Puerto Rico: Acetic Acid Market 2024

Acetic Acid Market Size in Puerto Rico

The Puerto Rican acetic acid market stood at less than $X in 2021, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern.

Acetic Acid Exports

Exports from Puerto Rico

In 2021, exports of acetic acid from Puerto Rico stood at less than X kg, remaining constant against the previous year's figure. In general, exports saw a relatively flat trend pattern.

In value terms, acetic acid exports stood at less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

China represented the largest exporting country with an export of around X tons, which amounted to 34% of total exports. The United States (X tons) ranks second in terms of the total exports with a 15% share, followed by Belgium (10%), Malaysia (8.1%), the UK (7.1%), Singapore (7%) and Taiwan (Chinese) (5.7%).

From 2012 to 2021, average annual rates of growth with regard to acetic acid exports from China stood at +20.4%. At the same time, Taiwan (Chinese) (+20.8%), Singapore (+6.5%), the UK (+2.4%) and Malaysia (+1.7%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.8% from 2012-2021. By contrast, Belgium (-2.9%) and the United States (-3.7%) illustrated a downward trend over the same period. While the share of China (+25 p.p.) and Taiwan (Chinese) (+4.2 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Malaysia (-1.8 p.p.), Belgium (-8.6 p.p.) and the United States (-15 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest acetic acid supplying countries from Puerto Rico were China ($X), the United States ($X) and Belgium ($X), together accounting for 52% of total exports. These countries were followed by Malaysia, Singapore, Taiwan (Chinese) and the UK, which together accounted for a further 33%.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of +27.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, approximately equating the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.3%), while the other leaders experienced more modest paces of growth.

Acetic Acid Imports

Imports into Puerto Rico

In 2021, acetic acid imports into Puerto Rico totaled less than X kg, remaining constant against the previous year. In general, imports showed a relatively flat trend pattern.

In value terms, acetic acid imports stood at less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, India (X tons) was the main importer of acetic acid, mixing up 32% of total imports. Belgium (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Germany (7.7%) and Mexico (5.3%). Thailand (X tons), Singapore (X tons), Japan (X tons), Brazil (X tons), South Korea (X tons), Turkey (X tons), the Netherlands (X tons), Indonesia (X tons) and Spain (X tons) held a minor share of total imports.

Imports into India increased at an average annual rate of +11.1% from 2012 to 2021. At the same time, Japan (+18.7%), South Korea (+12.6%), Turkey (+12.3%), Singapore (+11.1%), Thailand (+6.5%) and Brazil (+4.6%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in the world, with a CAGR of +18.7% from 2012-2021. Germany, the Netherlands and Belgium experienced a relatively flat trend pattern. By contrast, Mexico (-2.0%), Indonesia (-2.6%) and Spain (-9.0%) illustrated a downward trend over the same period. While the share of India (+14 p.p.), Japan (+2.9 p.p.), Singapore (+1.9 p.p.) and South Korea (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-2.8 p.p.), Spain (-3.5 p.p.), Mexico (-4.1 p.p.) and Belgium (-7.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported acetic acid into Puerto Rico, comprising 27% of global imports. The second position in the ranking was held by Belgium ($X), with an 11% share of global imports. It was followed by Germany, with an 8.4% share.

In India, acetic acid imports increased at an average annual rate of +12.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (-0.5% per year) and Germany (+4.4% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, approximately equating the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :