The United States leads in the global export share of acetic acid, closely followed by China and Belgium. Significant contributors also include Malaysia and South Korea. Recent trends show a slight decline in the US share, contrasted by moderate growth in China and emerging countries like Saudi Arabia and Portugal. Notably, countries like Egypt, South Africa, and Mexico experienced declines, while smaller countries like Barbados and Morocco have shown remarkable gains. The five-year CAGR indicates a shifting balance, with new entrants and smaller countries slowly gaining market share.
Future trends to watch include:
- Possible growth in Saudi Arabia's exports as they diversify their economy.
- China's efforts to expand and optimize its chemical production capabilities, potentially increasing its share.
- Monitoring the impact of fluctuating global market dynamics on smaller exporters.
Top countries in Export of Acetic Acid Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 22.89 | 2023 | +0.57% | -0.6% | View data |
| 2 | 2 China | 22.14 | 2023 | +5.4% | +2.12% | View data |
| 3 | 3 Belgium | 21.56 | 2023 | +2.17% | +0.74% | View data |
| 4 | 4 Malaysia | 13.37 | 2023 | +3.26% | +0.36% | View data |
| 5 | 5 South Korea | 5.95 | 2023 | +3.74% | +2.3% | View data |
| 6 | 6 Serbia | 3.22 | 2023 | +4.57% | +2.26% | View data |
| 7 | 7 Saudi Arabia | 1.65 | 2023 | +4.91% | +6.43% | View data |
| 8 | 8 Germany | 1.27 | 2023 | +2.94% | +2.41% | View data |
| 9 | 9 Russia | 0.74 | 2023 | -0.98% | -1.54% | View data |
| 10 | 10 India | 0.67 | 2023 | +2.85% | +0.57% | View data |
