United Kingdom - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingBenzoic Acid Price in the UK - 2023
Contents:
- Benzoic Acid Price in the UK (CIF) - 2023
- Benzoic Acid Price in the UK (FOB) - 2022
- Benzoic Acid Imports in the UK
- Benzoic Acid Exports in the UK
Benzoic Acid Price in the UK (CIF) - 2023
The average benzoic acid import price stood at $4,100 per ton in June 2023, growing by 64% against the previous month. Over the period under review, import price indicated a resilient increase from June 2022 to June 2023: its price increased at an average monthly rate of +6.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, benzoic acid import price increased by +93.7% against December 2022 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($6,809 per ton), while the price for the Netherlands ($2,467 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Benzoic Acid Price in the UK (FOB) - 2022
In 2022, the average benzoic acid export price amounted to $4,445 per ton, increasing by 13% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 53%. The export price peaked at $6,479 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
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 France ($5,858 per ton), while the average price for exports to Ireland ($3,297 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 Italy (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Benzoic Acid Imports in the UK
Benzoic acid imports into the UK rose sharply to 8.3K tons in 2022, surging by 10% on 2021. Overall, imports, however, showed a deep downturn.
In value terms, benzoic acid imports expanded slightly to $20M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 6.3%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Benzoic Acid in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 10.0 | 11.4 | 9.8 | 8.4 | -5.6% |
China | 2.7 | 2.5 | 5.0 | 4.9 | 22.0% |
Estonia | 0.5 | 0.4 | 0.1 | 1.9 | 56.0% |
Romania | 0.1 | 0.2 | 0.5 | 1.5 | 146.6% |
Italy | 0.8 | 1.0 | 1.1 | 0.4 | -20.6% |
Germany | 1.5 | 0.8 | 0.8 | 0.2 | -48.9% |
Others | 2.2 | 2.0 | 2.3 | 2.7 | 7.1% |
Total | 17.9 | 18.4 | 19.6 | 20.1 | 3.9% |
Top Suppliers of Benzoic Acid to the UK in 2022:
- Netherlands (4.8K tons)
- China (1.6K tons)
- Romania (0.7K tons)
- Estonia (0.7K tons)
- Italy (0.1K tons)
- Germany (0.1K tons)
Benzoic Acid Exports in the UK
For the fourth consecutive year, the UK recorded growth in shipments abroad of benzoic acid, its salts and esters, which increased by 98% to 5.1K tons in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, benzoic acid exports surged to $23M in 2022. Overall, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Benzoic Acid in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | N/A | 0.2 | 0.4 | 11.8 | 668.1% |
France | 1.0 | 0.6 | 0.9 | 2.0 | 26.0% |
Germany | 4.1 | 1.5 | 1.1 | 1.3 | -31.8% |
Italy | 0.2 | 0.2 | 0.2 | 0.9 | 65.1% |
Ireland | 0.9 | 0.8 | 0.3 | 0.9 | 0.0% |
Spain | 0.4 | 0.9 | 0.7 | 0.9 | 31.0% |
United States | 0.2 | 0.7 | 1.9 | 0.7 | 51.8% |
Philippines | N/A | N/A | 0.2 | 0.6 | 200.0% |
Russia | 0.8 | 1.0 | 1.5 | 0.4 | -20.6% |
Brazil | N/A | 0.2 | 0.1 | 0.3 | 22.5% |
Poland | 0.3 | 0.4 | 0.2 | 0.3 | 0.0% |
Ghana | 4.8 | 0.4 | N/A | N/A | -91.7% |
Others | 2.1 | 2.4 | 2.7 | 2.6 | 7.4% |
Total | 14.8 | 9.3 | 10.2 | 22.7 | 15.3% |
Top Export Markets for Benzoic Acid from the UK in 2022:
- Netherlands (2822.8 tons)
- France (334.8 tons)
- Germany (284.4 tons)
- Ireland (283.0 tons)
- Spain (222.0 tons)
- Italy (192.8 tons)
- United States (171.7 tons)
- Philippines (122.0 tons)
- Russia (87.9 tons)
- Brazil (79.7 tons)
- Poland (54.3 tons)
This report provides an in-depth analysis of the benzoic acid market in the UK. 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 20143363 - Benzoic acid, its salts and esters
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the benzoic acid market in the UK.
This report provides an in-depth analysis of the monocarboxylic acid market in the UK.
This report provides an in-depth analysis of the market for benzoyl peroxide and chloride in the UK.
This report provides an in-depth analysis of the acrylic acid esters market in the UK.
This report provides an in-depth analysis of the methacrylic acid esters market in the UK.
This report provides an in-depth analysis of the methacrylic acid market in the UK.
This report provides an in-depth analysis of the market for oleic, linoleic or linolenic acids in the UK.
This report provides an in-depth analysis of the phenylacetic acid market in the UK.
This report provides an in-depth analysis of the global benzoic acid market.
This report provides an in-depth analysis of the global monocarboxylic acid market.
From 2021 to 2023, the growth of Acrylic Acid Esters imports remained somewhat lower, with a significant drop in value to $95M in 2023.
Imports of Methacrylic Acid peaked at 11K tons in 2013 but decreased in the following years, reaching a value of $13M in 2023.
In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...
From 2021 to 2023, the growth of Acrylic Acid Esters imports remained somewhat lower, with a significant drop in value to $95M in 2023.
Imports of Methacrylic Acid peaked at 11K tons in 2013 but decreased in the following years, reaching a value of $13M in 2023.
In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...