Belgium - Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcetic Acid Price in Belgium - 2023
Contents:
- Acetic Acid Price in Belgium (FOB) - 2023
- Acetic Acid Price in Belgium (CIF) - 2023
- Acetic Acid Exports in Belgium
- Acetic Acid Imports in Belgium
Acetic Acid Price in Belgium (FOB) - 2023
The average acetic acid export price stood at $754 per ton in June 2023, remaining stable against the previous month. Over the period under review, the export price, however, saw a perceptible reduction. The export price peaked at $1,059 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($965 per ton), while the average price for exports to Portugal ($630 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.6%), while the prices for the other major destinations experienced a decline.
Acetic Acid Price in Belgium (CIF) - 2023
The average acetic acid import price stood at $666 per ton in June 2023, with an increase of 3.9% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 13% month-to-month. As a result, import price attained the peak level of $806 per ton. From November 2022 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($963 per ton), while the price for the UK ($609 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced a decline.
Acetic Acid Exports in Belgium
In 2022, acetic acid exports from Belgium expanded notably to 554K tons, increasing by 11% against 2021. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,278% against the previous year. As a result, the exports attained the peak of 697K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, acetic acid exports skyrocketed to $538M in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 985% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Acetic Acid in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.7 | 204 | 262 | 280 | 167.1% |
| Netherlands | 6.4 | 64.3 | 56.8 | 90.1 | 141.5% |
| Poland | 1.9 | 6.2 | 14.3 | 62.2 | 219.9% |
| Portugal | 0.5 | 0.1 | 5.8 | 24.4 | 265.4% |
| France | 1.6 | 10.0 | 14.7 | 16.9 | 119.4% |
| Italy | 0.9 | 11.4 | 26.8 | 15.3 | 157.1% |
| Sweden | 0.3 | 0.8 | 18.5 | 14.4 | 263.4% |
| Others | 2.9 | 19.5 | 28.8 | 34.4 | 128.1% |
| Total | 29.2 | 317 | 428 | 538 | 164.1% |
Top Export Markets for Acetic Acid from Belgium in 2022:
- Germany (318.7K tons)
- Netherlands (85.5K tons)
- Poland (50.6K tons)
- Portugal (28.5K tons)
- France (15.1K tons)
- Italy (11.3K tons)
- Sweden (10.7K tons)
Acetic Acid Imports in Belgium
In 2022, overseas purchases of acetic acid decreased by -6.9% to 682K tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.1% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 77% against the previous year. As a result, imports attained the peak of 751K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, acetic acid imports surged to $501M in 2022. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 59% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Acetic Acid in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 81.4 | 107 | 152 | 156 | 24.2% |
| United Kingdom | 22.7 | 42.2 | 5.6 | 106 | 67.1% |
| China | 29.2 | 55.2 | 101 | 92.6 | 46.9% |
| Singapore | 9.3 | 6.0 | 25.3 | 65.6 | 91.8% |
| Germany | 4.0 | 13.6 | 18.4 | 24.1 | 82.0% |
| Saudi Arabia | 3.6 | 4.6 | 20.5 | 16.2 | 65.1% |
| Others | 19.2 | 40.8 | 72.9 | 40.1 | 27.8% |
| Total | 169 | 270 | 395 | 501 | 43.7% |
Top Suppliers of Acetic Acid to Belgium in 2022:
- United States (235.6K tons)
- China (144.3K tons)
- United Kingdom (135.3K tons)
- Singapore (102.2K tons)
- Germany (22.6K tons)
- Saudi Arabia (11.9K tons)
This report provides an in-depth analysis of the acetic acid market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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
-
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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