Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Switzerland - 2024
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Switzerland (CIF) - 2022
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Switzerland (FOB) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Switzerland
- Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Switzerland
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Switzerland (CIF) - 2022
In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $25,322 per ton, falling by -34.6% against the previous year. Overall, the import price, however, saw a moderate increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 119%. The import price peaked at $47,961 per ton in 2019; however, from 2020 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 the United States ($474,747 per ton), while the price for India ($9,017 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Switzerland (FOB) - 2022
In 2022, the average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $24,693 per ton, with an increase of 11% against the previous year. Overall, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 64% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
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 Germany ($43,414 per ton), while the average price for exports to Colombia ($10,933 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 Germany (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Switzerland
Imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses into Switzerland skyrocketed to 6.3 tons in 2022, jumping by 39% against 2021. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses shrank to $159K in 2022. In general, imports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2020 with an increase of 9.9% against the previous year. As a result, imports attained the peak of $193K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.7 | 37.3 | 57.4 | 68.6 | 40.6% |
| United States | 129 | 108 | 42.9 | 47.0 | -28.6% |
| Spain | N/A | 5.5 | 20.9 | 27.0 | 121.6% |
| India | 21.4 | 22.0 | 13.1 | 16.0 | -9.2% |
| China | N/A | 19.4 | 40.9 | 0.3 | -87.6% |
| Others | 0.4 | 0.3 | N/A | N/A | -25.0% |
| Total | 176 | 193 | 175 | 159 | -3.3% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Switzerland in 2022:
- Germany (3.5 tons)
- India (1.8 tons)
- Spain (0.9 tons)
- United States (0.1 tons)
Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Switzerland
Exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses from Switzerland soared to 1.6 tons in 2022, rising by 73% on the previous year. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses soared to $41K in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3.4 | 11.8 | 13.5 | 23.0 | 89.1% |
| Germany | 1.8 | 1.2 | 0.6 | 3.0 | 18.6% |
| Brazil | 2.8 | N/A | 2.1 | 2.8 | 0.0% |
| United States | 0.3 | 0.5 | 0.5 | 0.5 | 18.6% |
| Colombia | 0.4 | 0.3 | N/A | 0.3 | -9.1% |
| Others | N/A | N/A | 4.4 | 10.9 | 147.7% |
| Total | 8.8 | 13.8 | 21.1 | 40.6 | 66.5% |
Top Export Markets for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts from Switzerland in 2022:
- Singapore (1325.0 kg)
- Brazil (151.0 kg)
- Germany (70.0 kg)
- Colombia (30.0 kg)
- United States (25.0 kg)
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