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Slovakia - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzoic Acid Price in Slovakia - 2023
Contents:
- Benzoic Acid Price in Slovakia (CIF) - 2022
- Benzoic Acid Price in Slovakia (FOB) - 2022
- Benzoic Acid Imports in Slovakia
- Benzoic Acid Exports in Slovakia
Benzoic Acid Price in Slovakia (CIF) - 2022
In 2022, the average benzoic acid import price amounted to $3,672 per ton, jumping by 49% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. Over the period under review, average import prices reached the maximum at $6,219 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($3,635 per ton), while the price for Estonia ($1,833 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Benzoic Acid Price in Slovakia (FOB) - 2022
In 2022, the average benzoic acid export price amounted to $21,105 per ton, jumping by 384% against the previous year. In general, the export price recorded a measured increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($62,417 per ton), while the average price for exports to the Czech Republic ($1,790 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 Austria (-7.7%), while the prices for the other major destinations experienced a decline.
Benzoic Acid Imports in Slovakia
In 2022, supplies from abroad of benzoic acid, its salts and esters decreased by -58.3% to 163 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 4.3% against the previous year. As a result, imports reached the peak of 398 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, benzoic acid imports shrank markedly to $599K in 2022. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 19%. As a result, imports reached the peak of $963K, and then shrank significantly in the following year.
Import of Benzoic Acid in Slovakia (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 157 | 146 | 213 | 172 | 3.1% |
Germany | 256 | 309 | 215 | 117 | -23.0% |
China | 69.0 | 80.9 | 87.0 | 68.2 | -0.4% |
Netherlands | 158 | 143 | 33.3 | 33.1 | -40.6% |
Hungary | N/A | 7.8 | 23.3 | 22.8 | 71.0% |
Estonia | 18.3 | 1.6 | 33.3 | 22.7 | 7.4% |
Poland | 18.5 | 27.1 | 27.3 | 11.9 | -13.7% |
Denmark | N/A | 37.5 | 162 | 1.1 | -82.9% |
Others | 142 | 58.5 | 168 | 151 | 2.1% |
Total | 819 | 811 | 963 | 599 | -9.9% |
Top Suppliers of Benzoic Acid to Slovakia in 2022:
- France (47.2 tons)
- Germany (33.5 tons)
- China (32.0 tons)
- Estonia (12.4 tons)
- Netherlands (12.1 tons)
- Hungary (8.5 tons)
- Poland (4.0 tons)
- Denmark (0.4 tons)
Benzoic Acid Exports in Slovakia
In 2022, overseas shipments of benzoic acid, its salts and esters increased by 155% to 475 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a precipitous curtailment.
In value terms, benzoic acid exports surged to $10K in 2022. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Benzoic Acid in Slovakia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ukraine | N/A | N/A | N/A | 9.0 | 0% |
Czech Republic | 6.2 | 1.4 | 0.4 | 0.4 | -59.9% |
Hungary | N/A | N/A | N/A | 0.4 | 0% |
France | N/A | N/A | 0.4 | 0.3 | -25.0% |
United Arab Emirates | 2.0 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 8.3 | 1.4 | 0.8 | 10.0 | 6.4% |
Top Export Markets for Benzoic Acid from Slovakia in 2022:
- Czech Republic (200.0 kg)
- Ukraine (144.0 kg)
- France (69.0 kg)
- Hungary (60.0 kg)
This report provides an in-depth analysis of the benzoic acid market in Slovakia. 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:
- Slovakia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Slovakia
- 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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