China - Acetone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcetone Price in China - 2023
Contents:
- Acetone Price in China (CIF) - 2022
- Acetone Price in China (FOB) - 2023
- Acetone Imports in China
- Acetone Exports in China
Acetone Price in China (CIF) - 2022
The average acetone import price stood at $869 per ton in 2021, increasing by 14% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The pace of growth appeared the most rapid in 2020 an increase of 76% against the previous year. The import price peaked at $1,110 per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($6,225 per ton), while the price for Taiwan (Chinese) ($831 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+23.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Acetone Price in China (FOB) - 2023
In June 2023, the average acetone export price amounted to $989 per ton, with an increase of 3.7% against the previous month. Overall, the export price, however, showed a slight reduction. The most prominent rate of growth was recorded in May 2023 an increase of 9.2% m-o-m. The export price peaked at $1,167 per ton in July 2022; however, from August 2022 to June 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In June 2023, the countries with the highest prices were Tunisia ($1,129 per ton) and Honduras ($1,068 per ton), while the average price for exports to Malaysia ($763 per ton) and Chile ($815 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Acetone Imports in China
In 2022, purchases abroad of acetone was finally on the rise to reach 663K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a deep reduction.
In value terms, acetone imports fell slightly to $538M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.9% 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 increased by +59.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year.
| Import of Acetone in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Saudi Arabia | 71.0 | 112 | 164 | 52.0% | |
| Thailand | 72.1 | 128 | 127 | 32.7% | |
| South Korea | 75.0 | 120 | 120 | 26.5% | |
| Taiwan (Chinese) | 84.0 | 133 | 112 | 15.5% | |
| Singapore | 6.3 | 21.3 | 5.9 | -3.2% | |
| Belgium | 23.5 | 6.9 | 1.2 | -77.4% | |
| Others | 5.0 | 13.0 | 10.7 | 46.3% | |
| Total | 337 | 535 | 541 | 26.7% | |
Top Suppliers of Acetone to China in 2022:
- Saudi Arabia (190.2K tons)
- Thailand (138.7K tons)
- South Korea (138.7K tons)
- Taiwan (Chinese) (135.1K tons)
- Singapore (7.5K tons)
- Belgium (1.2K tons)
Acetone Exports in China
In 2022, exports of acetone from China dropped remarkably to 32K tons, falling by -49.8% compared with the previous year's figure. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 25,804% against the previous year. As a result, the exports attained the peak of 64K tons, and then fell notably in the following year.
In value terms, acetone exports contracted remarkably to $33M in 2022. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 18,956% against the previous year. As a result, the exports attained the peak of $66M, and then fell notably in the following year.
| Export of Acetone in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 0.8 | N/A | 28.2 | 493.7% | |
| United States | N/A | N/A | 20.2 | 0% | |
| Mexico | N/A | N/A | 5.9 | 0% | |
| Turkey | N/A | N/A | 4.2 | 0% | |
| United Kingdom | N/A | N/A | 2.7 | 0% | |
| Others | 0.2 | 0.3 | 4.7 | 384.8% | |
| Total | 1.1 | 0.3 | 65.9 | 674.0% | |
Top Export Markets for Acetone from China in 2022:
- India (31.0K tons)
- United States (18.9K tons)
- Mexico (5.1K tons)
- Turkey (3.6K tons)
- United Kingdom (2.1K tons)
This report provides an in-depth analysis of the acetone 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 20146211 - Acetone
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.
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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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