Global Acetic Anhydride Market 2024

Acetic Anhydride Market Size

In 2023, the global acetic anhydride market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Acetic Anhydride Production

In value terms, acetic anhydride production rose to $X in 2023 estimated in export price. In general, production, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, global production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Acetic Anhydride Exports

Exports

In 2023, global acetic anhydride exports reduced to X tons, which is down by X% against 2022. Over the period under review, exports saw a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the global exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, acetic anhydride exports contracted markedly to $X in 2023. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

In 2023, Belgium (X tons) was the major exporter of acetic anhydride, achieving 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 comprising 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. While the share of India (X p.p.), the Netherlands (X p.p.), Belgium (X p.p.) and the United States (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest acetic anhydride supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by the United States ($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 growth rate of value in Belgium totaled X%. In the other countries, the average annual rates were as follows: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average acetic anhydride export price stood at $X per ton in 2023, which is down by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The global export price peaked at $X per ton in 2022, and then fell in the following year.

Prices varied noticeably by country of origin: 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; falling by X% on the previous year. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Global imports peaked at X tons in 2022, and then shrank in the following year.

In value terms, acetic anhydride imports fell markedly to $X in 2023. Overall, total imports indicated a modest increase 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. Based on 2023 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

Belgium represented the key importer of acetic anhydride in the world, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. Germany (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (X%), the United States (X%) and Switzerland (X%). The following importers - India (X tons), South Korea (X tons), France (X tons), Spain (X tons), Norway (X tons), Italy (X tons) and Brazil (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to acetic anhydride imports into Belgium stood at X%. 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. From 2012 to 2023, the share of Belgium, India and Germany increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest acetic anhydride importing markets worldwide were Belgium ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of global imports. Switzerland, the United States, South Korea, India, France, Norway, Spain, Italy and Brazil lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded 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

The average acetic anhydride import price stood at $X per ton in 2023, which is down by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2022, and then shrank 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