Esters of acetic acid market
Esters of acetic acid market: read recently published data provided by an Ai-driven market intelligence tool. Facts and figures contain market size, imports, trade, exports, production, market prices, consumption, and companies. Here is a split by country, including Africa, China, the U.S., EU, Russia, the U.K., the Middle East, and Latin America. Market dynamics and forecast to 2030 are also provided in the reports.
Esters of Acetic Acid - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | India |
| 3 | United States |
| 4 | Mexico |
| 5 | Brazil |
In value terms, China, India and the United States were the countries with the highest levels of market value in 2020, together accounting for 47% of the global market. Mexico, Brazil, Japan, Germany, Indonesia, Russia, Taiwan (Chinese), Turkey, Iran and the UK lagged somewhat behind, together comprising a further 25%.
Among the main consuming countries, the UK saw the highest growth rate of market size, over the period under review, while market of esters of acetic acid (excluding ethyl acetate) for the other global leaders experienced mixed trends in the market figures.
Esters Of Acetic Acid (excluding Ethyl Acetate) Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Singapore | 1111 | 878 | 813 | -14.5% |
| United States | 1163 | 1013 | 904 | -11.8% |
| Belgium | 1367 | 1301 | 1001 | -14.4% |
| Saudi Arabia | 887 | 937 | 1121 | 12.4% |
| Japan | 1411 | 1301 | 1188 | -8.2% |
| China | 1496 | 1189 | 1201 | -10.4% |
| Germany | 1400 | 1303 | 1286 | -4.2% |
| Average | 1299 | 1166 | 1071 | -9.2% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($1,286 per ton), while Singapore ($813 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Vietnam | 985 | 873 | 1440 | 20.9% |
| Spain | 1436 | 1259 | 1194 | -8.8% |
| Netherlands | 1331 | 1247 | 1189 | -5.5% |
| Mexico | 1216 | 1163 | 1122 | -3.9% |
| Germany | 1446 | 1320 | 1106 | -12.5% |
| South Korea | 1478 | 1230 | 1092 | -14.0% |
| United Kingdom | 1391 | 1277 | 1077 | -12.0% |
| Italy | 1414 | 1155 | 1068 | -13.1% |
| India | 1356 | 1114 | 999 | -14.2% |
| Turkey | 1087 | 1132 | 852 | -11.5% |
| Thailand | 1201 | 1053 | 834 | -16.7% |
| Belgium | 1097 | 943 | 817 | -13.7% |
| China | 1151 | 983 | 793 | -17.0% |
| Average | 1331 | 1193 | 1072 | -10.2% |
Prices varied noticeably by the country of destination; the country with the highest price was Vietnam ($1,440 per ton), while China ($793 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other global leaders experienced a decline in the import price figures.
Esters of Acetic Acid (excluding Ethyl Acetate) - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Belgium | 0.3 | 0.2 | 0.5 | 32.7% |
| Germany | 0.4 | 0.3 | 0.3 | -12.4% |
| China | 0.3 | 0.2 | 0.2 | -11.3% |
| India | 0.3 | 0.3 | 0.2 | -19.3% |
| South Korea | 0.2 | 0.2 | 0.2 | -11.0% |
In value terms, Belgium ($498M), Germany ($288M) and China ($243M) constituted the countries with the highest levels of imports in 2020, together accounting for 28% of global imports.
Among the main importing countries, Belgium saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.
Esters of Acetic Acid (excluding Ethyl Acetate) - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 0.7 | 0.6 | 0.7 | -4.5% |
| Belgium | 0.2 | 0.1 | 0.6 | 63.3% |
| China | 0.7 | 0.6 | 0.6 | -7.3% |
| Singapore | 0.6 | 0.4 | 0.3 | -23.0% |
| Saudi Arabia | 0.3 | 0.2 | 0.3 | 11.1% |
In value terms, the United States ($664M), Belgium ($579M) and China ($578M) were the countries with the highest levels of exports in 2020, with a combined 54% share of global exports.
Among the main exporting countries, Belgium (+63.3% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.
Esters of Acetic Acid (excluding Ethyl Acetate) - Market Forecast
Driven by rising demand for esters of acetic acid (excluding ethyl acetate) worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Esters of Acetic Acid - Product Coverage
- HS 291532 - Acids; saturated acyclic monocarboxylic acids; vinyl acetate
- HS 291533 - Acids; saturated acyclic monocarboxylic acids; n-butyl acetate
- HS 291536 - Acids; saturated acyclic monocarboxylic acids; dinoseb (ISO) acetate
- HS 291539 - Acids; saturated acyclic monocarboxylic acids; esters of acetic acid n.e.s. in item no. 2915.3
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This report provides an in-depth analysis of the global ethyl acetate market.
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Saturated Acyclic Monocarboxylic Acids are important chemical compounds used in various industries, including pharmaceuticals, cosmetics, and chemical manufacturing. In this article, we explore the world's best import markets for saturated acyclic monocarboxylic acids, backed by data and key statistics from the IndexBox market intelligence platform. Belgium leads the way as the largest importer, followed by India, Germany, China, and the United States. The Netherlands, Italy, Japan, Mexico, and Spain also play significant roles. Learn more about this vibrant and dynamic import market.
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