Report Update Nov 1, 2024

Australia - Ethyl Acetate - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in Australia

In 2021, after two years of decline, there was significant growth in the Australian ethyl acetate market, when its value increased by 29% to $X. Overall, consumption showed a perceptible slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Ethyl Acetate Exports

Exports from Australia

In 2021, after five years of growth, there was significant decline in overseas shipments of ethyl acetate, when their volume decreased by -7.5% to X tons. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 276%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, ethyl acetate exports fell remarkably to $X in 2021. Over the period under review, exports, however, enjoyed a temperate increase. The growth pace was the most rapid in 2018 with an increase of 546%. Over the period under review, the exports attained the maximum at $X in 2020, and then declined remarkably in the following year.

Exports by Country

The UK (X tons) was the main destination for ethyl acetate exports from Australia, accounting for a 79% share of total exports. Moreover, ethyl acetate exports to the UK exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. New Zealand (X kg) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +45.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+364.0% per year) and New Zealand (-27.7% per year).

In value terms, the UK ($X) remains the key foreign market for ethyl acetate exports from Australia, comprising 82% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total exports. It was followed by the United States, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+231.9% per year) and the United States (-28.3% per year).

Export Prices by Country

The average ethyl acetate export price stood at $X per ton in 2021, which is down by -24.4% against the previous year. In general, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of 302%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, 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 the United States ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+53.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ethyl Acetate Imports

Imports into Australia

In 2021, supplies from abroad of ethyl acetate decreased by -2.7% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 3.9% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ethyl acetate imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a noticeable descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Singapore (X tons) constituted the largest ethyl acetate supplier to Australia, accounting for a 81% share of total imports. Moreover, ethyl acetate imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Singapore totaled -3.4%.

In value terms, Singapore ($X) constituted the largest supplier of ethyl acetate to Australia, comprising 77% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Singapore was relatively modest.

Import Prices by Country

The average ethyl acetate import price stood at $X per ton in 2021, growing by 48% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Singapore totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethyl acetate in the world?

China constituted the country with the largest volume of ethyl acetate consumption, accounting for 24% of total volume. Moreover, ethyl acetate consumption in China exceeded the figures recorded by the second-largest consumer, Mexico, twofold. The third position in this ranking was occupied by the United States, with an 8.1% share.

What are the largest producers of ethyl acetate in the world?

China remains the largest ethyl acetate producing country worldwide, accounting for 36% of total volume. Moreover, ethyl acetate production in China exceeded the figures recorded by the second-largest producer, Mexico, threefold. India ranked third in terms of total production with an 11% share.

What are the leading suppliers of ethyl acetate to Australia?

In value terms, Singapore constituted the largest supplier of ethyl acetate to Australia, comprising 69% of total imports. The second position in the ranking was occupied by China, with a 26% share of total imports.

What are the leading importers of ethyl acetate from Australia?

In value terms, the UK, India and the United States were the largest markets for ethyl acetate exported from Australia worldwide, together comprising 95% of total exports.

What is the average export price for ethyl acetate in Australia?

The average ethyl acetate export price stood at $3,891 per ton in 2020, picking up by 29% against the previous year.

What is the average import price for ethyl acetate in Australia?

The average ethyl acetate import price stood at $1,019 per ton in 2020, reducing by -2.2% against the previous year.

This report provides an in-depth analysis of the ethyl acetate market in Australia. 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

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023