U.S. - Carboxylic Acid With Alcohol, Phenol, Aldehyde Or Ketone Functions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCarboxylic Acid Price in the United States - 2023
Contents:
- Carboxylic Acid Price in the United States (CIF) - 2023
- Carboxylic Acid Price in the United States (FOB) - 2023
- Carboxylic Acid Imports in the United States
- Carboxylic Acid Exports in the United States
Carboxylic Acid Price in the United States (CIF) - 2023
In August 2023, the average carboxylic acid import price amounted to $6,446 per ton, falling by -7.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in June 2023 when the average import price increased by 18% against the previous month. Over the period under review, average import prices hit record highs at $6,941 per ton in July 2023, and then shrank in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($15,811 per ton), while the price for Belgium ($2,993 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Carboxylic Acid Price in the United States (FOB) - 2023
In August 2023, the average carboxylic acid export price amounted to $4,802 per ton, declining by -22.5% against the previous month. Over the period under review, the export price recorded a mild curtailment. The pace of growth appeared the most rapid in October 2022 an increase of 21% m-o-m. Over the period under review, the average export prices reached the maximum at $6,735 per ton in April 2023; however, from May 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Austria ($22,682 per ton), while the average price for exports to Colombia ($2,198 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Carboxylic Acid Imports in the United States
After three years of growth, supplies from abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions decreased by -8.4% to 151K tons in 2022. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of 165K tons, and then shrank in the following year.
In value terms, carboxylic acid imports dropped to $763M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of $838M, and then contracted in the following year.
| Import of Carboxylic Acid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 202 | 190 | 288 | 286 | 12.3% |
| India | 182 | 151 | 165 | 193 | 2.0% |
| Japan | 42.5 | 43.3 | 46.8 | 32.8 | -8.3% |
| United Kingdom | 41.8 | 47.2 | 47.2 | 31.0 | -9.5% |
| Switzerland | 36.7 | 27.4 | 44.0 | 30.2 | -6.3% |
| South Korea | 37.9 | 30.4 | 36.2 | 30.1 | -7.4% |
| Italy | 38.8 | 37.9 | 31.2 | 27.0 | -11.4% |
| France | 31.1 | 26.0 | 30.3 | 25.6 | -6.3% |
| Spain | 22.3 | 23.5 | 25.5 | 20.0 | -3.6% |
| Taiwan (Chinese) | 21.8 | 16.2 | 29.4 | 18.0 | -6.2% |
| Netherlands | 15.5 | 14.6 | 16.0 | 13.2 | -5.2% |
| Belgium | 6.0 | 10.4 | 11.9 | 11.8 | 25.3% |
| Thailand | 2.4 | 3.2 | 7.4 | 4.9 | 26.9% |
| Others | 76.9 | 67.6 | 58.8 | 39.3 | -20.0% |
| Total | 757 | 688 | 838 | 763 | 0.3% |
Top Suppliers of Carboxylic Acid to the United States in 2022:
- China (54.2K tons)
- India (26.5K tons)
- France (14.7K tons)
- South Korea (7.7K tons)
- Japan (6.2K tons)
- Italy (6.1K tons)
- Belgium (5.5K tons)
- Spain (4.7K tons)
- Netherlands (4.2K tons)
- Taiwan (Chinese) (4.0K tons)
- Thailand (3.9K tons)
- United Kingdom (3.1K tons)
- Switzerland (2.7K tons)
Carboxylic Acid Exports in the United States
In 2022, after two years of decline, there was growth in overseas shipments of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, when their volume increased by 1.2% to 67K tons. Overall, exports, however, saw a abrupt curtailment.
In value terms, carboxylic acid exports dropped slightly to $312M in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 5.9%. As a result, the exports attained the peak of $321M, and then contracted slightly in the following year.
| Export of Carboxylic Acid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 45.3 | 51.9 | 52.2 | 54.4 | 6.3% |
| Italy | 15.3 | 18.0 | 20.6 | 30.6 | 26.0% |
| Mexico | 21.4 | 20.3 | 22.5 | 25.3 | 5.7% |
| France | 20.6 | 13.4 | 17.7 | 18.8 | -3.0% |
| Brazil | 30.5 | 21.6 | 24.9 | 17.9 | -16.3% |
| Germany | 18.9 | 17.0 | 21.7 | 17.7 | -2.2% |
| Japan | 16.9 | 14.5 | 18.8 | 17.0 | 0.2% |
| Belgium | 28.9 | 26.6 | 19.7 | 16.3 | -17.4% |
| India | 8.8 | 12.6 | 9.7 | 16.0 | 22.1% |
| China | 14.7 | 13.6 | 14.5 | 13.4 | -3.0% |
| Netherlands | 13.0 | 11.3 | 9.8 | 11.9 | -2.9% |
| Colombia | 5.9 | 7.8 | 11.1 | 8.4 | 12.5% |
| South Korea | 7.9 | 8.7 | 9.9 | 7.7 | -0.9% |
| Others | 71.4 | 65.5 | 67.7 | 56.5 | -7.5% |
| Total | 319 | 303 | 321 | 312 | -0.7% |
Top Export Markets for Carboxylic Acid from the United States in 2022:
- Canada (15.2K tons)
- Mexico (6.4K tons)
- Belgium (5.6K tons)
- Italy (5.4K tons)
- Brazil (4.4K tons)
- Netherlands (3.8K tons)
- Japan (3.6K tons)
- Colombia (2.5K tons)
- France (2.1K tons)
- China (2.1K tons)
- Germany (2.0K tons)
- India (1.9K tons)
- South Korea (1.6K tons)
This report provides an in-depth analysis of the carboxylic acid market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143475 - Carboxylic acid with alcohol, phenol, aldehyde or ketone functions
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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