Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Greece - 2023
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Greece (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Greece
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Greece (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $32,355 per ton in 2022, rising by 193% against the previous year. Overall, the import price recorded strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +6.7% per year.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Greece
In 2022, after three years of growth, there was significant decline in overseas purchases of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses, when their volume decreased by -29.6% to 425 kg. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. As a result, imports attained the peak of 604 kg, and then shrank rapidly in the following year.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses soared to $14K in 2022. Over the period under review, imports, however, posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.0 | 3.5 | 6.2 | 4.9 | 17.8% |
| Germany | N/A | N/A | 0.5 | N/A | 0% |
| Italy | N/A | 1.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 8.8 | 0% |
| Total | 3.0 | 4.5 | 6.7 | 13.8 | 66.3% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Greece in 2022:
- Spain (423.0 kg)
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