Spain - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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Contents:
- Benzoic Acid Price in Spain (CIF) - 2022
- Benzoic Acid Price in Spain (FOB) - 2023
- Benzoic Acid Imports in Spain
- Benzoic Acid Exports in Spain
Benzoic Acid Price in Spain (CIF) - 2022
In 2022, the average benzoic acid import price amounted to $2,882 per ton, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($4,894 per ton), while the price for China ($2,268 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Benzoic Acid Price in Spain (FOB) - 2023
In June 2023, the average benzoic acid export price amounted to $5,013 per ton, with an increase of 54% against the previous month. Over the period under review, export price indicated modest growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.6% 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 export price increased by +53.8% against May 2023 indices. The export price peaked at $5,968 per ton in July 2022; however, from August 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6,124 per ton), while the average price for exports to Portugal ($2,507 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Benzoic Acid Imports in Spain
In 2022, the amount of benzoic acid, its salts and esters imported into Spain skyrocketed to 8K tons, growing by 18% on 2021 figures. The total import volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, benzoic acid imports soared to $23M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +68.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Benzoic Acid in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 5.7 | 5.6 | 7.5 | 9.2 | 17.3% |
China | 2.4 | 2.1 | 3.2 | 3.5 | 13.4% |
France | 0.4 | 0.5 | 0.9 | 2.0 | 71.0% |
Germany | 0.9 | 0.6 | 0.8 | 1.8 | 26.0% |
Belgium | 1.4 | 1.3 | 1.8 | 1.7 | 6.7% |
Italy | 0.5 | 0.6 | 0.9 | 1.6 | 47.4% |
United Kingdom | 0.7 | 0.6 | 0.6 | 1.0 | 12.6% |
Others | 1.8 | 2.3 | 1.4 | 2.1 | 5.3% |
Total | 13.9 | 13.6 | 17.1 | 22.9 | 18.1% |
Top Suppliers of Benzoic Acid to Spain in 2022:
- Netherlands (3905.3 tons)
- China (1548.2 tons)
- France (857.1 tons)
- Belgium (514.2 tons)
- Germany (397.1 tons)
- Italy (328.2 tons)
- United Kingdom (227.4 tons)
Benzoic Acid Exports in Spain
After three years of growth, overseas shipments of benzoic acid, its salts and esters decreased by -3.5% to 1.1K tons in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, the exports reached the peak of 1.1K tons, and then contracted slightly in the following year.
In value terms, benzoic acid exports soared to $5M in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 58%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
Export of Benzoic Acid in Spain (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 486 | 460 | 792 | 1,014 | 27.8% |
Germany | 486 | 488 | 564 | 845 | 20.2% |
Italy | 120 | 72.9 | 168 | 387 | 47.7% |
United States | 211 | 182 | 386 | 377 | 21.3% |
Portugal | 275 | 234 | 312 | 329 | 6.2% |
Greece | 37.5 | 18.4 | 51.1 | 185 | 70.2% |
Morocco | 84.6 | 86.8 | 104 | 141 | 18.6% |
Turkey | 89.5 | 115 | 147 | 129 | 13.0% |
Cuba | 192 | 71.8 | 72.9 | 107 | -17.7% |
Peru | 39.3 | 16.0 | 20.8 | 103 | 37.9% |
Others | 665 | 791 | 1,389 | 1,369 | 27.2% |
Total | 2,686 | 2,535 | 4,008 | 4,985 | 22.9% |
Top Export Markets for Benzoic Acid from Spain in 2022:
- France (206.3 tons)
- Italy (190.3 tons)
- Germany (175.3 tons)
- Portugal (95.2 tons)
- United States (67.8 tons)
- Morocco (47.3 tons)
- Greece (36.5 tons)
- Turkey (26.1 tons)
- Cuba (25.0 tons)
- Peru (17.0 tons)
This report provides an in-depth analysis of the benzoic acid market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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