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U.S. - Esters Of Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Esters of Acetic Acid (Excluding Ethyl Acetate) in the United States - 2023
Contents:
- Price for Esters of Acetic Acid (Excluding Ethyl Acetate) in the United States (FOB) - 2023
- Price for Esters of Acetic Acid (Excluding Ethyl Acetate) in the United States (CIF) - 2023
- Exports of Esters of Acetic Acid (Excluding Ethyl Acetate) in the United States
- Imports of Esters of Acetic Acid (Excluding Ethyl Acetate) in the United States
Price for Esters of Acetic Acid (Excluding Ethyl Acetate) in the United States (FOB) - 2023
In November 2023, the average export price for esters of acetic acid (excluding ethyl acetate) amounted to $1,033 per ton, reducing by -13.9% against the previous month. Overall, the export price saw a noticeable contraction. The pace of growth appeared the most rapid in February 2023 an increase of 20% month-to-month. As a result, the export price attained the peak level of $1,552 per ton. From March 2023 to November 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In November 2023, the highest price was recorded for prices to Mexico ($1,255 per ton) and Canada ($1,227 per ton), while the average price for exports to Belgium ($868 per ton) and Colombia ($873 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-2.5%), while the prices for the other major destinations experienced a decline.
Price for Esters of Acetic Acid (Excluding Ethyl Acetate) in the United States (CIF) - 2023
In November 2023, the average import price for esters of acetic acid (excluding ethyl acetate) amounted to $2,893 per ton, shrinking by -6.6% against the previous month. Overall, the import price saw a noticeable slump. The most prominent rate of growth was recorded in February 2023 an increase of 44% against the previous month. The import price peaked at $3,731 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the UK ($3,646 per ton), while the price for Belgium ($1,366 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Singapore (+51.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Esters of Acetic Acid (Excluding Ethyl Acetate) in the United States
In 2022, shipments abroad of esters of acetic acid (excluding ethyl acetate) decreased by -7.6% to 630K tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. As a result, the exports reached the peak of 745K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of esters of acetic acid (excluding ethyl acetate) expanded sharply to $1B in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 46% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
Export of Esters of Acetic Acid (Excluding Ethyl Acetate) in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 187 | 256 | 384 | 382 | 26.9% |
Mexico | 115 | 120 | 178 | 201 | 20.5% |
Canada | 70.5 | 66.9 | 102 | 116 | 18.1% |
Brazil | 42.4 | 38.2 | 52.8 | 75.9 | 21.4% |
Colombia | 23.2 | 21.6 | 43.9 | 41.7 | 21.6% |
Peru | 12.7 | 15.6 | 27.0 | 27.3 | 29.1% |
Argentina | 12.2 | 11.1 | 16.3 | 17.7 | 13.2% |
Ecuador | 6.3 | 7.1 | 18.8 | 16.0 | 36.4% |
Chile | 11.6 | 9.9 | 16.2 | 15.0 | 8.9% |
Netherlands | 19.5 | 16.6 | 13.1 | 13.4 | -11.8% |
Italy | 21.2 | 10.1 | 15.9 | 13.2 | -14.6% |
Others | 100 | 88.4 | 102 | 108 | 2.6% |
Total | 622 | 662 | 969 | 1,027 | 18.2% |
Top Export Markets for Esters of Acetic Acid (Excluding Ethyl Acetate) from the United States in 2022:
- Belgium (272.4K tons)
- Mexico (114.3K tons)
- Canada (66.0K tons)
- Brazil (47.5K tons)
- Colombia (23.6K tons)
- Peru (15.6K tons)
- Italy (11.1K tons)
- Argentina (10.0K tons)
- Ecuador (9.6K tons)
- Chile (8.6K tons)
- Netherlands (6.9K tons)
Imports of Esters of Acetic Acid (Excluding Ethyl Acetate) in the United States
After three years of growth, supplies from abroad of esters of acetic acid (excluding ethyl acetate) decreased by -20.7% to 62K tons in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. As a result, imports reached the peak of 78K tons, and then shrank markedly in the following year.
In value terms, imports of esters of acetic acid (excluding ethyl acetate) declined modestly to $206M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.8% 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 +67.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, imports reached the peak of $207M, leveling off in the following year.
Import of Esters of Acetic Acid (Excluding Ethyl Acetate) in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 31.3 | 31.6 | 39.0 | 43.8 | 11.9% |
China | 32.9 | 29.6 | 34.9 | 42.4 | 8.8% |
Germany | 17.9 | 18.4 | 24.3 | 27.2 | 15.0% |
South Korea | 1.4 | 3.9 | 6.8 | 18.8 | 137.7% |
United Kingdom | 5.3 | 7.3 | 8.4 | 12.1 | 31.7% |
Mexico | 8.5 | 11.3 | 10.5 | 9.6 | 4.1% |
Belgium | 1.6 | 1.4 | 4.3 | 8.9 | 77.2% |
Singapore | 5.3 | 7.2 | 8.4 | 8.5 | 17.1% |
Taiwan (Chinese) | N/A | 0.3 | 18.9 | 7.1 | 386.5% |
Others | 18.8 | 18.3 | 51.7 | 27.5 | 13.5% |
Total | 123 | 129 | 207 | 206 | 18.8% |
Top Suppliers of Esters of Acetic Acid (Excluding Ethyl Acetate) to the United States in 2022:
- China (12.4K tons)
- India (10.8K tons)
- Germany (9.1K tons)
- South Korea (7.5K tons)
- Singapore (3.9K tons)
- Belgium (3.4K tons)
- Mexico (3.1K tons)
- Taiwan (Chinese) (2.9K tons)
- United Kingdom (2.8K tons)
This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in the U.S.. 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 20143219 - Esters of acetic acid (excluding ethyl acetate)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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The exports of Saturated Acyclic Monocarboxylic Acids in terms of value decreased significantly to $143M in July 2023.
In July 2022, the ethyl acetate price per ton stood at $1,456 per ton, waning by -5.8% against the previous month.
In July 2022, the acetic anhydride price per ton stood at $1,265 per ton, surging by less than 0.1% against the previous month.
Acetic Acid exports peaked at 1.1M tons in 2014, but decreased in the following years. By 2023, exports were valued at $457M.
In value terms, acetic acid exports stood at $47M in April 2023.
In November 2022, the acetic acid price stood at $648 per ton (FOB, US), which is down by -10.8% against the previous month.
In June 2022, the acetic acid price per ton stood at $810 per ton in June 2022, declining by -4.1% against the previous month.
Explore the top import markets for Esters Of Acetic Acid (excluding Ethyl Acetate) in 2023. Learn about the key countries driving the global market for esters of acetic acid.
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