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China - Saturated Acyclic Monocarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

China - Saturated Acyclic Monocarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights

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Jul 4, 2024

China's Export of Saturated Acyclic Monocarboxylic Acids Drops 13% to $2.9B in 2023

China Saturated Acyclic Monocarboxylic Acids Exports

Saturated acyclic monocarboxylic acids exports from China rose sharply to 3.5M tons in 2023, growing by 15% compared with the year before. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 89%. As a result, the exports reached the peak of 3.5M tons; afterwards, it flattened through to 2023.

In value terms, saturated acyclic monocarboxylic acids exports contracted to $2.9B (IndexBox estimates) in 2023. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 108% against the previous year. The exports peaked at $3.3B in 2022, and then fell in the following year.China Saturated Acyclic Monocarboxylic Acids Exports By Country (Million USD)

COUNTRYExport Value of Saturated Acyclic Monocarboxylic Acids in China (million USD)
20132014201520162017201820192020202120222023
Singapore20627411280.455.942.566.941.272.0147469
India69.0147192134237432319215660591370
South Korea125146123125154208161134323272207
Japan185180132120157222160133306242166
Vietnam98.910010985.3111148123115182214159
Indonesia53.053.274.674.394.413489.489.5156153112
Netherlands58.061.756.236.243.470.949.646.277.896.6104
United States62.987.285.379.412013277.265.794.411987.2
Others6418366946597601,1489487571,4541,5011,212
Total1,4991,8841,5781,3951,7332,5371,9931,5963,3233,3352,886

Exports by Country

Singapore (707K tons), India (623K tons) and South Korea (212K tons) were the main destinations of saturated acyclic monocarboxylic acids exports from China, with a combined 44% share of total exports.

From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +27.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for saturated acyclic monocarboxylic acids exported from China were Singapore ($469M), India ($370M) and South Korea ($207M), with a combined 36% share of total exports.

India, with a CAGR of +18.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Esters of acetic acid (excluding ethyl acetate) (1.3M tons), acetic acid (868K tons) and formic acid, its salts and esters (552K tons) were the main products of saturated acyclic monocarboxylic acids exports from China, with a combined 77% share of total exports.

From 2013 to 2023, the biggest increases were recorded for acetic acid (with a CAGR of +16.9%), while shipments for the other products experienced more modest paces of growth.

In value terms, esters of acetic acid (excluding ethyl acetate) ($1.2B) remains the largest type of saturated acyclic monocarboxylic acids exported from China, comprising 42% of total exports. The second position in the ranking was taken by ethyl acetate ($365M), with a 13% share of total exports. It was followed by acetic acid, with a 12% share.

From 2013 to 2023, the average annual rate of growth in terms of the value of esters of acetic acid (excluding ethyl acetate) exports stood at +8.5%. With regard to the other exported products, the following average annual rates of growth were recorded: ethyl acetate (-0.0% per year) and acetic acid (+15.6% per year).

Export Prices by Country

In 2023, the saturated acyclic monocarboxylic acids price stood at $829 per ton (FOB, China), reducing by -24.8% against the previous year. In general, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 27%. The export price peaked at $1,102 per ton in 2022, and then dropped significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($1,038 per ton), while the average price for exports to India ($595 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 Russia (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids 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 20143215 - Ethyl acetate
  • Prodcom 20143219 - Esters of acetic acid (excluding ethyl acetate)
  • Prodcom 20143220 - Mono-, di- or tri-chloroacetic acids, propionic, butanoic and pentanoic acids, their salts and esters
  • Prodcom 20143230 -
  • Prodcom 20143240 -
  • Prodcom 20143250 - Formic acid, its salts and esters
  • Prodcom 20143271 - Acetic acid
  • Prodcom 20143278 - Salts of acetic acid
  • Prodcom 20143280 - Lauric acid and others, salts and esters

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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