Italy - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzoic Acid Price in Italy - 2023
Contents:
- Benzoic Acid Price in Italy (CIF) - 2023
- Benzoic Acid Price in Italy (FOB) - 2023
- Benzoic Acid Imports in Italy
- Benzoic Acid Exports in Italy
Benzoic Acid Price in Italy (CIF) - 2023
In June 2023, the average benzoic acid import price amounted to $2,356 per ton, with a decrease of -13.8% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 18% m-o-m. As a result, import price attained the peak level of $2,732 per ton, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($8,240 per ton), while the price for China ($1,528 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Benzoic Acid Price in Italy (FOB) - 2023
The average benzoic acid export price stood at $4,005 per ton in June 2023, waning by -67.8% against the previous month. Overall, the export price recorded a noticeable slump. The growth pace was the most rapid in May 2023 an increase of 127% against the previous month. As a result, the export price attained the peak level of $12,426 per ton, and then contracted markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($6,207 per ton), while the average price for exports to the United States ($3,553 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Benzoic Acid Imports in Italy
In 2022, after two years of decline, there was significant growth in purchases abroad of benzoic acid, its salts and esters, when their volume increased by 16% to 16K tons. Over the period under review, imports, however, continue to indicate a mild curtailment.
In value terms, benzoic acid imports surged to $39M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.3% 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 +65.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Benzoic Acid in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 18.3 | 17.7 | 15.6 | 24.6 | 10.4% |
Belgium | 2.6 | 0.6 | 3.2 | 4.4 | 19.2% |
China | 1.8 | 1.3 | 2.8 | 3.6 | 26.0% |
Estonia | 0.6 | 1.2 | 1.3 | 2.3 | 56.5% |
Germany | 1.9 | 0.4 | 0.9 | 1.4 | -9.7% |
Others | 2.3 | 2.4 | 1.3 | 2.8 | 6.8% |
Total | 27.5 | 23.5 | 25.1 | 39.0 | 12.4% |
Top Suppliers of Benzoic Acid to Italy in 2022:
- Netherlands (11.2K tons)
- Belgium (1.4K tons)
- China (1.4K tons)
- Estonia (0.8K tons)
- Germany (0.4K tons)
Benzoic Acid Exports in Italy
In 2022, benzoic acid exports from Italy surged to 4.1K tons, growing by 35% against the year before. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.2% 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 +85.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, benzoic acid exports soared to $21M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Benzoic Acid in Italy (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,258 | 1,714 | 2,622 | 7,095 | 78.0% |
Germany | 2,444 | 1,251 | 1,879 | 3,378 | 11.4% |
China | 422 | 178 | 1,191 | 1,523 | 53.4% |
Spain | 788 | 455 | 886 | 1,177 | 14.3% |
France | 891 | 978 | 446 | 921 | 1.1% |
Netherlands | 431 | 369 | 243 | 894 | 27.5% |
Turkey | 352 | 147 | 263 | 819 | 32.5% |
Brazil | 59.4 | 33.7 | 72.2 | 809 | 138.8% |
Slovenia | 148 | 81.8 | 509 | 468 | 46.8% |
Poland | 339 | 573 | 913 | 453 | 10.1% |
Russia | 83.5 | 452 | 134 | 410 | 70.0% |
United Kingdom | 671 | 225 | 295 | 311 | -22.6% |
Switzerland | 167 | 193 | 199 | 268 | 17.1% |
Others | 1,283 | 1,391 | 3,419 | 2,891 | 31.1% |
Total | 9,337 | 8,043 | 13,073 | 21,417 | 31.9% |
Top Export Markets for Benzoic Acid from Italy in 2022:
- United States (1292.1 tons)
- Germany (731.3 tons)
- China (281.5 tons)
- Spain (261.8 tons)
- France (221.7 tons)
- Netherlands (184.0 tons)
- Turkey (149.9 tons)
- Brazil (147.7 tons)
- Russia (126.2 tons)
- Poland (112.3 tons)
- United Kingdom (86.3 tons)
- Slovenia (74.7 tons)
- Switzerland (64.8 tons)
This report provides an in-depth analysis of the benzoic acid market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The import trend for Benzoic Acid remained relatively unchanged, while the value of imports increased to $3.1M in September 2023.
Imports of Acrylic Acid Esters reached a peak of 12K tons, but dramatically declined in the subsequent month. In terms of value, imports of acrylic acid esters dropped significantly to $12M in July 2023.
In March 2023, the methacrylic acid price stood at $2,550 per ton (CIF, Italy), dropping by -4.7% against the previous month.
In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...