EU External Trade - Carboxylic acids with alcohol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives, 2,2-Diphenyl-2-hydroxyacetic acid (benzilic acid)

Extra-EU sourcing of Carboxylic acids with alcohol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives, 2,2-Diphenyl-2-hydroxyacetic acid (benzilic acid) is highly concentrated. 🇨🇳 China captures 70.7% of imports (€30K), followed by 🇨🇭 Switzerland (15.7%). With an HHI of 5423, this Concentrated market exposes the EU to supply dependency risks.

European exports of Carboxylic acids with alcohol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives, 2,2-Diphenyl-2-hydroxyacetic acid (benzilic acid) are concentrated on a few markets. 🇨🇦 Canada accounts for 96.2% (€334K), ahead of 🇺🇸 United States (2.6%). The top three destinations are 🇨🇦 Canada, 🇺🇸 United States, 🇵🇰 Pakistan.

Within the EU, 🇮🇹 Italy concentrates 55.8% of Carboxylic acids with alcohol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives, 2,2-Diphenyl-2-hydroxyacetic acid (benzilic acid) imports, well ahead of 🇩🇪 Germany (18.9%). The top importing member states are 🇮🇹 Italy, 🇩🇪 Germany, 🇳🇱 Netherlands.

The year 2025 marked a turning point: both imports and exports were falling sharply, shifting by -35.0% and -61.6% respectively.