China - Esters Of Acrylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's Export of Acrylic Acid Esters Plummets to $507M in 2023
China Acrylic Acid Esters Exports
In 2023, exports of esters of acrylic acid from China declined to 360K tons, with a decrease of -6.9% against the year before. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 250% against the previous year. As a result, the exports attained the peak of 541K tons. From 2022 to 2023, the growth of the exports failed to regain momentum.
In value terms, acrylic acid esters exports shrank remarkably to $507M (IndexBox estimates) in 2023. In general, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 430%. As a result, the exports reached the peak of $1.3B. From 2022 to 2023, the growth of the exports remained at a lower figure.
| COUNTRY | Export Value of Acrylic Acid Esters in China (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| India | 18.4 | 15.6 | 14.6 | 25.0 | 41.9 | 85.0 | 92.0 | 66.1 | 362 | 188 | 127 |
| South Korea | 32.0 | 30.4 | 15.7 | 7.2 | 12.1 | 21.8 | 26.1 | 23.7 | 72.2 | 56.3 | 47.9 |
| Turkey | 11.0 | 14.5 | 19.3 | 13.0 | 24.0 | 7.9 | 11.4 | 5.5 | 166 | 104 | 33.2 |
| Brazil | 6.0 | 8.4 | 3.6 | 3.6 | 7.9 | 15.4 | 14.7 | 7.0 | 18.4 | 27.6 | 31.2 |
| Vietnam | 3.1 | 7.4 | 5.3 | 2.8 | 11.4 | 16.8 | 18.1 | 13.9 | 31.2 | 27.5 | 24.8 |
| Taiwan (Chinese) | 15.0 | 8.4 | 11.2 | 9.5 | 9.1 | 11.2 | 13.7 | 21.1 | 57.5 | 48.8 | 22.3 |
| Japan | 31.3 | 29.1 | 27.0 | 25.0 | 23.9 | 26.6 | 20.0 | 15.3 | 32.3 | 23.1 | 20.8 |
| Belgium | 10.9 | 5.9 | 3.7 | 1.9 | 25.3 | 21.9 | 7.8 | 2.3 | 80.6 | 67.8 | 17.0 |
| United States | 33.5 | 24.9 | 15.8 | 14.9 | 28.4 | 29.5 | 15.0 | 3.2 | 37.5 | 21.7 | 10.0 |
| Others | 66.5 | 55.2 | 47.1 | 47.8 | 86.3 | 115 | 104 | 78.5 | 395 | 240 | 173 |
| Total | 228 | 200 | 163 | 151 | 270 | 351 | 323 | 237 | 1,253 | 804 | 507 |
Exports by Country
India (106K tons) was the main destination for acrylic acid esters exports from China, accounting for a 29% share of total exports. Moreover, acrylic acid esters exports to India exceeded the volume sent to the second major destination, South Korea (32K tons), threefold. Turkey (26K tons) ranked third in terms of total exports with a 7.3% share.
From 2013 to 2023, the average annual growth rate of volume to India totaled +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+9.1% per year) and Turkey (+18.1% per year).
In value terms, India ($127M) remains the key foreign market for esters of acrylic acid exports from China, comprising 25% of total exports. The second position in the ranking was taken by South Korea ($48M), with a 9.4% share of total exports. It was followed by Turkey, with a 6.5% share.
From 2013 to 2023, the average annual growth rate of value to India stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+4.1% per year) and Turkey (+11.7% per year).
Export Prices by Country
In 2023, the acrylic acid esters price stood at $1,408 per ton (FOB, China), falling by -32.3% against the previous year. In general, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 51%. The export price peaked at $2,493 per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($2,662 per ton), while the average price for exports to Malaysia ($1,152 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.8%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the acrylic acid esters market in China. 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 20143320 - Esters of acrylic acid
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
