Market for Saturated Acyclic Monocarboxylic Acids in the United States
Market Overview
The U.S. saturated acyclic monocarboxylic acids market rose to $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
In value terms, saturated acyclic monocarboxylic acids production expanded to $ in . The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by %. Saturated acyclic monocarboxylic acids production peaked at $ in 2014; however, from 2015 to , production remained at a lower figure.
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.In value terms, saturated acyclic monocarboxylic acids production expanded to $
in . The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by %. Saturated acyclic monocarboxylic acids production peaked at $ in 2014; however, from 2015 to , production remained at a lower figure.Consumption
In , approx. tons of saturated acyclic monocarboxylic acids were consumed in the United States; remaining constant against figures. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Saturated acyclic monocarboxylic acids consumption peaked at tons in 2019; afterwards, it flattened through to .
The value of the saturated acyclic monocarboxylic acids market in the United States reached $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $ in 2014; however, from 2015 to , consumption remained at a lower figure.
, approx. tons of saturated acyclic monocarboxylic acids were consumed in the United States; remaining constant against figures. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Saturated acyclic monocarboxylic acids consumption peaked at tons in 2019; afterwards, it flattened through to .The value of the saturated acyclic monocarboxylic acids market in the United States reached $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $ in 2014; however, from 2015 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for saturated acyclic monocarboxylic acids in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
The United States remains a net exporter of saturated acyclic monocarboxylic acids; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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