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 Group, titled "Ethyl Acetate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of ethyl acetate price trend. This report delves into the price of ethyl acetate globally, presenting a detailed analysis, along with informative ethyl acetate price chart. Through comprehensive ethyl acetate price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the ethyl acetate demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
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 rising demand from the paints and coatings industry is driving the global market. The pharmaceutical industry also contributes significantly to market growth, utilizing ethyl acetate as an extraction solvent. Additionally, the food and beverage industry use ethyl acetate as a flavoring agent, further propelling the demand. Feedstock availability and prices, particularly ethanol and acetic acid, play a crucial role in determining production costs and, consequently, market prices. Economic conditions and industrial activities in key regions such as North America, Europe, and Asia-Pacific also influence the market. In North America, the market benefits from strong industrial activities and technological advancements in production processes. In Europe, stringent environmental regulations promote the use of ethyl acetate as a safer alternative to more toxic solvents. In Asia-Pacific, rapid industrialization and urbanization propel demand, especially from the construction sector.
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. In Q1 2024, ethyl acetate prices in North America exhibited fluctuations influenced by a variety of factors. Despite robust demand from sectors such as construction, prices experienced a slight decline due to the interplay of supply and demand dynamics and escalating feedstock costs. The initial part of the quarter saw a 1% price increase, driven by strong demand and higher feedstock prices. However, as the quarter progressed, prices began to trend downward. The positive pricing environment in the USA, marked by a quarter-ending price of USD 1722 per metric ton DEL Chicago, was underpinned by seasonal patterns and significant year-on-year price growth.
The ethyl acetate market in the Asia-Pacific region experienced a consistent decline in prices throughout Q1 2024. This downward trend was primarily driven by weak demand from the construction industry, high inventories, and low import costs from China. In Japan, the market saw a 12% year-on-year price decrease, with a further 9% decline within the quarter. The bearish market sentiment was exacerbated by seasonal fluctuations, with higher prices in the first half of the quarter compared to the second half. The quarter-ending price in Japan was USD 960 per metric ton CFR Osaka. Factors such as increased inventories and weak construction demand have significantly impacted the pricing environment, leading to a consistent decline in prices. These trends are expected to persist, with further price decreases anticipated in the near term as market conditions remain challenging.
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 Trend
- 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
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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