.3 | 104 | 56.4 | 37.7% |
| Italy | 31.7 | 28.2 | 5.8 | 46.0 | 13.2% |
| Netherlands | 33.3 | 73.5 | 55.9 | 37.6 | 4.1% |
| United Kingdom | 49.9 | 61.5 | 28.9 | 29.0 | -16.5% |
| Turkey | 14.5 | 9.7 | 7.3 | 2.8 | -42.2% |
| Mexico | 36.8 | 36.3 | N/A | N/A | -1.4% |
| Brazil | 12.1 | 9.3 | 11.6 | N/A | -2.1% |
| Others | 81.6 | 79.8 | 147 | 59.1 | -10.2% |
| Total | 618 | 565 | 689 | 873 | 12.2% |
Top Export Markets for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts from Germany in 2022:
- Spain (4.2 tons)
- Italy (4.0 tons)
- Switzerland (3.5 tons)
- United States (1.0 tons)
- Netherlands (0.5 tons)
- United Kingdom (0.4 tons)
- France (0.3 tons)
- Turkey (0.1 tons)
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