Netherlands: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in the Netherlands

The Dutch phenylacetic acid market dropped significantly to $X in 2022, shrinking by X% against the previous year. Overall, consumption saw a deep setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Phenylacetic Acid Production in the Netherlands

In value terms, phenylacetic acid production fell significantly to $X in 2022 estimated in export price. Overall, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Phenylacetic acid production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Phenylacetic Acid Exports

Exports from the Netherlands

In 2022, overseas shipments of phenylacetic acid, its salts and esters increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume 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 2019 indices. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, phenylacetic acid exports soared to $X in 2022. Over the period under review, exports posted a perceptible expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Greece (X tons), Italy (X tons) and Germany (X tons) were the main destinations of phenylacetic acid exports from the Netherlands, with a combined X% share of total exports. Turkey, Indonesia, Egypt, Belgium and Spain lagged somewhat behind, together accounting for 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 Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Greece ($X) remains the key foreign market for phenylacetic acid, its salts and esters exports from the Netherlands, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average phenylacetic acid export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Egypt ($X per ton), while the average price for exports to Spain ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenylacetic Acid Imports

Imports into the Netherlands

In 2022, purchases abroad of phenylacetic acid, its salts and esters decreased by X% to X tons for the first time since 2013, thus ending a eight-year rising trend. Overall, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, phenylacetic acid imports dropped sharply to $X in 2022. In general, imports showed a mild decline. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

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

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

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

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (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, increasing by X% against the previous year. In general, import price indicated a perceptible 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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