U.S.: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in the U.S.

The U.S. acrylic acid esters market contracted modestly to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption continues to indicate a strong expansion. Acrylic acid esters consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Acrylic Acid Esters Production in the U.S.

In value terms, acrylic acid esters production dropped slightly to $X in 2022. Overall, production enjoyed moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Acrylic Acid Esters Exports

Exports from the U.S.

In 2022, shipments abroad of esters of acrylic acid decreased by -8.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2015 when exports increased by 17%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, acrylic acid esters exports rose modestly to $X in 2022. Overall, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 66% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Belgium (X tons) and Canada (X tons) were the main destinations of acrylic acid esters exports from the United States, together accounting for 69% of total exports. South Korea, Brazil, Colombia, Taiwan (Chinese), Chile, Indonesia, Argentina, Turkey, India and China lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +15.8%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Belgium ($X) and Canada ($X) constituted the largest markets for acrylic acid esters exported from the United States worldwide, with a combined 68% share of total exports. South Korea, Colombia, Brazil, Taiwan (Chinese), Chile, Indonesia, Argentina, Turkey, China and India lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Indonesia, with a CAGR of +21.0%, saw the highest rates of growth with regard to 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 2022, the average acrylic acid esters export price amounted to $X per ton, rising by 11% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters export price increased by +81.1% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 63% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Acid Esters Imports

Imports into the U.S.

In 2022, supplies from abroad of esters of acrylic acid increased by 0.8% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 63% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, acrylic acid esters imports soared to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +137.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 95% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Taiwan (Chinese) (X tons), Mexico (X tons) and South Africa (X tons) were the main suppliers of acrylic acid esters imports to the United States, with a combined 38% share of total imports. Germany, France, Belgium, South Korea, China, Japan and Brazil lagged somewhat behind, together comprising a further 59%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +22.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic acid esters suppliers to the United States were Taiwan (Chinese) ($X), South Korea ($X) and Japan ($X), together accounting for 46% of total imports. France, Mexico, Belgium, Germany, South Africa, China and Brazil lagged somewhat behind, together accounting for a further 52%.

Brazil, with a CAGR of +35.1%, saw the highest growth rate of 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 acrylic acid esters import price stood at $X per ton in 2022, surging by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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