U.S. - Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUnited States Faces 15% Decline in Acetic Acid Export Revenue, Dropping to $457M
U.S. Acetic Acid Exports
In 2023, acetic acid exports from the United States skyrocketed to 835K tons, growing by 22% on the previous year. Overall, exports, however, continue to indicate a perceptible shrinkage. The exports peaked at 1.1M tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.
In value terms, acetic acid exports reduced remarkably to $457M (IndexBox estimates) in 2023. Over the period under review, exports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 70%. The exports peaked at $628M in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Acetic Acid in U.S. (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Belgium | 238 | 316 | 216 | 120 | 107 | 110 | 79.6 | 73.6 | 163 | 168 | 171 |
| Mexico | 187 | 187 | 165 | 143 | 152 | 219 | 179 | 129 | 236 | 228 | 163 |
| Brazil | 64.8 | 70.7 | 53.5 | 41.8 | 52.0 | 59.3 | 59.1 | 52.1 | 97.9 | 84.6 | 55.5 |
| Canada | 23.5 | 28.5 | 22.9 | 18.2 | 17.3 | 24.6 | 23.2 | 16.2 | 27.5 | 30.8 | 25.0 |
| India | 2.1 | 2.6 | 4.1 | 3.7 | 14.2 | 4.8 | 5.7 | 0.1 | 0.1 | 0.2 | 8.1 |
| Singapore | 2.4 | 0.2 | 0.3 | 0.1 | 0.1 | 9.4 | 0.3 | 2.0 | 0.3 | 0.7 | 6.0 |
| Others | 58.9 | 22.8 | 24.6 | 72.9 | 64.2 | 85.6 | 77.8 | 52.3 | 26.8 | 27.3 | 28.4 |
| Total | 576 | 628 | 486 | 400 | 407 | 512 | 425 | 325 | 551 | 540 | 457 |
Exports by Country
Belgium (386K tons), Mexico (260K tons) and Brazil (103K tons) were the main destinations of acetic acid exports from the United States, with a combined 90% share of total exports. Canada, India and Singapore lagged somewhat behind, together comprising a further 7.8%.
From 2013 to 2023, the biggest increases were recorded for Singapore (with a CAGR of +33.7%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the largest markets for acetic acid exported from the United States were Belgium ($171M), Mexico ($163M) and Brazil ($55M), with a combined 85% share of total exports. Canada, India and Singapore lagged somewhat behind, together comprising a further 8.6%.
In terms of the main countries of destination, India, with a CAGR of +14.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the acetic acid price amounted to $548 per ton (FOB, US), declining by -30.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 62% against the previous year. Over the period under review, the average export prices attained the maximum at $786 per ton in 2022, and then dropped significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($945 per ton), while the average price for exports to Singapore ($346 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the acetic acid market 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 20143271 - Acetic acid
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
