Acetone Market

Acetone market: discover newly released datasets provided by an Ai-driven business intelligence platform. Information contain market prices, market size, exports, consumption, companies, trade, imports, and production. Here is a breakdown by region, including Latin America, China, the U.K., the U.S., Russia, EU, Africa, and the Middle East. Market insights and forecast to 2030 are also featured in the reports.

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Acetone - World's Largest Markets

Rating	Country
1	China
2	United States
3	Spain
4	Italy
5	United Kingdom

In value terms, China, the United States and Spain constituted the countries with the highest levels of market value in 2021, together accounting for 45% of the global market. These countries were followed by Italy, the UK, the Netherlands, Germany, India, Japan, Brazil, Mexico, Switzerland and South Korea, which together accounted for a further 45%.

Among the main consuming countries, the Netherlands saw the highest rates of growth with regard to market size, over the period under review, while acetone market for the other global leaders experienced more modest paces of growth.

Acetone Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Mexico	841	845	157	-56.8%
Taiwan (Chinese)	399	698	543	16.7%
South Korea	402	713	556	17.6%
Saudi Arabia	478	672	565	8.7%
Singapore	465	682	571	10.8%
Finland	651	n/a	651	0.0%
Russia	564	414	700	11.4%
Spain	739	n/a	739	0.0%
Thailand	523	757	912	32.1%
Belgium	631	652	1051	29.1%
Netherlands	591	795	1269	46.5%
Germany	702	801	1281	35.1%
China	504	1397	4797	208.5%
Average	556	703	891	26.6%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($4,797 per ton), while Mexico ($157 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by China (+208.5% per year), while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Italy	607	892	1596	62.2%
Brazil	622	845	1548	57.8%
Turkey	407	556	1240	74.5%
Thailand	592	788	1145	39.1%
Germany	701	680	1052	22.5%
Switzerland	757	768	1015	15.8%
Netherlands	687	775	989	20.0%
Belgium	741	634	940	12.6%
United Kingdom	684	677	875	13.1%
Mexico	577	577	706	10.6%
India	499	674	694	17.9%
China	429	755	584	16.7%
Average	571	734	891	24.9%

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($1,596 per ton), while China ($584 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+74.5% per year), while the other global leaders experienced more modest paces of growth.

Acetone - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
China	0.3	0.5	0.4	14.0%
Belgium	0.08	0.2	0.3	94.9%
Germany	0.1	0.09	0.2	42.8%
Netherlands	0.09	0.1	0.2	50.8%
United Kingdom	0.08	0.08	0.1	36.1%

In value terms, the largest acetone importing markets worldwide were China ($434M), Belgium ($296M) and Germany ($221M), together accounting for 43% of global imports. These countries were followed by the Netherlands, the UK, Brazil, India, Italy, Switzerland, Mexico, Thailand and Turkey, which together accounted for a further 41%.

Among the main importing countries, Brazil (+226.2% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Acetone - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
Belgium	0.2	0.3	0.6	96.3%
China	0.001079578	0.000345592	0.3	1479.5%
Thailand	0.08	0.2	0.2	55.6%
Taiwan (Chinese)	0.1	0.2	0.1	14.8%
South Korea	0.09	0.2	0.1	16.7%

In value terms, Belgium ($619M) remains the largest acetone supplier worldwide, comprising 28% of global exports. The second position in the ranking was occupied by China ($269M), with a 12% share of global exports. It was followed by Thailand, with a 9.1% share.

From 2019 to 2021, the average annual growth rate of value in Belgium stood at +96.3%. In the other countries, the average annual rates were as follows: China (+1,479.5% per year) and Thailand (+55.6% per year).

Acetone - Market Forecast

Depressed by shrinking demand for acetone worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.