China: Ethyl Acetate Market 2025

Ethyl Acetate Market Size in China

In 2021, the Chinese ethyl acetate market decreased by -2.2% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Ethyl Acetate Production in China

In value terms, ethyl acetate production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Ethyl Acetate Exports

Exports from China

After three years of decline, overseas shipments of ethyl acetate increased by 21% to X tons in 2021. Over the period under review, exports saw a modest expansion. The growth pace was the most rapid in 2017 when exports increased by 36% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ethyl acetate exports surged to $X in 2021. Overall, total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) were the main destinations of ethyl acetate exports from China, with a combined 58% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +13.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethyl acetate exported from China were Japan ($X), Indonesia ($X) and Taiwan (Chinese) ($X), with a combined 57% share of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +16.6%, saw the highest growth rate of the value of exports, 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 ethyl acetate export price amounted to $X per ton, jumping by 67% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per ton) and Turkey ($X per ton), while the average price for exports to Indonesia ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ethyl Acetate Imports

Imports into China

In 2021, supplies from abroad of ethyl acetate decreased by -53.5% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 27%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ethyl acetate imports reduced notably to $X in 2021. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of ethyl acetate to China, with a 72% share of total imports. Moreover, ethyl acetate imports from India exceeded the figures recorded by the second-largest supplier, Japan (X tons), sevenfold. Mexico (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-37.6% per year) and Mexico (+30.1% per year).

In value terms, India ($X), Japan ($X) and Germany ($X) appeared to be the largest ethyl acetate suppliers to China, together comprising 81% of total imports. Mexico, the United States, Italy and South Korea lagged somewhat behind, together comprising a further 16%.

Mexico, with a CAGR of +38.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ethyl acetate import price stood at $X per ton in 2021, surging by 46% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethyl acetate import price increased by +81.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 66% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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