China - Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingAcetic Acid Price in China - 2023
Contents:
- Acetic Acid Price in China (FOB) - 2023
- Acetic Acid Price in China (CIF) - 2022
- Acetic Acid Exports in China
- Acetic Acid Imports in China
Acetic Acid Price in China (FOB) - 2023
The average acetic acid export price stood at $399 per ton in June 2023, with an increase of 2.4% against the previous month. Overall, the export price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in March 2023 an increase of 11% month-to-month. The export price peaked at $612 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Brazil ($562 per ton), while the average price for exports to India ($349 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 Brazil (-0.5%), while the prices for the other major destinations experienced a decline.
Acetic Acid Price in China (CIF) - 2022
In 2022, the average acetic acid import price amounted to $3,226 per ton, increasing by 83% against the previous year. Over the period under review, the import price continues to indicate significant growth. The pace of growth was the most pronounced in 2021 an increase of 477%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($20,016 per ton), while the price for Germany ($1,058 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Acetic Acid Exports in China
In 2022, exports of acetic acid from China rose notably to 1.1M tons, surging by 11% compared with 2021 figures. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 148%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, acetic acid exports declined rapidly to $609M in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 515% against the previous year. As a result, the exports reached the peak of $819M, and then contracted notably in the following year.
| Export of Acetic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 144 | 49.3 | 394 | 294 | 26.9% |
| Turkey | 4.5 | 2.3 | 98.9 | 52.8 | 127.2% |
| Belgium | 31.2 | 30.3 | 47.6 | 51.7 | 18.3% |
| South Korea | 20.3 | 9.5 | 70.0 | 47.1 | 32.4% |
| Japan | 6.0 | 0.1 | 55.6 | 33.9 | 78.1% |
| Spain | 4.6 | 2.8 | 15.4 | 19.9 | 62.9% |
| Brazil | 0.5 | 1.6 | 16.7 | 18.2 | 231.4% |
| Others | 53.8 | 37.4 | 121 | 91.4 | 19.3% |
| Total | 265 | 133 | 819 | 609 | 32.0% |
Top Export Markets for Acetic Acid from China in 2022:
- India (566.8K tons)
- Belgium (120.5K tons)
- Turkey (91.6K tons)
- South Korea (84.1K tons)
- Japan (57.1K tons)
- Brazil (34.0K tons)
- Spain (30.7K tons)
Acetic Acid Imports in China
In 2022, overseas purchases of acetic acid decreased by -49.6% to 1.8K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a precipitous setback. The growth pace was the most rapid in 2020 with an increase of 768%. As a result, imports attained the peak of 69K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, acetic acid imports reduced to $5.8M in 2022. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 329%. As a result, imports reached the peak of $21M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Acetic Acid in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 125 | 781 | 2,234 | 2,528 | 172.5% |
| Germany | 851 | 540 | 586 | 857 | 0.2% |
| Japan | 42.6 | 828 | 2,010 | 855 | 171.8% |
| United Kingdom | 175 | 227 | 302 | 655 | 55.3% |
| United States | 111 | 168 | 331 | 560 | 71.5% |
| Malaysia | 1,422 | N/A | N/A | N/A | 0% |
| Oman | N/A | 1,180 | N/A | N/A | 0% |
| Taiwan (Chinese) | 1,727 | N/A | N/A | N/A | 0% |
| Iran | N/A | 1,250 | N/A | N/A | 0% |
| Others | 472 | 16,136 | 886 | 391 | -6.1% |
| Total | 4,925 | 21,111 | 6,349 | 5,847 | 5.9% |
Top Suppliers of Acetic Acid to China in 2022:
- Germany (810.1 tons)
- South Korea (681.7 tons)
- Japan (84.0 tons)
- United States (70.7 tons)
- United Kingdom (32.7 tons)
This report provides an in-depth analysis of the acetic acid 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 20143271 - Acetic acid
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
581
This report provides an in-depth analysis of the acetic acid market in China.
395
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in China.
79
This report provides an in-depth analysis of the market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids in China.
56
This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in China.
288
This report provides an in-depth analysis of the market for salts of acetic acid in China.
422
This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in China.
405
This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters in China.
286
This report provides an in-depth analysis of the market for formic acid, its salts and esters in China.
327
This report provides an in-depth analysis of the ethyl acetate market in China.
424
This report provides an in-depth analysis of the acetic anhydride market in China.
293
Exports of Acetic Acid declined significantly to $21M in June 2023 in terms of value.
304
In value terms, saturated acyclic monocarboxylic acids exports surged to $271M in March 2023
128
In Feb 2023, the cost of acetic acid salts decreased to $1,285/ton (FOB, China), representing a -2.6% decrease compared to the previous month.
281
In September 2022, the ethyl acetate price stood at $885 per ton (FOB, China), reducing by -8.8% against the previous month.
194
Acetic Anhydride exports increased to $1.7M in February 2023.
957
In value terms, acetals and hemiacetals imports totaled $X in 2016. Overall, acetals and hemiacetals imports continue to indicate a mild deduction. Over the period under review, global acetals and h...
1043
In value terms, acetals and hemiacetals exports totaled $X in 2016. In general, acetals and hemiacetals exports continue to indicate a relatively flat trend pattern. In that year, global acetals and...
218
Saturated Acyclic Monocarboxylic Acids are important chemical compounds used in various industries, including pharmaceuticals, cosmetics, and chemical manufacturing. In this article, we explore the world's best import markets for saturated acyclic monocarboxylic acids, backed by data and key statistics from the IndexBox market intelligence platform. Belgium leads the way as the largest importer, followed by India, Germany, China, and the United States. The Netherlands, Italy, Japan, Mexico, and Spain also play significant roles. Learn more about this vibrant and dynamic import market.
890
Global acyclic acid imports stood at X tons in 2016, coming down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the period from...
1367
Global acyclic acid imports stood at X tons in 2016, coming down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the period from...
