Estonia - Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcetic Acid Price in Estonia - 2023
Contents:
- Acetic Acid Price in Estonia (CIF) - 2022
- Acetic Acid Price in Estonia (FOB) - 2022
- Acetic Acid Imports in Estonia
- Acetic Acid Exports in Estonia
Acetic Acid Price in Estonia (CIF) - 2022
In 2022, the average acetic acid import price amounted to $1,237 per ton, waning by -16.1% against the previous year. Overall, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 145% against the previous year. As a result, import price reached the peak level of $1,474 per ton, and then reduced markedly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($1,530 per ton) and South Korea ($1,499 per ton), while the price for Turkey ($1,035 per ton) and the UK ($1,209 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+63.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Acetic Acid Price in Estonia (FOB) - 2022
In 2022, the average acetic acid export price amounted to $1,320 per ton, reducing by -26.9% against the previous year. In general, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 54%. The export price peaked at $1,805 per ton in 2021, and then fell significantly in the following year.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($1,526 per ton), while the average price for exports to Lithuania totaled $1,209 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Acetic Acid Imports in Estonia
In 2022, acetic acid imports into Estonia soared to 617 tons, picking up by 47% against the previous year's figure. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, acetic acid imports skyrocketed to $763K in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 205%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
Import of Acetic Acid in Estonia (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | N/A | N/A | 41.3 | 177 | 328.6% |
United Kingdom | N/A | N/A | 40.0 | 170 | 325.0% |
China | 100 | 98.9 | 0.1 | 124 | 7.4% |
South Korea | N/A | 63.3 | N/A | 67.7 | 3.4% |
Belgium | N/A | 0.2 | 85.6 | 62.6 | 1669.2% |
Lithuania | 8.9 | 6.6 | 20.9 | 60.5 | 89.4% |
United States | 0.5 | 0.2 | 28.4 | 55.6 | 380.9% |
Latvia | 16.2 | 14.8 | 26.0 | 25.9 | 16.9% |
Russia | 22.5 | N/A | 212 | 6.2 | -34.9% |
Sweden | N/A | 13.4 | 84.8 | N/A | 532.8% |
Poland | 63.3 | N/A | N/A | N/A | 0% |
Others | 68.3 | 5.1 | 79.6 | 14.0 | -41.0% |
Total | 280 | 202 | 618 | 763 | 39.7% |
Top Suppliers of Acetic Acid to Estonia in 2022:
- Turkey (170.7 tons)
- United Kingdom (140.2 tons)
- China (98.9 tons)
- Belgium (51.7 tons)
- Lithuania (47.0 tons)
- South Korea (45.2 tons)
- United States (42.7 tons)
- Latvia (12.7 tons)
- Russia (4.1 tons)
Acetic Acid Exports in Estonia
Acetic acid exports from Estonia soared to 143 tons in 2022, picking up by 103% against 2021. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,155%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, acetic acid exports skyrocketed to $189K in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,624% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Acetic Acid in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | N/A | N/A | 72.3 | 112 | 54.9% |
Finland | 3.7 | 0.2 | 55.2 | 76.6 | 174.6% |
Latvia | 4.3 | 7.2 | N/A | N/A | 67.4% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 8.0 | 7.4 | 128 | 189 | 186.9% |
Top Export Markets for Acetic Acid from Estonia in 2022:
- Lithuania (92.9 tons)
- Finland (50.2 tons)
This report provides an in-depth analysis of the acetic acid market in Estonia. 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 20143271 - Acetic acid
Country coverage:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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