Egypt: Phenylacetic Acid Market 2025

Phenylacetic Acid Market Size in Egypt

The Egyptian phenylacetic acid market shrank notably to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a noticeable slump. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Phenylacetic Acid Exports

Exports from Egypt

In 2022, shipments abroad of phenylacetic acid, its salts and esters increased by X% to X tons, rising for the third consecutive year after four years of decline. Overall, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, phenylacetic acid exports surged to $X in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ireland (X tons) was the main destination for phenylacetic acid exports from Egypt, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland was relatively modest.

In value terms, Ireland ($X) emerged as the key foreign market for phenylacetic acid, its salts and esters exports from Egypt.

From 2012 to 2022, the average annual growth rate of value to Ireland was relatively modest.

Export Prices by Country

The average phenylacetic acid export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price showed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Phenylacetic Acid Imports

Imports into Egypt

In 2022, overseas purchases of phenylacetic acid, its salts and esters decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, imports showed a perceptible contraction. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, phenylacetic acid imports declined remarkably to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), France (X tons) and the United States (X tons) were the main suppliers of phenylacetic acid imports to Egypt, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), France ($X) and the United States ($X) constituted the largest phenylacetic acid suppliers to Egypt, with a combined X% share of total imports.

In terms of the main suppliers, France, with a CAGR of X%, recorded 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

The average phenylacetic acid import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, import price indicated buoyant growth 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 growth pace was the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and India ($X per ton), while the price for China ($X per ton) and France ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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