Peru: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Peru

The Peruvian phenylacetic acid market skyrocketed to $X in 2022, rising 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). Overall, the total consumption indicated a notable 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, consumption increased by X% against 2019 indices. Phenylacetic acid consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Phenylacetic Acid Exports

Exports from Peru

In 2022, overseas shipments of phenylacetic acid, its salts and esters decreased by X% to X kg, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, phenylacetic acid exports reduced remarkably to $X in 2022. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bolivia (X kg) was the main destination for phenylacetic acid exports from Peru, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to X%.

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

From 2012 to 2022, the average annual growth rate of value to Bolivia stood at X%.

Export Prices by Country

In 2022, the average phenylacetic acid export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

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

Phenylacetic Acid Imports

Imports into Peru

In 2022, purchases abroad of phenylacetic acid, its salts and esters increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, total imports indicated a perceptible increase 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, phenylacetic acid imports soared to $X in 2022. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of phenylacetic acid to Peru, accounting for a X% share of total imports. Moreover, phenylacetic acid imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, India ($X) constituted the largest supplier of phenylacetic acid, its salts and esters to Peru, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports.

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

Import Prices by Country

In 2022, the average phenylacetic acid import price amounted to $X per ton, waning by X% against the previous year. In general, import price indicated a notable 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 2020 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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