Overview of the Global Market for Esters Of Acetic Acid (excluding Ethyl Acetate)

Market Size for Esters Of Acetic Acid (excluding Ethyl Acetate)

The global market for esters of acetic acid (excluding ethyl acetate) dropped to $X in 2023, waning by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the global market remained at a lower figure.

Production of Esters Of Acetic Acid (excluding Ethyl Acetate)

In value terms, production of esters of acetic acid (excluding ethyl acetate) stood at $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, global production of growth remained at a somewhat lower figure.

Exports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Exports

Global exports of esters of acetic acid (excluding ethyl acetate) skyrocketed to X tons in 2023, increasing by X% compared with the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons; afterwards, it flattened through to 2023.

In value terms, exports of esters of acetic acid (excluding ethyl acetate) shrank significantly to $X in 2023. Over the period under review, exports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the global exports of remained at a somewhat lower figure.

Exports by Country

China was the largest exporter of esters of acetic acid (excluding ethyl acetate) in the world, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. The United States (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%), Singapore (X%), Taiwan (Chinese) (X%), Saudi Arabia (X%) and Germany (X%).

China was also the fastest-growing in terms of the esters of acetic acid (excluding ethyl acetate) exports, with a CAGR of X% from 2012 to 2023. At the same time, Singapore (X%) and Belgium (X%) displayed positive paces of growth. Germany, the United States and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Singapore (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Taiwan (Chinese) (X p.p.), the United States (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the United States ($X) and Belgium ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of global exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for esters of acetic acid (excluding ethyl acetate) stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The global export price peaked at $X per ton in 2022, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Singapore ($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.

Imports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Imports

In 2023, the amount of esters of acetic acid (excluding ethyl acetate) imported worldwide reached X tons, picking up by X% on 2022 figures. Over the period under review, total imports indicated a pronounced increase from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of global imports of remained at a lower figure.

In value terms, imports of esters of acetic acid (excluding ethyl acetate) contracted notably to $X in 2023. Overall, imports saw tangible growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, global imports of hit record highs at $X in 2022, and then dropped markedly in the following year.

Imports by Country

In 2023, Singapore (X tons), distantly followed by Belgium (X tons), India (X tons), China (X tons) and Germany (X tons) represented the major importers of esters of acetic acid (excluding ethyl acetate), together committing X% of total imports. The following importers - South Korea (X tons), Turkey (X tons), Italy (X tons), the Netherlands (X tons), Spain (X tons), Thailand (X tons), Mexico (X tons) and Indonesia (X tons) - together made up X% of total imports.

Singapore was also the fastest-growing in terms of the esters of acetic acid (excluding ethyl acetate) imports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%), South Korea (X%), Spain (X%), Thailand (X%), Belgium (X%), Turkey (X%), Germany (X%), the Netherlands (X%) and Indonesia (X%) displayed positive paces of growth. China experienced a relatively flat trend pattern. By contrast, Mexico (X%) and Italy (X%) illustrated a downward trend over the same period. Singapore (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the global imports, while Mexico, Italy and China saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest esters of acetic acid (excluding ethyl acetate) importing markets worldwide were Belgium ($X), Singapore ($X) and China ($X), together comprising X% of global imports.

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 import price for esters of acetic acid (excluding ethyl acetate) amounted to $X per ton, which is down by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid 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 shrank markedly in the following year.

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

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

Source: IndexBox Platform