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Acetic acid and other saturated acids: top exporters and importers (2024)

In 2024, world trade in acetic acid and other saturated acids totaled $15.8 billion (13.5 million tonnes). The top exporters were China (22%), the United States (13%) and Germany (8%); the top importers were India (9%), Germany (7%) and the United States (7%). Compared with 2019, the value rose 16%.

Summary

World trade
$15.8billion
Tonnes
13.5million tonnes
Price per tonne
$1,165
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$3.4 billion · 21.8%
  2. United States$2 billion · 12.6%
  3. Germany$1.3 billion · 8%
  4. Malaysia$1 billion · 6.6%
  5. Belgium$957 million · 6.1%
    re-exports
  6. Netherlands$844 million · 5.4%
    re-exports
  7. Indonesia$829 million · 5.3%
  8. Singapore$702 million · 4.5%
    re-exports
  9. India$667 million · 4.2%
  10. United Kingdom$517 million · 3.3%
  11. Taiwan$391 million · 2.5%
  12. Japan$333 million · 2.1%
  13. Saudi Arabia$332 million · 2.1%
  14. Mexico$298 million · 1.9%
  15. France$280 million · 1.8%
  16. South Korea$279 million · 1.8%
  17. Sweden$266 million · 1.7%
  18. Italy$199 million · 1.3%
  19. Spain$188 million · 1.2%
  20. Switzerland$147 million · 0.93%

Top importers

  1. India$1.3 billion · 8.6%
  2. Germany$1.1 billion · 7%
  3. United States$1.1 billion · 6.7%
  4. Belgium$1 billion · 6.4%
    re-exports
  5. Netherlands$952 million · 6%
    re-exports
  6. China$783 million · 5%
  7. Singapore$569 million · 3.6%
    re-exports
  8. Italy$568 million · 3.6%
  9. Japan$521 million · 3.3%
  10. Spain$483 million · 3.1%
  11. South Korea$463 million · 2.9%
  12. Mexico$455 million · 2.9%
  13. France$445 million · 2.8%
  14. Turkey$430 million · 2.7%
  15. Brazil$405 million · 2.6%
  16. Indonesia$383 million · 2.4%
  17. United Kingdom$340 million · 2.2%
  18. Thailand$305 million · 1.9%
  19. Malaysia$280 million · 1.8%
  20. Vietnam$270 million · 1.7%

Trend

Who sells it

China has been the top exporter since 2016

Value in USD billions. The five largest exporters in 2024.

  • China 3.4
  • United States 2
  • Germany 1.3
  • Malaysia 1
  • Belgium 0.96

Source: CEPII BACI

Show the numbers
Country19952024
China0.063.4
United States1.22
Germany0.781.3
Malaysia0.111
Belgium0.280.96

Price

Implied price

The price per tonne stayed close to $1,165 since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,165

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,156
1996$978
1997$887
1998$797
1999$727
2000$734
2001$721
2002$664
2003$758
2004$817
2005$897
2006$915
2007$1,125
2008$1,288
2009$1,025
2010$1,098
2011$1,314
2012$1,211
2013$1,188
2014$1,267
2015$1,111
2016$1,005
2017$1,081
2018$1,233
2019$1,114
2020$1,005
2021$1,514
2022$1,669
2023$1,261
2024$1,165

What it includes

  • 2915 · Acetic acid and other saturated acids

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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