Report Update Nov 1, 2024

Azerbaijan - Phenylacetic Acid, Its Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Azerbaijan

The Azerbaijani phenylacetic acid market reduced modestly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption continues to indicate a mild decline. Phenylacetic acid consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Phenylacetic Acid Production in Azerbaijan

In value terms, phenylacetic acid production declined to $X in 2022 estimated in export price. In general, production showed a slight reduction. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Phenylacetic Acid Exports

Exports from Azerbaijan

In 2022, shipments abroad of phenylacetic acid, its salts and esters decreased by X% to X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a dramatic shrinkage. The smallest decline of X% was in 2020. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, phenylacetic acid exports stood at $X in 2022. Over the period under review, exports faced a sharp curtailment. The smallest decline of X% was in 2020. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Tajikistan (X kg) was the main destination for phenylacetic acid exports from Azerbaijan, with a approx. X% share of total exports.

From 2019 to 2022, the average annual rate of growth in terms of volume to Tajikistan was relatively modest.

From 2019 to 2022, the average annual growth rate of value to Tajikistan was relatively modest.

Export Prices by Country

The average phenylacetic acid export price stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price saw a sharp downturn. The most prominent rate of growth was recorded in 2020 when the average export price decreased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Tajikistan.

From 2019 to 2022, the rate of growth in terms of prices for Tajikistan amounted to X% per year.

Phenylacetic Acid Imports

Imports into Azerbaijan

In 2022, phenylacetic acid imports into Azerbaijan soared to X kg, with an increase of X% compared with 2021 figures. Over the period under review, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, phenylacetic acid imports surged to $X in 2022. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X kg) was the main supplier of phenylacetic acid to Azerbaijan, accounting for a X% share of total imports. It was followed by Germany (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%.

In value terms, Turkey ($X) constituted the largest supplier of phenylacetic acid, its salts and esters to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to X%.

Import Prices by Country

The average phenylacetic acid import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price saw a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phenylacetic acid, its salts and esters in the world?

China remains the largest phenylacetic acid consuming country worldwide, accounting for 24% of total volume. Moreover, phenylacetic acid consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.8% share.

What are the largest producers of phenylacetic acid, its salts and esters in the world?

China remains the largest phenylacetic acid producing country worldwide, accounting for 50% of total volume. Moreover, phenylacetic acid production in China exceeded the figures recorded by the second-largest producer, India, eightfold. Pakistan ranked third in terms of total production with a 4.9% share.

What are the leading suppliers of phenylacetic acid, its salts and esters to Azerbaijan?

In value terms, Germany $293) constituted the largest supplier of phenylacetic acid to Azerbaijan, comprising 84% of total imports. The second position in the ranking was occupied by India $55), with a 16% share of total imports.

What is the average import price for phenylacetic acid, its salts and esters in Azerbaijan?

The average phenylacetic acid import price stood at $12,351 per ton in 2020, jumping by 22% against the previous year.

This report provides an in-depth analysis of the phenylacetic acid market in Azerbaijan. 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:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023