U.S. - Salts Of Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Salts of Acetic Acid in the United States - 2023
Contents:
- Price for Salts of Acetic Acid in the United States (CIF) - 2022
- Price for Salts of Acetic Acid in the United States (FOB) - 2022
- Imports of Salts of Acetic Acid in the United States
- Exports of Salts of Acetic Acid in the United States
Price for Salts of Acetic Acid in the United States (CIF) - 2022
The average salts of acetic acid import price stood at $2,446 per ton in 2022, growing by 3.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
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 Taiwan (Chinese) ($11,007 per ton), while the price for Vietnam ($1,281 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Salts of Acetic Acid in the United States (FOB) - 2022
In 2022, the average salts of acetic acid export price amounted to $5,107 per ton, surging by 26% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($14,514 per ton), while the average price for exports to New Zealand ($2,628 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 (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Salts of Acetic Acid in the United States
Salts of acetic acid imports into the United States skyrocketed to 34K tons in 2022, picking up by 24% against the year before. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.7% 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 +72.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, salts of acetic acid imports surged to $83M in 2022. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 69% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Salts of Acetic Acid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 21.1 | 18.4 | 21.1 | 26.9 | 8.4% |
| China | 7.5 | 4.7 | 8.3 | 15.5 | 27.4% |
| Canada | 3.6 | 4.6 | 7.6 | 7.8 | 29.4% |
| Taiwan (Chinese) | 0.6 | 0.3 | 5.9 | 6.6 | 122.4% |
| United Kingdom | 1.8 | 1.8 | 5.4 | 5.6 | 46.0% |
| Denmark | 4.1 | 1.8 | 2.4 | 4.8 | 5.4% |
| India | 1.4 | 1.2 | 2.6 | 3.7 | 38.3% |
| Austria | N/A | 0.5 | 2.1 | 2.8 | 136.6% |
| Germany | 1.1 | 1.2 | 1.6 | 2.5 | 31.5% |
| Italy | N/A | N/A | 0.7 | 1.9 | 171.4% |
| Vietnam | N/A | 0.4 | 2.4 | 0.7 | 32.3% |
| Others | 2.8 | 3.2 | 4.5 | 4.3 | 15.4% |
| Total | 44.0 | 38.1 | 64.5 | 82.9 | 23.5% |
Top Suppliers of Salts of Acetic Acid to the United States in 2022:
- Netherlands (12.0K tons)
- China (9.3K tons)
- Canada (4.9K tons)
- India (1.1K tons)
- Germany (1.1K tons)
- United Kingdom (1.0K tons)
- Italy (0.9K tons)
- Denmark (0.8K tons)
- Taiwan (Chinese) (0.6K tons)
- Austria (0.6K tons)
- Vietnam (0.5K tons)
Exports of Salts of Acetic Acid in the United States
In 2022, overseas shipments of salts of acetic acid decreased by -21.2% to 4.9K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 when exports increased by 8.9% against the previous year. As a result, the exports attained the peak of 6.2K tons, and then shrank significantly in the following year.
In value terms, salts of acetic acid exports shrank modestly to $25M in 2022. The total export value increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year.
| Export of Salts of Acetic Acid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4.7 | 6.5 | 7.7 | 7.7 | 17.9% |
| South Korea | 0.8 | 1.5 | 3.4 | 4.6 | 79.2% |
| Mexico | 2.3 | 1.4 | 2.7 | 2.2 | -1.5% |
| Austria | 3.0 | 3.1 | 3.3 | 2.2 | -9.8% |
| New Zealand | 1.1 | 1.3 | 1.6 | 1.3 | 5.7% |
| Germany | 0.5 | 0.8 | 0.7 | 1.0 | 26.0% |
| United Kingdom | N/A | 0.1 | 0.6 | 0.9 | 200.0% |
| Belgium | 2.9 | 1.8 | 0.8 | 0.5 | -44.3% |
| India | 1.0 | 2.5 | 0.1 | N/A | -68.4% |
| Others | 3.4 | 4.7 | 4.4 | 4.8 | 12.2% |
| Total | 19.8 | 23.6 | 25.4 | 25.1 | 8.2% |
Top Export Markets for Salts of Acetic Acid from the United States in 2022:
- Canada (2342.5 tons)
- Mexico (658.2 tons)
- New Zealand (477.2 tons)
- Austria (325.7 tons)
- South Korea (315.3 tons)
- United Kingdom (92.4 tons)
- Germany (85.0 tons)
- Belgium (57.6 tons)
- India (8.5 tons)
This report provides an in-depth analysis of the market for salts of acetic acid 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 20143278 - Salts of 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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