Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Australia - 2024
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Australia (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Australia
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Australia (CIF) - 2022
In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $396,917 per ton, growing by 60% against the previous year. Overall, the import price showed a prominent increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 144%. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($518,325 per ton), while the price for China amounted to $210,135 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Australia
In 2022, purchases abroad of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses decreased by -58% to 132 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of 314 kg, and then fell rapidly in the following year.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses fell dramatically to $52K in 2022. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 24%.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 52.0 | 67.2 | 75.2 | 41.5 | -7.2% |
| China | 4.5 | 1.6 | 0.9 | 10.9 | 34.3% |
| Germany | 1.2 | N/A | N/A | N/A | 0% |
| India | N/A | 3.1 | 1.8 | N/A | -41.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 57.8 | 71.9 | 77.8 | 52.4 | -3.2% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Australia in 2022:
- United States (80.0 kg)
- China (52.0 kg)
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