Poland: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Poland

The Polish phenylacetic acid market reduced to $X in 2022, which is down by X% against the previous year. In general, consumption saw a perceptible slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Phenylacetic Acid Production in Poland

In value terms, phenylacetic acid production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Phenylacetic Acid Exports

Exports from Poland

In 2022, overseas shipments of phenylacetic acid, its salts and esters decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped remarkably in the following year.

In value terms, phenylacetic acid exports reduced modestly to $X in 2022. Over the period under review, total exports indicated a slight 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 2016 indices. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2021, and then fell slightly in the following year.

Exports by Country

Germany (X tons), Italy (X tons) and the United States (X tons) were the main destinations of phenylacetic acid exports from Poland, together comprising X% of total exports. France, Belarus, Turkey, Portugal, Brazil, Spain, the UK, Lithuania, Taiwan (Chinese) and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the United States ($X) constituted the largest markets for phenylacetic acid exported from Poland worldwide, with a combined X% share of total exports. France, Belarus, Turkey, Portugal, Spain, Brazil, Lithuania, the UK, Taiwan (Chinese) and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Portugal, with a CAGR of X.0%, saw 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

In 2022, the average phenylacetic acid export price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Phenylacetic Acid Imports

Imports into Poland

In 2022, supplies from abroad of phenylacetic acid, its salts and esters decreased by X% to X tons, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, phenylacetic acid imports declined to $X in 2022. Overall, total imports indicated a notable 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and India (X tons) were the main suppliers of phenylacetic acid imports to Poland, together comprising X% of total imports.

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

In value terms, China ($X), Germany ($X) and India ($X) appeared to be the largest phenylacetic acid suppliers to Poland, together accounting for X% of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, surging by X% against the previous year. Overall, import price indicated a temperate 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 growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Belgium ($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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