Cuba: Acetic Anhydride Market 2022

Acetic Anhydride Market Size in Cuba

In 2021, the Cuban acetic anhydride market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a pronounced downturn. Acetic anhydride consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Acetic Anhydride Exports

Exports from Cuba

Acetic anhydride exports from Cuba totaled X kg in 2015, standing approx. at the previous year's figure. Overall, exports showed a relatively flat trend pattern. The exports peaked in 2015 and are likely to continue growth in the immediate term.

In value terms, acetic anhydride exports totaled $X in 2015. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2015 and are likely to continue growth in years to come.

Exports by Country

The Netherlands (X kg) was the main destination for acetic anhydride exports from Cuba, accounting for a approx. 100% share of total exports.

From 2015 to 2015, the average annual growth rate of volume to the Netherlands was relatively modest.

From 2015 to 2015, the average annual growth rate of value to the Netherlands was relatively modest.

Acetic Anhydride Imports

Imports into Cuba

In 2021, supplies from abroad of acetic anhydride increased by 352% to X kg for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at X kg in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, acetic anhydride imports surged to $X in 2021. Overall, imports, however, recorded a deep reduction. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X kg) and Spain (X kg) were the main suppliers of acetic anhydride imports to Cuba.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of 0.0%).

In value terms, Spain ($X) and the Netherlands ($X) appeared to be the largest acetic anhydride suppliers to Cuba.

The Netherlands, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average acetic anhydride import price amounted to $X per ton, which is down by -20.1% against the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+23.3%).

Source: IndexBox Market Intelligence Platform

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