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Report World - Ethyl Acetate - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Ethyl Acetate - Market Analysis, Forecast, Size, Trends and Insights

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Global Ethyl Acetate Market 2024

Ethyl Acetate Market Size

After two years of decline, the global ethyl acetate market increased by 17% to $X in 2021. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Ethyl Acetate Production

In value terms, ethyl acetate production stood at $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight setback. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Over the period under review, global production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ethyl Acetate Exports

Exports

In 2021, approx. X tons of ethyl acetate were exported worldwide; growing by 11% compared with the previous year's figure. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. Over the period under review, the global exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, ethyl acetate exports skyrocketed to $X in 2021. Over the period under review, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +103.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons), distantly followed by Belgium (X tons), the UK (X tons), Singapore (X tons), India (X tons) and Saudi Arabia (X tons) were the major exporters of ethyl acetate, together generating 78% of total exports. The following exporters - Turkey (X tons), Brazil (X tons), the Netherlands (X tons), South Africa (X tons), Mexico (X tons) and the United States (X tons) - together made up 17% of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +32.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest ethyl acetate supplying countries worldwide were China ($X), Belgium ($X) and India ($X), with a combined 55% share of global exports. These countries were followed by the UK, Singapore, Saudi Arabia, Turkey, the Netherlands, South Africa, Brazil, Mexico and the United States, which together accounted for a further 39%.

Turkey, with a CAGR of +35.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average ethyl acetate export price stood at $X per ton in 2021, surging by 60% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.0% 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 attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.2%), while the other global leaders experienced more modest paces of growth.

Ethyl Acetate Imports

Imports

In 2021, the amount of ethyl acetate imported worldwide rose significantly to X tons, increasing by 8.7% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. Over the period under review, global imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, ethyl acetate imports skyrocketed to $X in 2021. Over the period under review, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 +75.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons), followed by Japan (X tons), Italy (X tons), Indonesia (X tons) and Germany (X tons) were the main importers of ethyl acetate, together constituting 44% of total imports. Taiwan (Chinese) (X tons), Vietnam (X tons), Thailand (X tons), Spain (X tons), the Netherlands (X tons), the United States (X tons), Bangladesh (X tons) and Turkey (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 Bangladesh (with a CAGR of +21.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest ethyl acetate importing markets worldwide were Belgium ($X), Japan ($X) and Italy ($X), with a combined 31% share of global imports. These countries were followed by Germany, Indonesia, Taiwan (Chinese), Vietnam, Thailand, the Netherlands, Turkey, Spain, the United States and Bangladesh, which together accounted for a further 39%.

Among the main importing countries, Bangladesh, with a CAGR of +21.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average ethyl acetate import price stood at $X per ton in 2021, with an increase of 57% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Germany ($X per ton) and Turkey ($X per ton), while Vietnam ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest ethyl acetate consuming country worldwide, accounting for 24% of total volume. Moreover, ethyl acetate consumption in China exceeded the figures recorded by the second-largest consumer, Mexico, twofold. The third position in this ranking was occupied by the United States, with an 8.1% share.
China constituted the country with the largest volume of ethyl acetate production, comprising approx. 36% of total volume. Moreover, ethyl acetate production in China exceeded the figures recorded by the second-largest producer, Mexico, threefold. The third position in this ranking was occupied by India, with an 11% share.
In value terms, China, Belgium and the UK appeared to be the countries with the highest levels of exports in 2020, together accounting for 55% of global exports. Saudi Arabia, India, Singapore, South Africa, the Netherlands, Brazil, the United States and Mexico lagged somewhat behind, together comprising a further 36%.
In value terms, Belgium constitutes the largest market for imported ethyl acetate worldwide, comprising 15% of global imports. The second position in the ranking was occupied by Japan, with a 6.5% share of global imports. It was followed by Italy, with a 6.3% share.
The average ethyl acetate export price stood at $826 per ton in 2020, with a decrease of -8.1% against the previous year.
The average ethyl acetate import price stood at $864 per ton in 2020, reducing by -7.3% against the previous year.

This report provides an in-depth analysis of the global ethyl acetate market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20143215 - Ethyl acetate

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

INEOS, Celanese, Eastman Chemical, Jiangsu Sopo, Jiangmen Handsome, Wuxi Baichuan, Jubliant, Godavari Biorefineries, Sekab, Korea Alcohol, IOL Chemicals, Pharmaceuticals, Vigon International, Reagents, SAE Manufacturing Specialties Corp, GJ Chemical, Celanese, Veckridge Chemical, LG Chem, Hydrite Chemical, Nizhnekamskneftekhim, Hampford Research, NuGenTec, Kind Chemical, Tedia Company, Kodak Solvent Recovery, Hudson Chemicals, Chemex Research

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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