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Benzoic Acid imports peaked at 2.6K tons in 2021 but failed to regain momentum from 2022 to 2023. In value terms, imports fell markedly to $5.1M in 2023.
During the period analyzed, imports of Benzoic Acid peaked at 16K tons in 2022 before decreasing in the subsequent year. In terms of value, the import of Benzoic Acid saw a significant decline to $49M in 2023.
During the review period, Benzoic Acid imports peaked at 18K tons in 2022 before experiencing a significant decline the next year. In terms of value, imports of Benzoic Acid sharply decreased to $33M in 2023.
Exports of Benzoic Acid reached a peak of 129K tons in 2021, but remained lower from 2022 to 2023. In terms of value, exports dropped to $151M in 2023.
During the review period, imports of Benzoic Acid peaked at 27K tons in 2018. However, from 2019 to 2023, imports were unable to regain momentum. In terms of value, Benzoic Acid imports significantly decreased to $46M in 2023.
The import trend for Benzoic Acid remained relatively unchanged, while the value of imports increased to $3.1M in September 2023.
In October 2022, the import of Benzoic Acid saw a significant growth rate of 172% month-on-month. However, the value of imports for Benzoic Acid declined to $1.4M in June 2023.
The price of Benzoic Acid in June 2023 was $1,274 per ton (FOB, China), which is approximately the same as the previous month.
The price of Benzoic Acid in June 2023 in Brazil was $1,821 per ton (CIF), showing a decrease of -10.6% compared to the previous month.
In December 2022, the price of benzoic acid decreased 19.2% to $3,258 per ton (CIF, Germany) when compared to the month prior.
In October 2022, the benzoic acid price amounted to $3,468 per ton (CIF, India), falling by -11.7% against the previous month.
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