Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Portugal - 2022

Contents:

1. Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Portugal (CIF) - 2022
2. Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Portugal

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

The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $14,333 per ton in 2022, increasing by 52% against the previous year. Overall, the import price continues to indicate a mild increase. The pace of growth appeared the most rapid in 2019 an increase of 129% against the previous year. As a result, import price attained the peak level of $39,000 per ton. From 2020 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 France.

From 2013 to 2022, the rate of growth in terms of prices for France amounted to +4.5% per year.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses, when their volume decreased by -99.8% to 3 kg. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 146,000%. As a result, imports reached the peak of 1.5 tons, and then declined significantly in the following year.

In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses shrank rapidly to $43 in 2022. Over the period under review, imports, however, recorded a perceptible increase. The pace of growth was the most pronounced in 2021 when imports increased by 76,372%. As a result, imports reached the peak of $14K, and then plummeted in the following year.

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

1. France (3.0 kg)

Source: IndexBox Market Intelligence Platform