Argentina: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Argentina

The Argentinian phenylacetic acid market was estimated at $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Phenylacetic Acid Exports

Exports from Argentina

In 2022, exports of phenylacetic acid, its salts and esters from Argentina expanded significantly to X tons, increasing by X% on the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, phenylacetic acid exports contracted modestly to $X in 2022. Overall, exports, however, showed a deep contraction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), Panama (X tons) and Brazil (X kg) were the main destinations of phenylacetic acid exports from Argentina, together comprising X% of total exports. Italy, Uruguay and Bolivia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for phenylacetic acid exported from Argentina were Italy ($X), Panama ($X) and India ($X), together accounting for X% of total exports.

In terms of the main countries of destination, India, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average phenylacetic acid export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to India ($X 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 Bolivia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenylacetic Acid Imports

Imports into Argentina

In 2022, imports of phenylacetic acid, its salts and esters into Argentina skyrocketed to X tons, growing by X% compared with the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, phenylacetic acid imports reached $X in 2022. Overall, imports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of phenylacetic acid to Argentina, with a X% share of total imports. Moreover, phenylacetic acid imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, the United States ($X) constituted the largest supplier of phenylacetic acid, its salts and esters to Argentina, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

The average phenylacetic acid import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price, however, continues to indicate a noticeable expansion. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 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 India ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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