The latest report by IMARC, titled "Acetic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of acetic acid prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Acetic Acid Prices December 2023:
- United States: 595 USD/MT
- South Korea: 491 USD/MT (Glacial)
- Belgium: 769 USD/MT (Glacial)
- Saudi Arabia: 389 USD/MT
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The study delves into the factors affecting acetic acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Acetic Acid Price Trend- Q4 2023
In the fourth quarter of 2023, the North American region witnessed a stable supply of Acetic Acid, with plants operating consistently. However, the demand from downstream industries, especially the construction sector, was lackluster, leading to a decline in prices. High inventories further intensified the pressure on prices, compounded by reduced demand from original equipment manufacturers (OEMs) in the residential construction sector. Despite feedstock Methanol prices remaining low and stable natural gas production, the prices of Acetic Acid experienced a downward trend in the USA due to weak demand from the construction industry.
The global acetic acid market size reached US$ 11.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 19.5 Billion, at a projected CAGR of 5.50% during 2023-2032. The Acetic Acid market in the APAC region during Q4 2023 was influenced by several factors. High inventory levels contributed to lower prices, while rising production costs due to increased prices of natural gas and coal added to the market's challenges. Weak demand from downstream industries also led to a decline in prices. Notably, South Korea experienced significant price changes, primarily attributed to the shutdown of LG Chem's Acetic Acid plant in Daesan, resulting in a supply shortage and a subsequent price decrease. The quarter ending price for Acetic Acid (Glacial) FOB Busan in South Korea was USD 496/MT.
In Europe, the Acetic Acid market in Q4 2023 saw stability with consistent imports, but prices remained unchanged compared to the previous quarter. The market was influenced by heavy destocking activities and high inventories, coupled with rising production costs due to increasing natural gas prices. Feedstock Acetic Acid prices also increased, further impacting the market. Despite stability in Belgium's market due to consistent contract prices of Feedstock Methanol, prices declined compared to the same quarter of the previous year. The quarter ending price of Acetic Acid (Glacial) FD Antwerp in Belgium was USD 774/MT.
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Key Points Covered in the Acetic Acid Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Acetic Acid Prices
- Acetic Acid Price Trend
- Acetic Acid Demand & Supply
- Acetic Acid Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Acetic Acid Price Analysis
- Acetic Acid Industry Drivers, Restraints, and Opportunities
- Acetic Acid News and Recent developments
- Global Event Analysis
- List of Key Player
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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