Report Ukraine - Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 3, 2022

Ukraine - Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Ukraine: Acetic Acid Market 2022

Acetic Acid Market Size in Ukraine

In 2021, after two years of decline, there was significant growth in the Ukrainian acetic acid market, when its value increased by 36% to $X. The market value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Acetic Acid Production in Ukraine

In value terms, acetic acid production declined remarkably to $X in 2021 estimated in export price. In general, production recorded a significant decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 7.7%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Acetic Acid Exports

Exports from Ukraine

For the ninth consecutive year, Ukraine recorded decline in shipments abroad of acetic acid, which decreased by 99.9% to X kg in 2021. Overall, exports showed a sharp descent. The smallest decline of -0.8% was in 2016. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, acetic acid exports fell markedly to $X in 2021. In general, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2018 with an increase of 5.3%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cyprus (X kg) was the main destination for acetic acid exports from Ukraine, accounting for a 91% share of total exports. Moreover, acetic acid exports to Cyprus exceeded the volume sent to the second major destination, Malta (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus totaled -51.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (0.0% per year) and Switzerland (-65.0% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for acetic acid exports from Ukraine, comprising 94% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cyprus totaled -50.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-65.2% per year) and Malta (0.0% per year).

Export Prices by Country

The average acetic acid export price stood at $X per ton in 2021, picking up by 35% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acetic acid export price increased by +100.1% against 2012 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Malta ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Acetic Acid Imports

Imports into Ukraine

In 2021, after two years of decline, there was significant growth in supplies from abroad of acetic acid, when their volume increased by 30% to X tons. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 78%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, acetic acid imports soared to $X in 2021. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 91%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Serbia (X tons), China (X tons) and Russia (X tons) were the main suppliers of acetic acid imports to Ukraine, with a combined 80% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +93.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of acetic acid to Ukraine, comprising 48% of total imports. The second position in the ranking was taken by Serbia ($X), with a 15% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +104.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+8.6% per year) and the United States (+50.0% per year).

Import Prices by Country

The average acetic acid import price stood at $X per ton in 2021, rising by 46% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for acetic acid in the world?
+
India constituted the country with the largest volume of acetic acid consumption, comprising approx. 32% of total volume. Moreover, acetic acid consumption in India exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was held by the United States, with a 6.2% share.
What are the largest producers of acetic acid in the world?
+
The countries with the highest volumes of production in 2021 were China, the United States and Malaysia, with a combined 61% share of global production. These countries were followed by the UK, Taiwan Chinese), South Korea, Russia, Singapore, Saudi Arabia, Iran, Japan and Serbia, which together accounted for a further 30%.
What are the leading suppliers of acetic acid to Ukraine?
+
In value terms, China constituted the largest supplier of acetic acid to Ukraine, comprising 48% of total imports. The second position in the ranking was held by Serbia, with a 15% share of total imports. It was followed by the United States, with a 15% share.
What are the leading importers of acetic acid from Ukraine?
+
In value terms, Cyprus $30) emerged as the key foreign market for acetic acid exports from Ukraine, comprising 94% of total exports. The second position in the ranking was taken by Switzerland $1), with a 3.1% share of total exports.
What is the average export price for acetic acid in Ukraine?
+
The average acetic acid export price stood at $970 per ton in 2021, picking up by 35% against the previous year.
What is the average import price for acetic acid in Ukraine?
+
In 2021, the average acetic acid import price amounted to $619 per ton, picking up by 46% against the previous year.

This report provides an in-depth analysis of the acetic acid market in Ukraine. 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 20143271 - Acetic acid
Country coverage:
• Ukraine

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ukraine
• 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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

Finding New Products to Diversify Your Business

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

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

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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
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, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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