Brazil: Acetic Acid Market 2024

Acetic Acid Market Size in Brazil

The Brazilian acetic acid market skyrocketed to $X in 2021, picking up by 61% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +120.1% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Acetic Acid Exports

Exports from Brazil

In 2021, overseas shipments of acetic acid increased by 23% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 6,994%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, acetic acid exports stood at $X in 2021. In general, exports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2016 with an increase of 3,274% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Paraguay (X tons) was the main destination for acetic acid exports from Brazil, with a 62% share of total exports. Moreover, acetic acid exports to Paraguay exceeded the volume sent to the second major destination, Colombia (X tons), threefold. Chile (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay stood at +90.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+19.6% per year) and Chile (+147.1% per year).

In value terms, Paraguay ($X), Colombia ($X) and Chile ($X) were the largest markets for acetic acid exported from Brazil worldwide, together accounting for 98% of total exports.

Chile, with a CAGR of +120.6%, 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.

Export Prices by Country

In 2021, the average acetic acid export price amounted to $X per ton, falling by -17.8% against the previous year. In general, the export price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2013 an increase of 644%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Paraguay ($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 Argentina (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Acetic Acid Imports

Imports into Brazil

In 2021, overseas purchases of acetic acid increased by 29% to X tons, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, acetic acid imports soared to $X in 2021. Overall, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of acetic acid to Brazil, accounting for a 80% share of total imports. Moreover, acetic acid imports from the United States 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 the United States amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+109.4% per year) and Taiwan (Chinese) (+761.8% per year).

In value terms, the United States ($X) constituted the largest supplier of acetic acid to Brazil, comprising 73% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+109.4% per year) and Taiwan (Chinese) (+926.6% per year).

Import Prices by Country

The average acetic acid import price stood at $X per ton in 2021, with an increase of 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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