China - Ethyl Acetate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthyl Acetate Price in China Reduces Notably to $885 per Ton After Three Consecutive Months of Contraction
China Ethyl Acetate Export Price in September 2022
In September 2022, the ethyl acetate price stood at $885 per ton (FOB, China), reducing by -8.8% against the previous month. In general, the export price continues to indicate a perceptible decrease. The growth pace was the most rapid in May 2022 when the average export price increased by 2.8% month-to-month. The export price peaked at $1,302 per ton in January 2022; however, from February 2022 to September 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In September 2022, the countries with the highest prices were Japan ($898 per ton) and Indonesia ($897 per ton), while the average price for exports to Thailand ($837 per ton) and Taiwan (Chinese) ($842 per ton) were amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-3.5%), while the prices for the other major destinations experienced a decline.
China Ethyl Acetate Exports
After three months of decline, shipments abroad of ethyl acetate increased by 41% to 34K tons in September 2022. In general, total exports indicated notable growth from January 2022 to September 2022: its volume increased at an average monthly rate of +2.2% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports increased by +41.0% against August 2022 indices. The pace of growth was the most pronounced in February 2022 when exports increased by 64% against the previous month. The exports peaked at 48K tons in May 2022; however, from June 2022 to September 2022, the exports stood at a somewhat lower figure.
In value terms, ethyl acetate exports surged to $30M (IndexBox estimates) in September 2022. Overall, exports, however, showed a pronounced descent. The pace of growth appeared the most rapid in February 2022 when exports increased by 57% against the previous month. As a result, the exports reached the peak of $58M. From March 2022 to September 2022, the growth of the exports remained at a lower figure.
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China Ethyl Acetate Exports by Country
Japan (9.7K tons), Indonesia (5.4K tons) and Taiwan (Chinese) (4.9K tons) were the main destinations of ethyl acetate exports from China, with a combined 59% share of total exports.
From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +25.3%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for ethyl acetate exported from China were Japan ($8.7M), Indonesia ($4.8M) and Taiwan (Chinese) ($4.1M), with a combined 59% share of total exports.
Taiwan (Chinese), with a CAGR of +18.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Factors Affecting Ethyl Acetate Prices
Ethyl acetate prices in China have been on the rise in recent years, due to a number of factors. Firstly, demand for the chemical has been increasing steadily, as it is used in a wide range of industries including paint and coatings, adhesives, printing inks and cosmetics. This has put pressure on suppliers to meet this growing demand, which in turn has driven up prices.
Additionally, raw material costs have also increased due to tight supply conditions. For example, one key raw material used to produce ethyl acetate is acetic acid, which has seen its price increase by over 50% in the past year alone. These rising costs have been passed on to consumers in the form of higher prices for ethyl acetate.
Chinese government policies have also played a role in driving up ethyl acetate prices. In recent years, the Chinese government has implemented a series of measures designed to promote domestic production of chemicals and other industrial materials. These policies have had the effect of stimulating investment in the country's manufacturing sector, and increasing overall demand for ethyl acetate, which also contributed to the rise in prices.
This report provides an in-depth analysis of the ethyl acetate market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
