Slovenia: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Slovenia

After two years of growth, the Slovene phenylacetic acid market decreased by X% to $X in 2022. In general, consumption, however, posted a mild increase. Over the period under review, the market reached the peak level at $X in 2021, and then declined notably in the following year.

Phenylacetic Acid Exports

Exports from Slovenia

In 2022, overseas shipments of phenylacetic acid, its salts and esters were finally on the rise to reach X tons after two years of decline. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, phenylacetic acid exports soared to $X in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Croatia (X tons) was the main destination for phenylacetic acid exports from Slovenia, accounting for a X% share of total exports. Moreover, phenylacetic acid exports to Croatia exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. The third position in this ranking was held by the UK (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Croatia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the UK (X% per year).

In value terms, Croatia ($X) emerged as the key foreign market for phenylacetic acid, its salts and esters exports from Slovenia, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Croatia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the UK (X% per year).

Export Prices by Country

The average phenylacetic acid export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price recorded a moderate expansion. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Switzerland ($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 Slovenia

In 2022, after two years of growth, there was significant decline in overseas purchases of phenylacetic acid, its salts and esters, when their volume decreased by X% to X tons. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped dramatically in the following year.

In value terms, phenylacetic acid imports reduced dramatically to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then fell rapidly in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of phenylacetic acid imports to Slovenia, together accounting for X% of total imports.

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

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) constituted the largest phenylacetic acid suppliers to Slovenia, together comprising X% of total imports.

In terms of the main suppliers, the Netherlands, 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, shrinking by X% against the previous year. Over the period under review, the import price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

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 China ($X per ton), while the price for France ($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 more modest paces of growth.

Source: IndexBox Platform