Peru - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzoic Acid Price in Peru - 2021
Contents:
- Benzoic Acid Price in Peru (CIF) - 2021
- Benzoic Acid Price in Peru (FOB) - 2022
- Benzoic Acid Imports in Peru
- Benzoic Acid Exports in Peru
Benzoic Acid Price in Peru (CIF) - 2021
The average benzoic acid import price stood at $4,614 per ton in April 2020, picking up by 129% against the previous month. Over the period under review, the import price continues to indicate a significant expansion. The pace of growth was the most pronounced in February 2020 an increase of 265% against the previous month. As a result, import price attained the peak level of $7,266 per ton. From March 2020 to April 2020, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($5,532 per ton), while the price for China ($1,474 per ton) was amongst the lowest.
From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Benzoic Acid Price in Peru (FOB) - 2022
In 2022, the average benzoic acid export price amounted to $2,567 per ton, with an increase of 1.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 39% against the previous year. As a result, the export price attained the peak level of $2,663 per ton. From 2015 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 Venezuela ($5,000 per ton), while the average price for exports to Free Zones amounted to $2,533 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+6.5%).
Benzoic Acid Imports in Peru
In 2022, after three years of growth, there was significant decline in overseas purchases of benzoic acid, its salts and esters, when their volume decreased by -16% to 997 tons. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. As a result, imports reached the peak of 1.2K tons, and then contracted notably in the following year.
In value terms, benzoic acid imports shrank markedly to $2M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 61%. As a result, imports reached the peak of $2.5M, and then contracted dramatically in the following year.
Import of Benzoic Acid in Peru (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 510 | 666 | 975 | 792 | 15.8% |
China | 388 | 361 | 891 | 725 | 23.2% |
Chile | 403 | 200 | 28.2 | 228 | -17.3% |
Netherlands | N/A | 66.2 | 144 | 117 | 32.9% |
Estonia | 48.6 | 85.4 | 49.3 | 56.0 | 4.8% |
Uruguay | 26.1 | 36.3 | 47.1 | 38.3 | 13.6% |
Costa Rica | N/A | 88.0 | 292 | N/A | 231.8% |
Others | 74.0 | 55.1 | 77.4 | 75.5 | 0.7% |
Total | 1,450 | 1,558 | 2,505 | 2,032 | 11.9% |
Top Suppliers of Benzoic Acid to Peru in 2022:
- China (490.2 tons)
- United States (303.1 tons)
- Chile (82.2 tons)
- Netherlands (59.0 tons)
- Estonia (23.2 tons)
- Uruguay (19.9 tons)
Benzoic Acid Exports in Peru
In 2022, the amount of benzoic acid, its salts and esters exported from Peru reduced rapidly to 135 tons, declining by -17.2% on 2021 figures. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 52%.
In value terms, benzoic acid exports fell significantly to $345K in 2022. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 45%.
Export of Benzoic Acid in Peru (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Free Zones | 387 | 276 | 364 | 336 | -4.6% |
Mexico | N/A | N/A | 34.3 | N/A | 0% |
Others | 46.3 | 6.0 | 11.2 | 9.8 | -40.4% |
Total | 433 | 282 | 409 | 345 | -7.3% |
Top Export Markets for Benzoic Acid from Peru in 2022:
- Free Zones (132.5 tons)
This report provides an in-depth analysis of the benzoic acid market in Peru. 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:
- Peru
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Peru
- 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
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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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