Austria: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Austria

The Austrian phenylacetic acid market fell notably to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, saw a significant increase. Phenylacetic acid consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Phenylacetic Acid Production in Austria

In value terms, phenylacetic acid production declined to $X in 2022 estimated in export price. In general, production, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Phenylacetic acid production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Phenylacetic Acid Exports

Exports from Austria

Phenylacetic acid exports from Austria soared to X tons in 2022, growing by X% on the year before. Overall, exports, however, recorded a sharp downturn. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, phenylacetic acid exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Croatia (X tons) was the main destination for phenylacetic acid exports from Austria, with a X% share of total exports. Moreover, phenylacetic acid exports to Croatia exceeded the volume sent to the second major destination, the Czech Republic (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Croatia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Germany (X% per year).

In value terms, Germany ($X) remains the key foreign market for phenylacetic acid, its salts and esters exports from Austria, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United States (X% per year).

Export Prices by Country

The average phenylacetic acid export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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

Phenylacetic Acid Imports

Imports into Austria

In 2022, overseas purchases of phenylacetic acid, its salts and esters increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, phenylacetic acid imports surged to $X in 2022. In general, imports posted a temperate expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of phenylacetic acid to Austria, accounting for a X% share of total imports. Moreover, phenylacetic acid imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

In value terms, the largest phenylacetic acid suppliers to Austria were Germany ($X), China ($X) and the United States ($X), with a combined X% share of total imports. India, Switzerland and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Switzerland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average phenylacetic acid import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price saw a strong increase. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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