Germany: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Germany

In 2022, the German phenylacetic acid market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption saw a pronounced downturn. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Phenylacetic Acid Production in Germany

In value terms, phenylacetic acid production surged to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase 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 increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Phenylacetic acid production peaked in 2022 and is expected to retain growth in the near future.

Phenylacetic Acid Exports

Exports from Germany

In 2022, overseas shipments of phenylacetic acid, its salts and esters increased by X% to X tons, rising for the third year in a row after five years of decline. Over the period under review, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, phenylacetic acid exports soared to $X in 2022. Overall, total exports indicated a modest increase 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, exports increased by X% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons), the United States (X tons) and the UK (X tons) were the main destinations of phenylacetic acid exports from Germany, with a combined X% share of total exports. The Netherlands, Italy, Turkey, Austria, France, Poland, Canada, Switzerland, Russia and Greece lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), the UK ($X) and France ($X) constituted the largest markets for phenylacetic acid exported from Germany worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Canada, 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 more modest paces of growth.

Export Prices by Country

The average phenylacetic acid export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated a moderate expansion 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. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Spain ($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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenylacetic Acid Imports

Imports into Germany

In 2022, after four years of growth, there was significant decline in supplies from abroad of phenylacetic acid, its salts and esters, when their volume decreased by X% to X tons. Over the period under review, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, phenylacetic acid imports shrank markedly to $X in 2022. Overall, imports showed a pronounced descent. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and the United States (X tons) were the main suppliers of phenylacetic acid imports to Germany, together accounting for X% of total imports. Italy, the Netherlands, Belgium, Denmark and Poland lagged somewhat behind, together comprising a further X%.

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

In value terms, India ($X), China ($X) and Italy ($X) constituted the largest phenylacetic acid suppliers to Germany, with a combined X% share of total imports. The United States, Belgium, the Netherlands, Denmark and Poland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Denmark, 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

In 2022, the average phenylacetic acid import price amounted to $X per ton, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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