India - Salts Of Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Salts of Acetic Acid in India - 2023
Contents:
- Price for Salts of Acetic Acid in India (CIF) - 2023
- Price for Salts of Acetic Acid in India (FOB) - 2022
- Imports of Salts of Acetic Acid in India
- Exports of Salts of Acetic Acid in India
Price for Salts of Acetic Acid in India (CIF) - 2023
In July 2023, the average salts of acetic acid import price amounted to $6,740 per ton, growing by 14% against the previous month. Overall, the import price, however, showed a slight decline. The pace of growth was the most pronounced in October 2022 when the average import price increased by 132% m-o-m. As a result, import price reached the peak level of $17,091 per ton. From November 2022 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Canada ($8,895 per ton), while the price for Hong Kong SAR ($2,830 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (-0.0%), while the prices for the other major suppliers experienced a decline.
Price for Salts of Acetic Acid in India (FOB) - 2022
The average salts of acetic acid export price stood at $1,246 per ton in 2022, growing by 15% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 25%. As a result, the export price reached the peak level of $2,104 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($4,016 per ton), while the average price for exports to Bangladesh ($496 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 Belgium (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Salts of Acetic Acid in India
In 2022, after three years of growth, there was significant decline in purchases abroad of salts of acetic acid, when their volume decreased by -32% to 9.2K tons. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 9.3% against the previous year. As a result, imports reached the peak of 14K tons, and then reduced remarkably in the following year.
In value terms, salts of acetic acid imports surged to $88M in 2022. Overall, imports, however, saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Salts of Acetic Acid in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 72.2 | 56.3 | 54.7 | 63.4 | -4.2% |
| Taiwan (Chinese) | 6.1 | 3.6 | 14.8 | 22.2 | 53.8% |
| Sweden | 1.1 | 1.7 | N/A | N/A | 54.5% |
| Others | 8.0 | 5.8 | 2.8 | 2.4 | -33.1% |
| Total | 87.4 | 67.3 | 72.3 | 88.0 | 0.2% |
Top Suppliers of Salts of Acetic Acid to India in 2022:
- China (7.7K tons)
- Taiwan (Chinese) (1.2K tons)
Exports of Salts of Acetic Acid in India
In 2022, approx. 13K tons of salts of acetic acid were exported from India; waning by -3.5% compared with the previous year's figure. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 135% against the previous year. As a result, the exports attained the peak of 14K tons, and then contracted modestly in the following year.
In value terms, salts of acetic acid exports rose notably to $17M in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Salts of Acetic Acid in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 677 | 603 | 3,177 | 4,004 | 80.8% |
| United States | 1,089 | 1,739 | 2,389 | 3,125 | 42.1% |
| Vietnam | 589 | 445 | 1,226 | 1,950 | 49.0% |
| Turkey | 444 | 185 | 368 | 661 | 14.2% |
| South Korea | 386 | 375 | 516 | 651 | 19.0% |
| Mexico | 377 | 472 | 768 | 510 | 10.6% |
| Italy | 293 | 202 | 259 | 507 | 20.1% |
| Brazil | 260 | 177 | 337 | 472 | 22.0% |
| Iran | 122 | 131 | 34.2 | 317 | 37.5% |
| United Arab Emirates | 122 | 93.2 | 101 | 140 | 4.7% |
| Bangladesh | 158 | 85.9 | 76.3 | 125 | -7.5% |
| Netherlands | 83.4 | 24.6 | 145 | 105 | 8.0% |
| Others | 2,977 | 3,726 | 5,735 | 4,164 | 11.8% |
| Total | 7,578 | 8,259 | 15,134 | 16,731 | 30.2% |
Top Export Markets for Salts of Acetic Acid from India in 2022:
- China (4.2K tons)
- Vietnam (1.7K tons)
- United States (1.1K tons)
- South Korea (1.1K tons)
- Italy (1.0K tons)
- Turkey (0.8K tons)
- Brazil (0.7K tons)
- Iran (0.4K tons)
- Bangladesh (0.3K tons)
- Netherlands (0.2K tons)
- Mexico (0.2K tons)
- United Arab Emirates (0.2K tons)
This report provides an in-depth analysis of the market for salts of acetic acid 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 20143278 - Salts of acetic acid
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
-
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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