Global Carboxylic Acid Market 2024

Carboxylic Acid Market Size

The global carboxylic acid market expanded rapidly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Carboxylic Acid Production

In value terms, carboxylic acid production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, global production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Carboxylic Acid Exports

Exports

For the third year in a row, the global market recorded growth in shipments abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, which increased by X% to X tons in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, carboxylic acid exports surged to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Singapore (X tons) and Thailand (X tons), together constituting a X% share of total exports. France (X tons), Germany (X tons), the United States (X tons), South Korea (X tons), Spain (X tons), Japan (X tons), Switzerland (X tons), Belgium (X tons), Italy (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to carboxylic acid exports from China stood at X%. At the same time, Singapore (X%), Spain (X%), India (X%), Belgium (X%), Japan (X%), South Korea (X%), France (X%), Switzerland (X%) and Germany (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Thailand and Italy experienced a relatively flat trend pattern. By contrast, the United States (X%) illustrated a downward trend over the same period. Singapore (X p.p.), China (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the global exports, while Italy, Germany, Thailand and the United States saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest carboxylic acid supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Singapore ($X), with a X% share of global exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average carboxylic acid export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Carboxylic Acid Imports

Imports

For the third consecutive year, the global market recorded growth in supplies from abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, which increased by X% to X tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, carboxylic acid imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), followed by the United Arab Emirates (X tons), India (X tons), Germany (X tons), Singapore (X tons) and Japan (X tons) represented the largest importers of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, together mixing up X% of total imports. Brazil (X tons), Spain (X tons), Belgium (X tons), China (X tons), South Korea (X tons), France (X tons) and Russia (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported carboxylic acid with alcohol, phenol, aldehyde or ketone functions worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Singapore (X% per year).

Import Prices by Country

The average carboxylic acid import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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