World - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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Benzoic acid market: get new facts and figures secured by an Ai-driven business intelligence platform. Info provide market prices, companies, consumption, imports, trade, market size, production, and exports. There is a breakdown by region, including the Middle East, China, the U.S., Latin America, the U.K., Africa, Russia, and EU. Market insights and outlook to 2030 are also provided in the snapshots.
Benzoic Acid - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | India |
| 2 | Japan |
| 3 | United States |
| 4 | China |
| 5 | Indonesia |
In value terms, the largest benzoic acid markets worldwide were India, Japan and the United States, with a combined 45% share of the global market. These countries were followed by China, Indonesia, Turkey, South Korea, Canada, Germany, Mexico, the Netherlands, Brazil and Italy, which together accounted for a further 34%.
In terms of the main consuming countries, the Netherlands (+70.0% per year) saw the highest growth rate of market size, over the period under review, while benzoic acid market for the other global leaders experienced more modest paces of growth.
Benzoic Acid Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Romania | 1199 | 1174 | 917 | -12.5% |
| China | 1551 | 1312 | 1080 | -16.6% |
| Estonia | 1559 | 1481 | 1402 | -5.2% |
| Netherlands | 1587 | 1538 | 1464 | -4.0% |
| France | 2014 | 2220 | 1895 | -3.0% |
| Germany | 2073 | 2271 | 2648 | 13.0% |
| United States | 2856 | 3365 | 2883 | 0.5% |
| Average | 1833 | 1758 | 1637 | -5.5% |
Prices varied noticeably by the country of origin; the country with the highest price was the United States ($2,883 per ton), while Romania ($917 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced mixed trends in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| India | 1485 | 1288 | 2587 | 32.0% |
| Russia | 1653 | 1810 | 2280 | 17.4% |
| Belgium | 1474 | 1993 | 1886 | 13.1% |
| France | 1975 | 1837 | 1880 | -2.4% |
| Brazil | 2097 | 2522 | 1869 | -5.6% |
| Mexico | 1854 | 1869 | 1819 | -0.9% |
| United Kingdom | 1874 | 2017 | 1802 | -1.9% |
| Germany | 1677 | 1643 | 1651 | -0.8% |
| United States | 2054 | 1669 | 1586 | -12.1% |
| Netherlands | 1746 | 2063 | 1576 | -5.0% |
| Italy | 1696 | 1663 | 1573 | -3.7% |
| Indonesia | 1667 | 1650 | 1519 | -4.5% |
| Turkey | 1470 | 1372 | 1170 | -10.8% |
| Average | 1863 | 1832 | 1826 | -1.0% |
Prices varied noticeably by the country of destination; the country with the highest price was India ($2,587 per ton), while Turkey ($1,170 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.
Benzoic Acid - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| United States | 67 | 56 | 58 | -7.5% |
| Germany | 51 | 50 | 44 | -7.7% |
| India | 10 | 9.9 | 37 | 89.0% |
| Belgium | 25 | 28 | 27 | 3.5% |
| Brazil | 23 | 23 | 26 | 7.1% |
In value terms, the largest benzoic acid importing markets worldwide were the United States ($58M), Germany ($44M) and India ($37M), together comprising 24% of global imports.
In terms of the main importing countries, India (+89.0% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Benzoic Acid - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Netherlands | 139 | 131 | 165 | 8.8% |
| China | 133 | 118 | 100 | -13.2% |
| Estonia | 52 | 54 | 55 | 3.7% |
| United States | 52 | 51 | 45 | -7.2% |
| France | 27 | 26 | 21 | -11.8% |
In value terms, the largest benzoic acid supplying countries worldwide were the Netherlands ($165M), China ($100M) and Estonia ($55M), with a combined 64% share of global exports.
In terms of the main exporting countries, the Netherlands recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.
Benzoic Acid - Market Forecast
Driven by increasing demand for benzoic acid worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Benzoic Acid - Product Coverage
- HS 291631 - Acids; aromatic monocarboxylic acids, benzoic acid, its salts and esters
This report provides an in-depth analysis of the global benzoic acid market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143363 - Benzoic acid, its salts and esters
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
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