Overview of the Global Market for Salts Of Acetic Acid

Market Size for Salts Of Acetic Acid

The global salts of acetic acid market declined modestly to $X in 2023, waning 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 throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Salts Of Acetic Acid

In value terms, salts of acetic acid production declined 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 relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X%. Global production peaked at $X in 2022, and then fell slightly in the following year.

Exports of Salts Of Acetic Acid

Exports

In 2023, the amount of salts of acetic acid exported worldwide contracted to X tons, approximately equating the previous year. Overall, total exports indicated noticeable growth from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the global exports remained at a somewhat lower figure.

In value terms, salts of acetic acid exports shrank to $X in 2023. Over the period under review, total exports indicated notable growth from 2012 to 2023: its value 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. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports attained the maximum at $X in 2022, and then declined in the following year.

Exports by Country

In 2023, China (X tons) represented the major exporter of salts of acetic acid, comprising X% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%), Germany (X%) and Belgium (X%). The following exporters - the United States (X tons), Canada (X tons), France (X tons), the UK (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total exports.

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 Netherlands ($X), China ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of global exports. Taiwan (Chinese), the United States, the UK, Belgium, India, Canada and France lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded 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

In 2023, the average salts of acetic acid export price amounted to $X per ton, falling by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The global export price peaked at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: 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, the amount of salts of acetic acid imported worldwide reached X tons, stabilizing at 2022. 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, salts of acetic acid imports contracted to $X in 2023. Over the period under review, total imports indicated measured 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. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum at $X in 2022, and then contracted in the following year.

Imports by Country

Malaysia (X tons) and the United States (X tons) represented roughly X% of total imports in 2023. Germany (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%). The following importers - Spain (X tons), Russia (X tons), France (X tons), Italy (X tons), the Netherlands (X tons), South Korea (X tons), Belgium (X tons), China (X tons) and Canada (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases 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 comprising X% of global imports.

Malaysia, with a CAGR of X%, saw the highest growth rate of 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, reducing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Malaysia ($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 Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform