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

Contents:

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

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

In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $23,903 per ton, which is down by -1.7% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2016 when the average import price increased by 51%. The import price peaked at $24,316 per ton in 2021, and then dropped modestly in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +13.8% per year.

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

Imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses into Venezuela was estimated at 351 kg in 2022, leveling off at the previous year. In general, imports saw a relatively flat trend pattern. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses shrank to $8.4K in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 3.5% against the previous year.

Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States8.08.28.58.41.6%
OthersN/AN/AN/AN/A0%
Total8.08.28.58.41.6%

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

  1. United States (351.0 kg)

Source: IndexBox Market Intelligence Platform

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