Czech Republic: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in the Czech Republic

The Czech phenylacetic acid market soared to $X in 2022, jumping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Phenylacetic Acid Production in the Czech Republic

In value terms, phenylacetic acid production expanded significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Phenylacetic acid production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Phenylacetic Acid Exports

Exports from the Czech Republic

In 2022, approx. X tons of phenylacetic acid, its salts and esters were exported from the Czech Republic; jumping by X% on 2021 figures. Overall, exports enjoyed a notable increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. 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 rose markedly to $X in 2022. Over the period under review, exports enjoyed strong growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

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

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

In value terms, Germany ($X), the United States ($X) and Hungary ($X) were the largest markets for phenylacetic acid exported from the Czech Republic worldwide, with a combined X% share of total exports.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to 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, however, continues to indicate moderate growth. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 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 the United States ($X,783 per ton), while the average price for exports to France ($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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenylacetic Acid Imports

Imports into the Czech Republic

In 2022, purchases abroad of phenylacetic acid, its salts and esters increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, phenylacetic acid imports soared to $X in 2022. Over the period under review, imports posted a pronounced increase. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of phenylacetic acid imports to the Czech Republic, with a combined X% share of total imports. Belgium, India, Denmark, the Netherlands and the United States 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 Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

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

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, import price indicated a perceptible 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 decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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