Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the UK - 2023
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the UK (CIF) - 2022
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the UK (FOB) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the UK
- Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the UK
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the UK (CIF) - 2022
In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $3,585 per ton, surging by 17% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +29.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 60% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,646 per ton), while the price for France ($1,364 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+5.7%), 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 the UK (FOB) - 2022
The average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $137,130 per ton in 2022, remaining stable against the previous year. Overall, the export price enjoyed significant growth. The growth pace was the most rapid in 2018 when the average export price increased by 252% against the previous year. As a result, the export price attained the peak level of $291,500 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Ireland.
From 2012 to 2022, the rate of growth in terms of prices for Ireland amounted to +27.0% per year.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the UK
In 2022, the amount of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses imported into the UK reduced notably to 45 tons, waning by -15% compared with the previous year. Overall, imports continue to indicate a precipitous curtailment. The smallest decline of -9.2% was in 2020.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses declined modestly to $163K in 2022. In general, imports faced a significant curtailment.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.1 | N/A | 53.2 | 83.0 | 66.1% |
| China | 2,424 | 1,937 | 4.1 | 44.2 | -73.7% |
| France | 19.5 | 196 | 32.5 | 24.6 | 8.1% |
| India | N/A | N/A | N/A | 8.7 | 0% |
| Others | 59.0 | 48.8 | 73.7 | 2.3 | -66.1% |
| Total | 2,521 | 2,183 | 164 | 163 | -59.9% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to the UK in 2022:
- France (18.0 tons)
- China (14.8 tons)
- United States (9.6 tons)
- India (2.9 tons)
Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the UK
For the third year in a row, the UK recorded decline in overseas shipments of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses, which decreased by 0% to 23 kg in 2022. In general, exports recorded a dramatic contraction. The smallest decline of -97.6% was in 2020.
In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $3.2K in 2022. Over the period under review, exports saw a precipitous descent. The smallest decline of -97.4% was in 2020.
| Export of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | N/A | N/A | N/A | 3.2 | 0% |
| United States | 238 | 5.2 | N/A | N/A | -97.8% |
| Others | 0.1 | 1.1 | N/A | N/A | 1000.0% |
| Total | 238 | 6.3 | N/A | 3.2 | -76.2% |
Top Export Markets for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts from the UK in 2022:
- Ireland (23.0 kg)
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