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

Contents:

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

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

The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $20,976 per ton in 2022, picking up by 38% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses increased by +46.2% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($264,212 per ton), while the price for Spain ($9,327 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.0%), 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 France (FOB) - 2022

The average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $91,200 per ton in 2022, shrinking by -55.8% against the previous year. In general, the export price saw a dramatic curtailment. Over the period under review, the average export prices hit record highs at $206,296 per ton in 2021, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($1,177,154 per ton), while the average price for exports to the UK ($50,774 per ton) was amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-40.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses imported into France reduced to 16 tons, with a decrease of -14.8% compared with the previous year's figure. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of 19 tons, and then shrank in the following year.

In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses surged to $342K in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Spain (14.5 tons)
2. Germany (1.1 tons)
3. Switzerland (0.4 tons)
4. United States (0.3 tons)

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

Exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses from France soared to 691 kg in 2022, with an increase of 253% against the year before. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses surged to $63K in 2022. Overall, total exports indicated a significant increase from 2021 to 2022: its value increased at an average annual rate of +55.9% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (659.0 kg)
2. Belgium (13.0 kg)
3. Germany (11.0 kg)

Source: IndexBox Market Intelligence Platform