Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Hungary - 2023
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Hungary (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Hungary
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Hungary (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $32,794 per ton in 2022, growing by 26% against the previous year. Overall, the import price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2016 when the average import price increased by 511% against the previous year. As a result, import price reached the peak level of $207,800 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($71,258 per ton), while the price for Spain stood at $14,554 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+29.7%).
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Hungary
In 2022, the amount of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses imported into Hungary surged to 97 kg, rising by 21% compared with the year before. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 2,567% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses surged to $3.2K in 2022. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 852% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Hungary (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 247 | 189 | 833 | 2,209 | 107.6% |
| Spain | N/A | N/A | 718 | 946 | 31.8% |
| Netherlands | 1,719 | N/A | 525 | N/A | -44.7% |
| Others | N/A | 29.0 | N/A | 26.0 | -5.3% |
| Total | 1,966 | 218 | 2,076 | 3,181 | 17.4% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Hungary in 2022:
- Spain (65.0 kg)
- Germany (31.0 kg)
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