India - Ethyl Acetate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthyl Acetate Price in India - 2023
Contents:
- Ethyl Acetate Price in India (FOB) - 2023
- Ethyl Acetate Price in India (CIF) - 2022
- Ethyl Acetate Exports in India
- Ethyl Acetate Imports in India
Ethyl Acetate Price in India (FOB) - 2023
In July 2023, the average ethyl acetate export price amounted to $1,011 per ton, dropping by -2.8% against the previous month. Over the period under review, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in March 2023 an increase of 3.2% m-o-m. The export price peaked at $1,240 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In July 2023, the highest price was recorded for prices to Egypt ($1,071 per ton) and Tunisia ($1,053 per ton), while the average price for exports to Spain ($759 per ton) and Nigeria ($977 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (-1.8%), while the prices for the other major destinations experienced a decline.
Ethyl Acetate Price in India (CIF) - 2022
The average ethyl acetate import price stood at $5,848 per ton in 2022, rising by 243% against the previous year. Over the period under review, the import price showed a buoyant increase. The import price peaked at $6,894 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
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 Switzerland ($7,176 per ton), while the price for China ($1,302 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Ethyl Acetate Exports in India
In 2022, the amount of ethyl acetate exported from India reduced to 100K tons, which is down by -12.7% compared with the year before. Over the period under review, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 6.4%. As a result, the exports attained the peak of 114K tons, and then declined in the following year.
In value terms, ethyl acetate exports contracted notably to $128M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 85%. As a result, the exports attained the peak of $161M, and then reduced dramatically in the following year.
Export of Ethyl Acetate in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 15.5 | 10.6 | 34.1 | 24.5 | 16.5% |
Italy | 11.7 | 8.2 | 19.2 | 19.9 | 19.4% |
Nigeria | 6.1 | 9.1 | 18.5 | 12.0 | 25.3% |
Bangladesh | 5.6 | 4.7 | 4.9 | 11.1 | 25.6% |
United Arab Emirates | 5.1 | 8.7 | 17.4 | 9.3 | 22.2% |
Turkey | 4.1 | N/A | 4.7 | 7.7 | 23.4% |
Kenya | 2.7 | 3.0 | 6.3 | 6.2 | 31.9% |
Spain | 6.3 | 6.5 | 12.3 | 5.9 | -2.2% |
Egypt | 6.6 | 7.7 | 4.8 | 3.9 | -16.1% |
Nepal | 2.1 | 2.3 | 3.6 | 3.6 | 19.7% |
Singapore | N/A | 3.3 | 5.3 | 3.1 | -3.1% |
Sri Lanka | 0.9 | 1.1 | 1.6 | 2.0 | 30.5% |
Russia | 8.6 | 4.0 | 5.1 | 0.6 | -58.8% |
Others | 19.8 | 17.4 | 22.8 | 17.8 | -3.5% |
Total | 95.2 | 86.6 | 161 | 128 | 10.4% |
Top Export Markets for Ethyl Acetate from India in 2022:
- Belgium (19.5K tons)
- Italy (15.1K tons)
- Nigeria (9.0K tons)
- Bangladesh (8.5K tons)
- United Arab Emirates (8.0K tons)
- Turkey (7.3K tons)
- Kenya (4.7K tons)
- Spain (4.2K tons)
- Nepal (3.0K tons)
- Egypt (2.8K tons)
- Singapore (2.6K tons)
- Sri Lanka (1.5K tons)
- Russia (0.5K tons)
Ethyl Acetate Imports in India
After three years of growth, purchases abroad of ethyl acetate decreased by -88.8% to 440 tons in 2022. Over the period under review, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 259% against the previous year. As a result, imports attained the peak of 3.9K tons, and then shrank significantly in the following year.
In value terms, ethyl acetate imports declined dramatically to $2.6M in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 667% against the previous year.
Import of Ethyl Acetate in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 2.5 | 1,900 | 442 | 1,638 | 768.5% |
United States | 27.5 | 29.1 | 25.6 | 645 | 186.2% |
China | 6.6 | 417 | 2,209 | 85.3 | 134.7% |
Singapore | 2.1 | 1.9 | 8.8 | 30.4 | 143.7% |
South Korea | N/A | N/A | N/A | 28.4 | 0% |
Saudi Arabia | 88.1 | 1,083 | 2,843 | 25.9 | -33.5% |
United Arab Emirates | 160 | 3.2 | 9.4 | N/A | -75.8% |
Others | 249 | 675 | 1,157 | 120 | -21.6% |
Total | 536 | 4,110 | 6,694 | 2,572 | 68.7% |
Top Suppliers of Ethyl Acetate to India in 2022:
- Switzerland (228.2 tons)
- United States (94.4 tons)
- China (65.5 tons)
- Saudi Arabia (17.6 tons)
- South Korea (13.6 tons)
- Singapore (9.7 tons)
This report provides an in-depth analysis of the ethyl acetate market in India. 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 20143215 - Ethyl acetate
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
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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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Ethyl Acetate experienced significant growth in January 2023, with a 34% increase compared to the previous month. By November 2023, exports of Ethyl Acetate reached $7.5M in value.
In February 2023, the ethyl acetate price stood at $1,029 per ton (FOB, India), reducing by -1.9% against the previous month.
In October 2022, the saturated acyclic monocarboxylic acids price stood at $1,116 per ton (CIF, India), surging by 11% against the previous month.
In February 2023, the salts of acetic acid price stood at $6,270 per ton (CIF, India), increasing by 9% against the previous month.
In the past decade, India doubled acetic acid imports in physical terms. In 2020, they grew by +7.7% y-o-y to 953K tons. Malaysia, Singapore and China constitute the most significant suppliers, accounting for 70% of India's acetic acid imports. Taiwan featured the highest growth rate of exports to India in 2020. Last year, the average acetic acid import price dropped by -22.9% y-o-y to $349 per ton.
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