U.S.: Acetic Anhydride Market 2024

Acetic Anhydride Market Size in the U.S.

The U.S. acetic anhydride market declined to $X in 2021, reducing by -13.9% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Acetic anhydride consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Acetic Anhydride Production in the U.S.

In value terms, acetic anhydride production stood at $X in 2021. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 17%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Acetic Anhydride Exports

Exports from the U.S.

Acetic anhydride exports from the United States skyrocketed to X tons in 2021, picking up by 48% on 2020. In general, total exports indicated perceptible growth from 2012 to 2021: its volume 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. The most prominent rate of growth was recorded in 2018 with an increase of 58% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, acetic anhydride exports soared to $X in 2021. Overall, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 63%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for acetic anhydride exports from the United States, accounting for a 72% share of total exports. Moreover, acetic anhydride exports to the Netherlands exceeded the volume sent to the second major destination, Singapore (X tons), fivefold. Brazil (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-1.1% per year) and Brazil (+6.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for acetic anhydride exports from the United States, comprising 76% of total exports. The second position in the ranking was held by Singapore ($X), with an 11% share of total exports. It was followed by Brazil, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-3.9% per year) and Brazil (+5.7% per year).

Export Prices by Country

In 2021, the average acetic anhydride export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 20%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Singapore ($X per ton), while the average price for exports to China ($X per ton) and Brazil ($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 China (+1.9%), while the prices for the other major destinations experienced a decline.

Acetic Anhydride Imports

Imports into the U.S.

Acetic anhydride imports into the United States dropped to X tons in 2021, which is down by -13.5% against the previous year. Overall, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +27.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 109%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, acetic anhydride imports contracted to $X in 2021. In general, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.6% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 108%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Mexico (X tons) was the main supplier of acetic anhydride to the United States, accounting for a 95% share of total imports. Moreover, acetic anhydride imports from Mexico exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Mexico was relatively modest.

In value terms, Mexico ($X) constituted the largest supplier of acetic anhydride to the United States, comprising 95% of total imports. The second position in the ranking was held by the UK ($X), with a 4.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico amounted to +1.1%.

Import Prices by Country

The average acetic anhydride import price stood at $X per ton in 2021, picking up by 7.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 15%. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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