Ethyl Acetate Price in USA
- Unites States: 1734 USD/MT
In December of Q4 2023, ethyl acetate prices in the United States surged to 1734 USD/MT. The US market observed reduced demand from the global market, while natural gas prices remained stable within a certain range.
The latest report by IMARC, titled "Ethyl Acetate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of ethyl acetate 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.
Ethyl Acetate Prices December 2023:
- Unites States: 1734 USD/MT
- Japan: 1013 USD/MT
- Belgium: 1037 USD/MT
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The study delves into the factors affecting ethyl acetate 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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Ethyl Acetate Price Trend- Q4 2023
The Ethyl Acetate market is influenced by feedstock prices and downstream demand in various industries. In the last quarter of 2023, the dynamics of the ethyl acetate market were shaped by a moderate supply and notable inventory levels across major regions, including North America, Asia-Pacific (APAC), and Europe. In North America, the market faced a scenario of heavy destocking, prompted by a combination of rising feedstock acetic acid prices and subdued demand from key downstream sectors such as construction. This sector's demand was particularly affected by high-interest rates, which stood at 5.5%, thereby constraining the purchasing power and investment capabilities of industries reliant on ethyl acetate. Although plant operations remained uninterrupted, the market's stability was tested by these economic pressures.
Ethyl Acetate Market Analysis
The global ethyl acetate market size reached US$ 5.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 10.3 Billion, at a projected CAGR of 6.50% during 2023-2032. The APAC region witnessed a distinct downturn in ethyl acetate prices, marking an 8% decline from the previous quarter. This trend was underpinned by similar challenges faced in North America—destocking activities, a downturn in the construction industry, and elevated inventory levels. Despite these pressures, Japan’s market demonstrated resilience, maintaining stable prices and avoiding significant supply chain disruptions. The lack of plant shutdowns contributed to this stability, ensuring a steady flow of Ethyl Acetate despite the downward pressure on prices. Europe echoed these trend, with stable but depressed prices across the board, driven by high inventory levels and the increased cost of production inputs like natural gas and coal gas. Belgium, however, presented a slight anomaly with a 2% increase in Ethyl Acetate prices, attributable to a complex set of regional market dynamics.
The last quarter of 2023 saw the ethyl acetate market grappling with price pressures across global regions. The factors influencing these trend included high inventory levels, the cost of feedstocks, and fluctuating demand from critical downstream industries such as construction. High-interest rates further compounded the market challenges, reducing the purchasing power and dampening the demand. Despite these adversities, certain regions like Japan and, to some extent, Belgium managed to maintain a degree of market stability.
Browse Full Report: https://www.imarcgroup.com/ethyl-acetate-pricing-report
Key Points Covered in the Ethyl Acetate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Ethyl Acetate Prices
- Ethyl Acetate Price Chart
- Ethyl Acetate Demand & Supply
- Ethyl Acetate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Ethyl Acetate Price Analysis
- Ethyl Acetate Industry Drivers, Restraints, and Opportunities
- Ethyl Acetate News and Recent developments
- Global Event Analysis
- List of Key Players
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
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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