Ukraine: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Ukraine

The Ukrainian phenylacetic acid market was estimated at $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Phenylacetic acid consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Phenylacetic Acid Production in Ukraine

In value terms, phenylacetic acid production amounted to $X in 2022 estimated in export price. Overall, production saw a slight descent. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Phenylacetic Acid Exports

Exports from Ukraine

In 2022, after two years of growth, there was significant decline in shipments abroad of phenylacetic acid, its salts and esters, when their volume decreased by X% to X tons. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, phenylacetic acid exports dropped significantly to $X in 2022. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Latvia (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Latvia (X% per year).

Export Prices by Country

The average phenylacetic acid export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 Latvia (X%), while the prices for the other major destinations experienced a decline.

Phenylacetic Acid Imports

Imports into Ukraine

In 2022, imports of phenylacetic acid, its salts and esters into Ukraine rose notably to X tons, growing by X% on the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, phenylacetic acid imports stood at $X in 2022. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest phenylacetic acid supplier to Ukraine, with a X% share of total imports. Moreover, phenylacetic acid imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. India (X kg) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

The average phenylacetic acid import price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price showed a buoyant expansion. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 India ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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