MERCOSUR: Acetic Acid Market 2024

Acetic Acid Market Size in MERCOSUR

After two years of growth, the MERCOSUR acetic acid market decreased by X% to $X in 2023. The total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2022, and then shrank dramatically in the following year.

Acetic Acid Production in MERCOSUR

In value terms, acetic acid production expanded rapidly to $X in 2023 estimated in export price. The total production indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Acetic Acid Exports

Exports in MERCOSUR

In 2023, acetic acid exports in MERCOSUR skyrocketed to X tons, increasing by X% against 2022. In general, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, acetic acid exports soared to $X in 2023. Over the period under review, exports showed a temperate expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Brazil (X tons) and Colombia (X tons) represented the main exporters of acetic acid in MERCOSUR, together accounting for near X% of total exports. It was distantly followed by Argentina (X tons), achieving a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Argentina (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest acetic acid supplying countries in MERCOSUR were Colombia ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total exports.

Argentina, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, acetic acid export price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2023.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the export price figures.

Acetic Acid Imports

Imports in MERCOSUR

In 2023, supplies from abroad of acetic acid decreased by X% to X tons, falling for the second year in a row after five years of growth. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, acetic acid imports dropped remarkably to $X in 2023. Overall, imports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then dropped notably in the following year.

Imports by Country

Brazil dominates imports structure, recording X tons, which was approx. X% of total imports in 2023. It was distantly followed by Colombia (X tons), mixing up an X% share of total imports. The following importers - Peru (X tons) and Argentina (X tons) - each reached a X% share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of acetic acid. At the same time, Peru (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported acetic acid in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, falling by X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, acetic acid import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform