Northern America: Market for Esters Of Acetic Acid (excluding Ethyl Acetate) 2024

Market Size for Esters Of Acetic Acid (excluding Ethyl Acetate) in Northern America

The North American market for esters of acetic acid (excluding ethyl acetate) was estimated at $X in 2023, standing approx. at the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2023.

Production of Esters Of Acetic Acid (excluding Ethyl Acetate) in Northern America

In value terms, production of esters of acetic acid (excluding ethyl acetate) expanded sharply to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.

Exports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Exports in Northern America

In 2023, the amount of esters of acetic acid (excluding ethyl acetate) exported in Northern America fell slightly to X tons, therefore, remained relatively stable against 2022 figures. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of esters of acetic acid (excluding ethyl acetate) plummeted to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then contracted remarkably in the following year.

Exports by Country

In 2023, the United States (X tons) was the major exporter of esters of acetic acid (excluding ethyl acetate) in Northern America, comprising X% of total export.

The United States experienced a relatively flat trend pattern with regard to volume of exports of esters of acetic acid (excluding ethyl acetate). The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest esters of acetic acid (excluding ethyl acetate) supplier in Northern America.

In the United States, exports of esters of acetic acid (excluding ethyl acetate) remained relatively stable over the period from 2012-2023.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a modest expansion. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then contracted sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2023, the rate of growth in terms of prices for the United States amounted to X% per year.

Imports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Imports in Northern America

In 2023, purchases abroad of esters of acetic acid (excluding ethyl acetate) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total imports indicated a modest increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of esters of acetic acid (excluding ethyl acetate) shrank remarkably to $X in 2023. Total imports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2022, and then dropped remarkably in the following year.

Imports by Country

Canada was the largest importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by the United States (X tons), creating a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United States (with a CAGR of X%).

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2023.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform