Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in China - 2023
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in China (FOB) - 2022
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in China (CIF) - 2022
- Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in China
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in China
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in China (FOB) - 2022
The average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $8,587 per ton in 2022, surging by 56% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($13,553 per ton), while the average price for exports to the United States ($5,678 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in China (CIF) - 2022
In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $13,285 per ton, declining by -9.2% against the previous year. Overall, the import price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 833%. The import price peaked at $14,625 per ton in 2021, and then declined in the following year.
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 France ($20,179 per ton), while the price for India ($13,105 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+73.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in China
In 2022, overseas shipments of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses increased by 0.5% to 439 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a sharp decline.
In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses soared to $3.8M in 2022. Overall, exports, however, continue to indicate a abrupt slump.
| Export of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.2 | 1.2 | 1.3 | 1.9 | 16.6% |
| United States | 2.8 | 1.2 | 0.9 | 1.6 | -17.0% |
| United Kingdom | 1.8 | 1.1 | N/A | N/A | -38.9% |
| Others | 0.4 | 0.4 | 0.2 | 0.3 | -9.1% |
| Total | 6.3 | 3.8 | 2.4 | 3.8 | -15.5% |
Top Export Markets for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts from China in 2022:
- United States (285.9 tons)
- Germany (137.8 tons)
- United Kingdom (1.8 tons)
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in China
In 2022, approx. 17 tons of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses were imported into China; jumping by 335% against 2021. Over the period under review, imports recorded a strong increase.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses skyrocketed to $227K in 2022. Overall, imports enjoyed a remarkable increase.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 87.0 | 250 | 40.5 | 220 | 36.2% |
| France | 12.5 | 4.4 | 0.9 | 0.8 | -60.0% |
| Canada | 40.1 | 15.6 | 3.2 | N/A | -71.8% |
| Others | 10.3 | 10.3 | 12.8 | 6.3 | -15.1% |
| Total | 150 | 281 | 57.4 | 227 | 14.8% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to China in 2022:
- India (16.8 tons)
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