South-Eastern Asia: Acetic Acid Market 2025

Acetic Acid Market Size in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in the Southeast Asian acetic acid market, when its value increased by 87% to $X. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Acetic Acid Production in South-Eastern Asia

In value terms, acetic acid production contracted remarkably to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 47% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell sharply in the following year.

Acetic Acid Exports

Exports in South-Eastern Asia

In 2021, the amount of acetic acid exported in South-Eastern Asia contracted to X tons, dropping by -2.6% on the previous year's figure. Overall, exports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 108%. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, acetic acid exports soared to $X in 2021. In general, exports, however, showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons) and Singapore (X tons) represented roughly 100% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Singapore (with a CAGR of +6.5%).

In value terms, Malaysia ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2021.

Singapore, with a CAGR of +14.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, picking up by 168% against the previous year. In general, the export price saw a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.3%).

Acetic Acid Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of acetic acid were imported in South-Eastern Asia; increasing by 47% against 2020. Over the period under review, imports saw a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 102% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, acetic acid imports skyrocketed to $X in 2021. Overall, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons) and Singapore (X tons) represented the main importers of acetic acid in South-Eastern Asia, together creating 78% of total imports. Indonesia (X tons) took the next position in the ranking, distantly followed by Vietnam (X tons). All these countries together held approx. 19% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +12.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 91% of total imports.

Singapore, with a CAGR of +19.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, increasing by 98% against the previous year. Import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. 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.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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