Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Belgium - 2023

Contents:

1. Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Belgium (CIF) - 2022
2. Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Belgium (FOB) - 2022
3. Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Belgium
4. Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Belgium

Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Belgium (CIF) - 2022

The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $230,990 per ton in 2022, surging by 78% against the previous year. Overall, the import price recorded a significant increase. The pace of growth appeared the most rapid in 2019 an increase of 344%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($393,038 per ton), while the price for Germany ($74,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+44.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Belgium (FOB) - 2022

In 2022, the average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $40,942 per ton, reducing by -12.8% against the previous year. In general, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of 55%. Over the period under review, the average export prices reached the maximum at $48,964 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($91,500 per ton), while the average price for exports to Portugal ($13,000 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 Switzerland (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Belgium

In 2022, the amount of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses imported into Belgium declined rapidly to 199 kg, reducing by -70.9% against 2021. Over the period under review, imports faced a precipitous decline. The pace of growth appeared the most rapid in 2021 when imports increased by 256%. As a result, imports attained the peak of 684 kg, and then reduced sharply in the following year.

In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses dropped notably to $46K in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 164%. As a result, imports attained the peak of $89K, and then dropped rapidly in the following year.

Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Belgium in 2022:

1. France (95.0 kg)
2. United States (78.0 kg)
3. Spain (22.0 kg)
4. Germany (3.0 kg)

Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Belgium

In 2022, approx. 52 kg of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses were exported from Belgium; increasing by 21% compared with the year before. Over the period under review, exports, however, recorded a precipitous decline. The pace of growth appeared the most rapid in 2021 when exports increased by 30%.

In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $2.1K in 2022. In general, exports, however, faced a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 67%.

Top Export Markets for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts from Belgium in 2022:

1. Poland (16.0 kg)
2. Israel (13.0 kg)
3. Germany (7.0 kg)
4. France (4.0 kg)
5. Italy (3.0 kg)
6. Russia (3.0 kg)
7. Netherlands (2.0 kg)
8. Portugal (1.0 kg)
9. United Kingdom (1.0 kg)
10. Greece (1.0 kg)
11. Hungary (1.0 kg)

Source: IndexBox Market Intelligence Platform