Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Austria - 2023
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Austria (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Austria
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Austria (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $4,420 per ton in 2022, jumping by 32% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 103%. As a result, import price attained the peak level of $6,740 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +36.2% per year.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Austria
In 2022, after three years of growth, there was significant decline in purchases abroad of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses, when their volume decreased by -20.2% to 4.1 tons. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 92%.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses totaled $18K in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 108%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.9 | 14.9 | 16.0 | 17.8 | 53.7% |
| Others | 3.3 | 2.3 | 1.4 | 0.5 | -46.7% |
| Total | 8.3 | 17.1 | 17.4 | 18.3 | 30.2% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Austria in 2022:
- Germany (4.1 tons)
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