Canada: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Canada

The Canadian phenylacetic acid market skyrocketed to $X in 2022, surging by X% against the previous year. Overall, consumption showed a pronounced increase. Phenylacetic acid consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Phenylacetic Acid Production in Canada

In value terms, phenylacetic acid production reached $X in 2022 estimated in export price. Overall, production recorded a moderate expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Phenylacetic acid production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Phenylacetic Acid Exports

Exports from Canada

Phenylacetic acid exports from Canada skyrocketed to X tons in 2022, picking up by X% against 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, phenylacetic acid exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for phenylacetic acid exports from Canada, with a X% share of total exports. Moreover, phenylacetic acid exports to France exceeded the volume sent to the second major destination, the United States (X tons), twofold. Brazil (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Brazil (X% per year).

In value terms, the largest markets for phenylacetic acid exported from Canada were France ($X), the United States ($X) and Japan ($X), together comprising X% of total exports. Brazil lagged somewhat behind, comprising a further X%.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average phenylacetic acid export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price faced a abrupt decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to France ($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 France (X%), while the prices for the other major destinations experienced a decline.

Phenylacetic Acid Imports

Imports into Canada

Phenylacetic acid imports into Canada soared to X tons in 2022, jumping by X% compared with the previous year. Overall, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, phenylacetic acid imports soared to $X in 2022. Over the period under review, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of phenylacetic acid imports to Canada, with a combined X% share of total imports. Italy, India, Brazil and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

The average phenylacetic acid import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price 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, phenylacetic acid import price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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