Denmark: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Denmark

The Danish phenylacetic acid market fell to $X in 2022, remaining stable against the previous year. In general, consumption showed a noticeable reduction. Phenylacetic acid consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Phenylacetic Acid Production in Denmark

In value terms, phenylacetic acid production shrank rapidly to $X in 2022 estimated in export price. Overall, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Phenylacetic Acid Exports

Exports from Denmark

Phenylacetic acid exports from Denmark skyrocketed to X tons in 2022, with an increase of X% compared with the previous year's figure. Overall, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, phenylacetic acid exports fell rapidly to $X in 2022. In general, exports, however, saw a deep reduction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for phenylacetic acid exports from Denmark, with a X% share of total exports. Moreover, phenylacetic acid exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), threefold. Iceland (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for phenylacetic acid exported from Denmark were Sweden ($X), Iceland ($X) and Belgium ($X), together comprising X% of total exports.

Among the main countries of destination, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average phenylacetic acid export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price saw a noticeable curtailment. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Poland ($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 Sweden (X%), while the prices for the other major destinations experienced a decline.

Phenylacetic Acid Imports

Imports into Denmark

In 2022, supplies from abroad of phenylacetic acid, its salts and esters decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, phenylacetic acid imports shrank dramatically to $X in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 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 Denmark, with a X% share of total imports. Moreover, phenylacetic acid imports from Germany exceeded the figures recorded by the second-largest supplier, Norway (X tons), ninefold. Belgium (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 Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Belgium (X% per year).

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

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

Import Prices by Country

In 2022, the average phenylacetic acid import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :