Report Update Nov 1, 2024

Sweden - Phenylacetic Acid, Its Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Sweden: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Sweden

The Swedish phenylacetic acid market contracted to $X in 2022, falling by X% against the previous year. In general, consumption, however, enjoyed a strong expansion. Phenylacetic acid consumption peaked at $X in 2021, and then dropped in the following year.

Phenylacetic Acid Production in Sweden

In value terms, phenylacetic acid production stood at $X in 2022 estimated in export price. In general, production, however, saw a slight decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Phenylacetic acid production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Phenylacetic Acid Exports

Exports from Sweden

In 2022, approx. X tons of phenylacetic acid, its salts and esters were exported from Sweden; reducing by X% compared with 2021 figures. In general, exports recorded a dramatic downturn. The pace of growth appeared the most rapid 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 reached $X in 2022. Overall, exports faced a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for phenylacetic acid exports from Sweden, with a X% share of total exports. Moreover, phenylacetic acid exports to Spain exceeded the volume sent to the second major destination, Switzerland (X tons), sevenfold.

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

In value terms, Spain ($X) remains the key foreign market for phenylacetic acid, its salts and esters exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain was relatively modest.

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 period under review, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Spain totaled $X per ton.

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 Sweden

In 2022, purchases abroad of phenylacetic acid, its salts and esters decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, phenylacetic acid imports fell rapidly to $X in 2022. In general, imports recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of phenylacetic acid imports to Sweden, 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, the largest phenylacetic acid suppliers to Sweden were India ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. China, the United States, Canada and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest growth rate of 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

The average phenylacetic acid import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price saw a remarkable increase. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phenylacetic acid, its salts and esters in the world?

The country with the largest volume of phenylacetic acid consumption was China, accounting for 24% of total volume. Moreover, phenylacetic acid consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.8% share.

What are the largest producers of phenylacetic acid, its salts and esters in the world?

The country with the largest volume of phenylacetic acid production was China, accounting for 50% of total volume. Moreover, phenylacetic acid production in China exceeded the figures recorded by the second-largest producer, India, eightfold. The third position in this ranking was occupied by Pakistan, with a 4.9% share.

What are the leading suppliers of phenylacetic acid, its salts and esters to Sweden?

In value terms, the largest phenylacetic acid suppliers to Sweden were India, China and Germany, with a combined 84% share of total imports.

What are the leading importers of phenylacetic acid, its salts and esters from Sweden?

In value terms, Spain remains the key foreign market for phenylacetic acid exports from Sweden, comprising 97% of total exports. The second position in the ranking was occupied by Germany, with a 2.5% share of total exports.

What is the average export price for phenylacetic acid, its salts and esters in Sweden?

In 2020, the average phenylacetic acid export price amounted to $12,682 per ton, picking up by 21% against the previous year.

What is the average import price for phenylacetic acid, its salts and esters in Sweden?

The average phenylacetic acid import price stood at $37,893 per ton in 2020, growing by 51% against the previous year.

This report provides an in-depth analysis of the phenylacetic acid market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143367 - Phenylacetic acid, its salts and esters
Prodcom 20143370 - Aromatic monocarboxylic acids, (anhydrides), halides, p eroxides, peroxyacids, derivatives excluding benzoic acid, p henylacetic acids their salts/esters, benzoyl peroxide, b enzoyl chloride

Country coverage:

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023