Report Update: Nov 1, 2024

World - Phenylacetic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights

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Phenylacetic acid market

Phenylacetic acid market: read new datasets secured by an Ai-driven market intelligence platform. Facts and figures provide trade, production, companies, imports, exports, market size, market prices, and consumption. Here is a breakdown by region, including the U.S., Russia, China, Latin America, Africa, the U.K., the Middle East, and EU. Market dynamics and forecast to 2030 are also provided in the dashboards.

Phenylacetic Acid - World's Largest Markets

Rating	Country
1	China
2	India
3	Pakistan
4	United States
5	Mexico

In value terms, China led the market, alone. The second position in the ranking was occupied by India. It was followed by Pakistan.

From 2018 to 2020, the average annual rate of growth in terms of value in China totaled +8.3%. In the other countries, the average annual rates were as follows: India (+10.2% per year) and Pakistan (-3.8% per year).

Phenylacetic Acid Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Japan	8300	9328	7922	-2.3%
Belgium	8480	9076	9069	3.4%
China	10450	12523	11007	2.6%
India	11849	13428	14723	11.5%
Germany	15938	14245	14969	-3.1%
United States	11071	14363	15629	18.8%
Average	11524	13301	12443	3.9%

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($15,629 per ton), while Japan ($7,922 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Japan	18569	21597	23130	11.6%
Italy	15741	16173	17055	4.1%
South Korea	11915	14130	17005	19.5%
Germany	13674	13901	16281	9.1%
Brazil	16789	21558	15309	-4.5%
United Kingdom	10183	11897	13945	17.0%
Netherlands	9458	11427	13235	18.3%
India	10097	10757	12935	13.2%
Spain	11936	13692	12439	2.1%
Belgium	6797	8888	12353	34.8%
United States	10752	12498	10114	-3.0%
Taiwan (Chinese)	6822	6461	6982	1.2%
Malaysia	4514	4741	3393	-13.3%
Average	11787	13323	13531	7.1%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($23,130 per ton), while Malaysia ($3,393 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.

Phenylacetic Acid - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
India	88	119	136	24.4%
United States	137	131	121	-6.0%
Germany	60	69	83	17.0%
Italy	68	66	72	3.0%
Japan	56	63	63	6.2%

In value terms, the largest phenylacetic acid importing markets worldwide were India ($136M), the United States ($122M) and Germany ($83M), with a combined 36% share of global imports. These countries were followed by Italy, Japan, South Korea, Belgium, the UK, the Netherlands, Spain, Brazil, Taiwan (Chinese) and Malaysia, which together accounted for a further 35%.

Among the main importing countries, Belgium (+88.8% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Phenylacetic Acid - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
China	400	456	412	1.5%
India	73	89	85	7.6%
United States	50	67	63	12.1%
Germany	39	35	55	19.5%
Belgium	8.2	9.1	23	65.8%

In value terms, China ($412M) remains the largest phenylacetic acid supplier worldwide, comprising 55% of global exports. The second position in the ranking was occupied by India ($85M), with a 11% share of global exports. It was followed by the United States, with a 8.4% share.

In China, phenylacetic acid exports expanded at an average annual rate of +1.5% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: India (+7.6% per year) and the United States (+12.1% per year).

Phenylacetic Acid - Market Forecast

Driven by increasing demand for phenylacetic acid worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, 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.

Phenylacetic Acid - Product Coverage

HS 291634 - Acids; aromatic monocarboxylic acids, phenylacetic acid and its salts
HS 291639 - Acids; aromatic monocarboxylic acids, n.e.s. in item no. 2916.3

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global phenylacetic 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 20143367 - Phenylacetic acid, its salts and esters
Prodcom 20143370 - Aromatic monocarboxylic acids, (anhydrides), halides, p eroxides, peroxyacids, derivatives excluding benzoic acid, p henylacetic acids their salts/esters, benzoyl peroxide, b enzoyl chloride

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ 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

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023