Overview of the Global Market for Salts Of Acetic Acid

Market Size for Salts Of Acetic Acid

The global salts of acetic acid market skyrocketed to $X in 2023, jumping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Salts Of Acetic Acid

In value terms, salts of acetic acid production shrank modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, global production hit record highs at $X in 2022, and then reduced slightly in the following year.

Exports of Salts Of Acetic Acid

Exports

In 2023, the amount of salts of acetic acid exported worldwide shrank to X tons, approximately reflecting the year before. Over the period under review, total exports indicated a temperate 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, exports 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, the exports reached the peak of X tons. From 2022 to 2023, the growth of the global exports failed to regain momentum.

In value terms, salts of acetic acid exports reduced to $X in 2023. In general, total exports indicated pronounced growth 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. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports hit record highs at $X in 2022, and then reduced in the following year.

Exports by Country

China was the key exporter of salts of acetic acid in the world, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. The Netherlands (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%), Germany (X%) and Belgium (X%). The United States (X tons), Canada (X tons), France (X tons), the UK (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to salts of acetic acid exports from China stood at X%. At the same time, India (X%), Taiwan (Chinese) (X%), Canada (X%) and Belgium (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 and the Netherlands experienced a relatively flat trend pattern. By contrast, the UK (X%), Germany (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salts of acetic acid supplying countries worldwide were the Netherlands ($X), China ($X) and Germany ($X), with a combined X% share of global exports. Taiwan (Chinese), the United States, the UK, Belgium, India, Canada and France lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the average salts of acetic acid export 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, the average export 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 exporting countries. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while India ($X per ton) was amongst the lowest.

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

Imports of Salts Of Acetic Acid

Imports

In 2023, global imports of salts of acetic acid reached X tons, increasing by X% on the previous year. The total import 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 pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, salts of acetic acid imports shrank to $X in 2023. Over the period under review, total imports indicated a tangible 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 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Global imports peaked at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Malaysia (X tons) and the United States (X tons) represented the key importers of salts of acetic acidin the world, together finishing at near X% of total imports. Germany (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%). Spain (X tons), Russia (X tons), France (X tons), Italy (X tons), Japan (X tons), South Korea (X tons), Belgium (X tons), China (X tons) and Canada (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest salts of acetic acid importing markets worldwide were India ($X), the United States ($X) and Malaysia ($X), together accounting for X% of global imports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 salts of acetic acid import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced remarkably in the following year.

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

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

Source: IndexBox Platform