U.S. - Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcetic Acid Price in the United States - 2023
Contents:
- Acetic Acid Price in the United States (FOB) - 2022
- Acetic Acid Price in the United States (CIF) - 2023
- Acetic Acid Exports in the United States
- Acetic Acid Imports in the United States
Acetic Acid Price in the United States (FOB) - 2022
The average acetic acid export price stood at $788 per ton in 2022, growing by 14% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acetic acid export price increased by +84.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 62%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($1,109 per ton), while the average price for exports to Belgium ($696 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Acetic Acid Price in the United States (CIF) - 2023
In August 2023, the average acetic acid import price amounted to $698 per ton, waning by -7.7% against the previous month. Overall, the import price showed a noticeable downturn. The pace of growth appeared the most rapid in November 2022 an increase of 35% month-to-month. Over the period under review, average import prices attained the peak figure at $1,116 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($826 per ton), while the price for Canada ($436 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.5%), while the prices for the other major suppliers experienced a decline.
Acetic Acid Exports in the United States
Acetic acid exports from the United States dropped to 684K tons in 2022, falling by -13.8% on the previous year. In general, exports recorded a noticeable slump. The pace of growth appeared the most rapid in 2021 when exports increased by 4.5%. As a result, the exports attained the peak of 794K tons, and then contracted in the following year.
In value terms, acetic acid exports fell modestly to $540M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, the exports attained the peak of $551M, and then shrank modestly in the following year.
| Export of Acetic Acid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 179 | 129 | 236 | 228 | 8.4% |
| Belgium | 79.6 | 73.6 | 163 | 168 | 28.3% |
| Brazil | 59.1 | 52.1 | 97.9 | 84.6 | 12.7% |
| Canada | 23.2 | 16.2 | 27.5 | 30.8 | 9.9% |
| Colombia | 3.5 | 3.9 | 7.8 | 11.4 | 48.2% |
| Netherlands | 59.8 | 34.1 | N/A | 0.2 | -85.0% |
| Others | 20.5 | 16.4 | 19.4 | 16.5 | -7.0% |
| Total | 425 | 325 | 551 | 540 | 8.3% |
Top Export Markets for Acetic Acid from the United States in 2022:
- Netherlands (undefinedK tons)
- Mexico (282.4K tons)
- Belgium (241.5K tons)
- Brazil (110.2K tons)
- Canada (27.7K tons)
- Colombia (11.2K tons)
Acetic Acid Imports in the United States
In 2022, approx. 58K tons of acetic acid were imported into the United States; picking up by 291% on the previous year. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, acetic acid imports skyrocketed to $53M in 2022. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acetic Acid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 0.2 | 0.2 | 4.1 | 20.8 | 370.3% |
| China | 2.3 | 1.5 | 5.7 | 16.4 | 92.5% |
| India | 0.2 | 0.1 | 0.6 | 5.1 | 194.3% |
| United Kingdom | 0.3 | 0.3 | 0.2 | 3.4 | 124.6% |
| Canada | 2.5 | 1.7 | 1.9 | 2.5 | 0.0% |
| South Korea | 2.1 | 1.5 | 2.4 | 2.2 | 1.6% |
| Others | 0.9 | 1.6 | 1.5 | 2.4 | 38.7% |
| Total | 8.6 | 7.0 | 16.4 | 52.7 | 83.0% |
Top Suppliers of Acetic Acid to the United States in 2022:
- Taiwan (Chinese) (22.8K tons)
- China (20.3K tons)
- Canada (5.7K tons)
- United Kingdom (3.5K tons)
- India (2.0K tons)
- South Korea (1.9K tons)
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
-
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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Acetic Acid exports peaked at 1.1M tons in 2014, but decreased in the following years. By 2023, exports were valued at $457M.
318
In value terms, acetic acid exports stood at $47M in April 2023.
275
In November 2022, the acetic acid price stood at $648 per ton (FOB, US), which is down by -10.8% against the previous month.
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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...
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