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India - Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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India: Acetic Acid Market Overview 2021

Acetic Acid Market Size in India

In 2020, the Indian acetic acid market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw modest growth. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. from 2019 to 2020, the growth of the market remained at a lower figure.

Acetic Acid Exports

Exports from India

In 2020, overseas shipments of acetic acid decreased by -X% to X tonnes, falling for the second consecutive year after four years of growth. In general, exports showed a mild downturn. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, acetic acid exports reduced markedly to $X in 2020. Overall, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X tonnes) was the main destination for acetic acid exports from India, accounting for a X% share of total exports. Moreover, acetic acid exports to Bangladesh exceeded the volume sent to the second major destination, the United Arab Emirates (X tonnes), sixfold. The third position in this ranking was occupied by Sri Lanka (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Bangladesh amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Sri Lanka (+X% per year).

In value terms, Bangladesh ($X) remains the key foreign market for acetic acid exports from India, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Bangladesh stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Sri Lanka (+X% per year).

Export Prices by Country

The average acetic acid export price stood at $X per tonne in 2020, waning by -X% against the previous year. Over the period under review, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Oman ($X per tonne), while the average price for exports to Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Oman, while the prices for the other major destinations experienced a decline.

Acetic Acid Imports

Imports into India

In 2020, approx. X tonnes of acetic acid were imported into India; surging by X% against the previous year's figure. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, acetic acid imports declined markedly to $X in 2020. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tonnes), Singapore (X tonnes) and China (X tonnes) were the main suppliers of acetic acid imports to India, together comprising X% of total imports. These countries were followed by Taiwan (Chinese), Saudi Arabia, Iran and South Korea, which together accounted for a further X 2007 to 2020, the biggest increases were in South Korea (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and China ($X) constituted the largest acetic acid suppliers to India, with a combined X% share of total imports. Taiwan (Chinese), Saudi Arabia, Iran and South Korea lagged somewhat behind, together accounting for a further X terms of the main suppliers, South Korea recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average acetic acid import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2019 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Singapore ($X per tonne) and South Korea ($X per tonne), while the price for Iran ($X per tonne) and Saudi Arabia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acetic acid in the world?
+
The countries with the highest volumes of acetic acid consumption in 2020 were China (1.6M tonnes), India (942K tonnes) and Germany (445K tonnes), with a combined 44% share of global consumption. These countries were followed by the U.S., Taiwan (Chinese), Japan, Mexico, Russia, the UK, Brazil, France, Turkey and Iran, which together accounted for a further 32%.
What are the largest producers of acetic acid in the world?
+
The countries with the highest volumes of acetic acid production in 2020 were China (2M tonnes), the U.S. (1.2M tonnes) and the UK (466K tonnes), with a combined 57% share of global production. Malaysia, Taiwan (Chinese), South Korea, Japan, Russia, Saudi Arabia, Iran, France and Serbia lagged somewhat behind, together comprising a further 32%.
What are the leading suppliers of acetic acid to India?
+
In value terms, the largest acetic acid suppliers to India were Malaysia ($104M), Singapore ($79M) and China ($53M), together accounting for 71% of total imports. These countries were followed by Taiwan (Chinese), Saudi Arabia, Iran and South Korea, which together accounted for a further 27%.
What are the leading importers of acetic acid from India?
+
In value terms, Bangladesh ($2.8M) remains the key foreign market for acetic acid exports from India, comprising 39% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($419K), with a 6% share of total exports. It was followed by Sri Lanka, with a 4.8% share.
What is the average export price for acetic acid in India?
+
The average acetic acid export price stood at $687 per tonne in 2020, reducing by -3.9% against the previous year.
What is the average import price for acetic acid in India?
+
The average acetic acid import price stood at $349 per tonne in 2020, declining by -22.9% against the previous year.

Product coverage:
• Prodcom 20143271 - Acetic acid

This report provides an in-depth analysis of the acetic acid 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
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
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
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
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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