Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Italy - 2023
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Italy (CIF) - 2022
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Italy (FOB) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Italy
- Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Italy
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Italy (CIF) - 2022
In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $12,188 per ton, waning by -25.7% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 137%. Over the period under review, average import prices hit record highs at $30,092 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 Spain ($19,514 per ton), while the price for Germany stood at $11,805 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+16.1%), 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 Italy (FOB) - 2022
The average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $12,897 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price saw a precipitous decrease. The pace of growth was the most pronounced in 2021 when the average export price decreased by 99.9% against the previous year. The export price peaked at $49,667 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($13,158 per ton), while the average price for exports to the Netherlands amounted to $3,000 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+73.2%).
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Italy
In 2022, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses into Italy soared to 4.2 tons, with an increase of 235% compared with 2021. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses skyrocketed to $52K in 2022. In general, imports, however, continue to indicate a abrupt shrinkage.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 27.1 | 34.2 | 5.9 | 47.4 | 20.5% |
| Spain | 3.4 | 7.3 | 12.7 | 4.1 | 6.4% |
| United Kingdom | 26.6 | N/A | 1.2 | N/A | -78.8% |
| France | 14.3 | 0.3 | 0.8 | N/A | -76.3% |
| Others | 0.1 | 3.0 | N/A | 0.1 | 0.0% |
| Total | 71.5 | 44.7 | 20.7 | 51.5 | -10.4% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Italy in 2022:
- Germany (4.0 tons)
- Spain (0.2 tons)
Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Italy
In 2022, the amount of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses exported from Italy totaled 39 kg, therefore, remained relatively stable against 2021. Overall, exports faced a dramatic setback. The smallest decline of 99.9% was in 2021.
In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses totaled $503 in 2022. In general, exports continue to indicate a sharp curtailment. The smallest decline of 99.9% was in 2021.
| Export of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Italy (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| South Korea | N/A | N/A | 500 | 0% | |
| Netherlands | 1.0 | N/A | 3.0 | 73.2% | |
| Belgium | 314 | N/A | N/A | 0% | |
| Greece | 691 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1,006 | N/A | 503 | -29.3% | |
Top Export Markets for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts from Italy in 2022:
- South Korea (38.0 kg)
- Netherlands (1.0 kg)
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