Acetic Acid price index

by | Prices Indexes

Acetic Acid price November 2024 and outlook (see chart below)

  • North America:US$0.41/KG, unchanged
  • Europe:US$0.6/KG, -1.6% down
  • Northeast Asia:US$0.41/KG, -10.9% down
  • Southeast Asia:US$0.45/KG, -8.2% down
The chart below summarizes Acetic Acid price trend per region, as well as the outlook. It takes a moment to load.
List of trend indexes
Get Access Now
What is data source

Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, fitness for purpose or timeliness.

Acetic Acid price index

This post is a summary of the acetic acid price developments. The price developments of acetic acid are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Acetic acid price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

The outlook for acetic acid prices, on the second tab, is generated from different inputs including:

  • Very recent price developments of immediate cost drivers of acetic acid prices
  • Recent price developments of underlying feedstocks which drive the price of acetic acid
  • Market futures for both cost drives and feedstocks of acetic acid prices
  • Adjustment of current supply/demand imbalances in the acetic acid market
  • Longer term trends in likely demand conditions

Further information on the Acetic Acid price index

Here is some further information

 

What is Acetic acid

Acetic acid, also known as ethanoic acid, is a colorless liquid with a sharp, pungent smell. It is an organic compound with the chemical formula C2H4O2. Acetic acid is a weak acid that is widely used in a variety of applications.

 

How is Acetic acid produced

Acetic acid can be produced by several methods. One common method involves the fermentation of carbohydrates, such as sugars or starches. Acetic acid can also be produced by the oxidation of ethanol or by the carbonylation of methanol.

 

What is Acetic acid used for

Acetic acid, also known as ethanoic acid, is a colorless liquid that is commonly used in a wide range of applications, including:

Manufacturing

Acetic acid is used as a raw material in the production of chemicals such as vinyl acetate, which is used to make polyvinyl acetate (PVA) and polyvinyl alcohol (PVOH). Acetic acid is also used in the production of cellulose acetate, which is used to make films, fibers, and plastics.

Food and beverages

Acetic acid is a key ingredient in the production of vinegar, which is used as a condiment and food preservative. It is also used as a flavor enhancer in some foods and beverages.

Cleaning

Acetic acid is used as a disinfectant and cleaning agent, particularly in the food industry. It is effective at killing bacteria and breaking down protein-based stains.

Medical

Acetic acid is used in the production of some medical products, including ear drops and topical skin products. It is also used as a diagnostic aid in some medical procedures.

Other

Acetic acid is also used in the production of some personal care products, such as hair dyes and shampoos, and in the oil and gas industry to improve the recovery of crude oil from reservoirs.

 

Further reading

 

Market information about Acetic acid

According to data from MarketsandMarkets, the global acetic acid market was valued at around $10.5 billion in 2020 and is expected to reach a value of $14.2 billion by 2025, at a CAGR of 5.9% during the forecast period.

Acetic acid, also known as ethanoic acid, is a widely used chemical that is produced on a large scale for a variety of applications, including the production of vinegar, plastics, and chemicals. It is a clear, colorless liquid with a pungent, vinegar-like odor and is highly corrosive.

The demand for acetic acid is driven by a number of factors, including its use in the production of a range of chemicals and materials, such as vinyl acetate monomer (VAM), acetic anhydride, and acetate esters. It is also used in the production of food, pharmaceuticals, and personal care products, as well as in the textile, automotive, and construction industries.

The Asia-Pacific region is the largest market for acetic acid, followed by North America and Europe. The increasing demand for acetic acid in the region is driven by the growth of the chemical and construction industries, as well as the increasing use of acetic acid in the production of chemicals and materials.

According to https://oec.world/ :

Acetic acid are the world’s 1507th most traded product.

In 2020, the top exporters of Acetic acid were United States ($364M), China ($149M), Malaysia ($134M), United Kingdom ($131M), and Singapore ($128M).

In 2020, the top importers of Acetic acid were India ($324M), Germany ($166M), Belgium ($164M), Mexico ($132M), and Netherlands ($71.1M).

NEED A QUICK DOWNLOAD?

 

ACCESS TO OUR FULL DATABASE IS US$399/YEAR, WITH A 30-DAY $30 TRIAL

GET THAT DOWNLOAD IN 3 MINUTES!

BusinessAnalytiq provides a database of hundreds of market & price trend data, as well as online tools to set up benchmarks and leading indicators.

Get Access Now
businessanalytiq

Where does the data come from?

  • The source of the data are exclusively public non-confidential sources. We have no access to primary data
  • This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
  • The data is a combination of contract and spot pricing
  • Our algorithms are set up to eliminate significant product mix impact on the reported price
  • We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
  • The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
  • For most indexes we have multiple sources and we focus on using statistically-correlated sources
  • As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
  • We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
  • The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
  • The data is presented in US$. The UOM of measure is shown in the Index list table
  • Our automated software and we do our best to create an accurate representation of the trend

 

Where does the data NOT come from?

  • We do not purchase data from any other source and republish it.
  • We will not purchase data from any other source and republish it
  • We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators

 

What data should our company use?

  • If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
  • Our data, at best, represents an estimate of the market trend based on public information
  • We have no direct access to the market, and we do not interview suppliers and customers
  • Our automated analysis tools in the online software are set up to combine our data with other sources of data
  • We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data

 

What does the quality indication in the main menu mean?

  • Quality level A: Data is from a reliable and confirmed source
  • Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
  • Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
  • Quality level D: Data is from a single credible source, but we cannot verify the data
  • Quality level E: Data is either:
    • From a single source, which we consider reliable, but we cannot verify the data.
    • From 2 or more sources which have some periods of contradicting trends.
  • Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.

 

What are the disclaimers?

  • We assume no responsibility or liability for any errors or omissions in the content of this site.
  • The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
  • By their nature, outlooks are always uncertain

 

How often do we update the data?

  • We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
  • The data for the current month and recent history are fine-tuned over time.

 

What are we doing to improve the data?

  • We are continually improving our data collection and processing methods
  • Pricing data will be updated from time to time as we improve the accuracy
  • We are reviewing all data sources in the first half of 2024.
    • There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
    • The key focus in 2024 is to add many additional indexes

 

How can i give feedback on the data or request for new indexes

  • Feel free to contact us if you have a specific request. You can reach us via the Contact us page