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World - Salts Of Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the increasing demand for salts of acetic acid worldwide, with a projected growth in market volume and value. Global consumption, production, imports, and exports of salts of acetic acid are analyzed, focusing on key countries such as China, the United States, India, and the Netherlands. Trends in market performance, growth rates, and price fluctuations are highlighted, providing insights into the dynamics of the global market for salts of acetic acid.
Market Forecast
Driven by increasing demand for salts of acetic acid worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market volume to 569K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $1.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Salts Of Acetic Acid
In 2022, global consumption of salts of acetic acid stood at 473K tons, surging by 8% compared with the previous year. The total consumption volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 with an increase of 8.9%. Over the period under review, global consumption hit record highs in 2022 and is expected to retain growth in years to come.
The global salts of acetic acid market revenue rose notably to $1.2B in 2022, growing by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (100K tons), the United States (73K tons) and India (36K tons), with a combined 44% share of global consumption. Japan, Brazil, Russia, Germany, the Netherlands, Mexico, the UK, France and South Korea lagged somewhat behind, together comprising a further 31%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the Netherlands (with a CAGR of +20.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($310M) led the market, alone. The second position in the ranking was taken by China ($152M). It was followed by Brazil.
From 2012 to 2022, the average annual growth rate of value in the United States totaled +6.8%. In the other countries, the average annual rates were as follows: China (+0.8% per year) and Brazil (+0.5% per year).
In 2022, the highest levels of salts of acetic acid per capita consumption was registered in the Netherlands (946 kg per 1000 persons), followed by the United States (219 kg per 1000 persons), Germany (210 kg per 1000 persons) and Japan (201 kg per 1000 persons), while the world average per capita consumption of salts of acetic acid was estimated at 60 kg per 1000 persons.
From 2012 to 2022, the average annual rate of growth in terms of the salts of acetic acid per capita consumption in the Netherlands stood at +20.2%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United States (+6.5% per year) and Germany (+4.9% per year).
Production
World Production of Salts Of Acetic Acid
Global salts of acetic acid production expanded to 444K tons in 2022, picking up by 4% against the previous year's figure. The total output volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 11% against the previous year. Over the period under review, global production hit record highs at 451K tons in 2020; however, from 2021 to 2022, production failed to regain momentum.
In value terms, salts of acetic acid production rose modestly to $1B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 10% against the previous year. Over the period under review, global production reached the maximum level in 2022 and is expected to retain growth in the near future.
Production By Country
China (151K tons) constituted the country with the largest volume of salts of acetic acid production, comprising approx. 34% of total volume. Moreover, salts of acetic acid production in China exceeded the figures recorded by the second-largest producer, the United States (44K tons), threefold. India (40K tons) ranked third in terms of total production with a 9% share.
In China, salts of acetic acid production increased at an average annual rate of +3.2% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+5.0% per year) and India (+3.5% per year).
Imports
World Imports of Salts Of Acetic Acid
For the third year in a row, the global market recorded growth in overseas purchases of salts of acetic acid, which increased by 3.3% to 179K tons in 2022. The total import volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, salts of acetic acid imports soared to $530M in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +60.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.
Imports By Country
In 2022, the United States (34K tons), distantly followed by Germany (15K tons), India (9.2K tons) and the Netherlands (8.4K tons) were the largest importers of salts of acetic acid, together generating 37% of total imports. France (7.5K tons), Spain (6.9K tons), Italy (6.7K tons), Russia (6.6K tons), China (5.7K tons), Belgium (5.5K tons), Poland (5.3K tons), South Africa (4.8K tons) and South Korea (4.8K tons) took a relatively small share of total imports.
From 2012 to 2022, average annual rates of growth with regard to salts of acetic acid imports into the United States stood at +8.5%. At the same time, China (+26.3%), Russia (+12.8%), the Netherlands (+10.0%), Spain (+8.2%), Poland (+7.3%), Belgium (+7.1%), South Africa (+5.2%), France (+4.9%), Italy (+3.4%), Germany (+2.5%) and South Korea (+2.4%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +26.3% from 2012-2022. India experienced a relatively flat trend pattern. While the share of the United States (+6.2 p.p.), China (+2.7 p.p.), Russia (+2 p.p.) and the Netherlands (+1.9 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Germany (-1.6 p.p.) and India (-2.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest salts of acetic acid importing markets worldwide were India ($88M), the United States ($83M) and Germany ($40M), together accounting for 40% of global imports. The Netherlands, Belgium, China, France, South Korea, Spain, Italy, Poland, Russia and South Africa lagged somewhat behind, together accounting for a further 28%.
Among the main importing countries, the Netherlands, with a CAGR of +15.5%, recorded the highest growth rate of 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 salts of acetic acid import price stood at $2,964 per ton in 2022, surging by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($9,604 per ton), while Russia ($1,296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.9%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Salts Of Acetic Acid
In 2022, global exports of salts of acetic acid declined to 150K tons, with a decrease of -7.5% on the year before. In general, total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.6% against 2014 indices. The growth pace was the most rapid in 2021 when exports increased by 23% against the previous year. As a result, the exports attained the peak of 162K tons, and then reduced in the following year.
In value terms, salts of acetic acid exports expanded to $395M in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the near future.
Exports By Country
In 2022, China (57K tons) was the key exporter of salts of acetic acid, comprising 38% of total exports. It was distantly followed by the Netherlands (26K tons), India (13K tons) and Germany (11K tons), together creating a 33% share of total exports. Belgium (6.4K tons), France (5K tons), Canada (5K tons), the United States (4.9K tons), the UK (4.6K tons), Japan (2.6K tons) and Taiwan (Chinese) (2.4K tons) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to salts of acetic acid exports from China stood at +7.0%. At the same time, India (+10.7%), Canada (+6.8%), Taiwan (Chinese) (+5.5%) and Japan (+3.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.7% from 2012-2022. The UK, Germany, the Netherlands and Belgium experienced a relatively flat trend pattern. By contrast, the United States (-1.0%) and France (-6.6%) illustrated a downward trend over the same period. While the share of China (+12 p.p.) and India (+4.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-1.5 p.p.), Belgium (-1.7 p.p.), Germany (-2.2 p.p.), France (-5.4 p.p.) and the Netherlands (-5.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($90M), the Netherlands ($80M) and Germany ($44M) constituted the countries with the highest levels of exports in 2022, together comprising 54% of global exports. Taiwan (Chinese), the UK, the United States, Belgium, India, France, Canada and Japan lagged somewhat behind, together comprising a further 37%.
Among the main exporting countries, Taiwan (Chinese), with a CAGR of +13.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average salts of acetic acid export price amounted to $2,633 per ton, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2021 an increase of 19% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($14,244 per ton), while India ($1,264 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for salts of acetic acid. 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 20143278 - Salts of acetic acid
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- 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
+ 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
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
- CONSUMPTION BY COUNTRY
- 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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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