Global Acetic Anhydride Market 2024

Acetic Anhydride Market Size

After two years of growth, the global acetic anhydride market decreased by X% to $X in 2023. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Acetic Anhydride Production

In value terms, acetic anhydride production expanded modestly to $X in 2023 estimated in export price. Overall, production, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, global production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Acetic Anhydride Exports

Exports

Global acetic anhydride exports reduced to X tons in 2023, with a decrease of X% compared with 2022 figures. In general, exports showed a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the global exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, acetic anhydride exports fell markedly to $X in 2023. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

In 2023, Belgium (X tons) represented the largest exporter of acetic anhydride, comprising X% of total exports. It was distantly followed by the United States (X tons), India (X tons), the Netherlands (X tons), Saudi Arabia (X tons) and China (X tons), together achieving a X% share of total exports. Switzerland (X tons) followed a long way behind the leaders.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of acetic anhydride. At the same time, India (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. The United States experienced a relatively flat trend pattern. By contrast, Switzerland (X%), China (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. India (X p.p.), the Netherlands (X p.p.), Belgium (X p.p.) and the United States (X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest acetic anhydride supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the United States ($X), with a X% share of global exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Belgium totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the average acetic anhydride export price amounted to $X per ton, dropping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Switzerland ($X per ton) was amongst the lowest.

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

Acetic Anhydride Imports

Imports

In 2023, approx. X tons of acetic anhydride were imported worldwide; reducing by X% on the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. Global imports peaked at X tons in 2022, and then declined in the following year.

In value terms, acetic anhydride imports contracted remarkably to $X in 2023. Over the period under review, total imports indicated a mild expansion from 2012 to 2023: its value 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2023, Belgium (X tons) represented the largest importer of acetic anhydride, achieving X% of total imports. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by the Netherlands (X%), the United States (X%) and Switzerland (X%). India (X tons), South Korea (X tons), France (X tons), Spain (X tons), Norway (X tons), Italy (X tons) and Brazil (X tons) held a relatively small share of total imports.

Imports into Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%), Spain (X%), Norway (X%), Switzerland (X%), South Korea (X%), Brazil (X%) and Germany (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. The United States and the Netherlands experienced a relatively flat trend pattern. By contrast, Italy (X%) and France (X%) illustrated a downward trend over the same period. Belgium (X p.p.), India (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the global imports, while France saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of global imports. Switzerland, the United States, South Korea, India, France, Norway, Spain, Italy and Brazil lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average acetic anhydride import price amounted to $X per ton, dropping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform