China
Singapore
India
Netherlands
Germany
Vietnam
Indonesia
Japan
Turkey
Thailand
Nigeria
BelgiumQ1 2025
In Q1 2025, the Ethyl Acetate market will witness further price reductions across exporting countries. China’s (FOB) prices will see a decline of 1.70%, dropping to USD 736/MT, mainly driven by lower demand from downstream sectors like automotive coatings and consumer goods manufacturing, both of which typically slow down post-New Year. This decline is also attributed to reduced production due to seasonal maintenance shutdowns and lower freight costs, which limit the impact of rising production. Similarly, Singapore (FOB) will see a significant drop of 5.11%, driven by sluggish demand from its key CIF markets such as Indonesia and Thailand, where local manufacturing overcapacity and soft demand in sectors like automotive and coatings are factors. For Germany (FD), prices will decline by 4.11%, largely due to weak demand from the European automotive sector and reduced consumption from the downstream chemical industry. This is compounded by growing concerns around economic uncertainty in Europe. Belgium (FD) will also experience a 4.13% price decline, which mirrors the trends seen in Germany, where a reduction in industrial activity and soft consumer demand contribute to the downward pressure on prices. For CIF markets, demand from Vietnam, Thailand, Indonesia, Japan, and Turkey will remain subdued, with Vietnam and Thailand specifically showing weaker import activities due to local overstocking and slowed manufacturing, especially in the packaging and coating industries. The combined result of these factors will contribute to the overall price decline in Q1 2025.
Q4 2024
In Q4 2024, Ethyl Acetate prices from China (FOB) will fall by 3.62% to USD 748/MT. The drop in prices is primarily due to continued soft demand from Thailand and Vietnam, coupled with a slowdown in the automotive and construction sectors, which are the main consumers of this solvent. The reduction in demand has led to lower procurement and stockpiling, with production in these countries also being influenced by the seasonal decrease in industrial activity. For Singapore (FOB), the price will stabilize with a slight decline of 0.98%, reflecting reduced import demand from Thailand and Indonesia, despite steady downstream consumption in key industries. Germany (FD) will experience a 5.10% decline, with weaker demand from European industries, particularly the automotive and coatings sectors, which are dealing with a slowdown in production due to global supply chain challenges and rising energy costs. Belgium (FD) will follow suit with a 5.23% decrease in prices, driven by lower-than-expected demand in the EU region and a continuing weak market sentiment in its major downstream sectors. The CIF markets, including Indonesia and Thailand, will show less import activity, as local production surpluses and increasing competition from alternative suppliers drive down demand. Vietnam will continue to reduce its import volumes due to logistical challenges and local supply chain issues. Overall, Q4 2024 will experience a slowdown in prices and demand, influenced by seasonal trends and macroeconomic factors.
Q3 2024
In Q3 2024, Ethyl Acetate prices from China (FOB) will drop by 3.53%, marking a continued downward trend in the market. The decline is mainly attributed to seasonal factors, as the summer months traditionally see a slowdown in production activities across key industries like automotive, construction, and coatings. The reduction in demand from Thailand, Indonesia, and Turkey will exacerbate the price dip, as these countries experience a temporary lull in their industrial activities. For Singapore (FOB), prices will fall by 4.48%, driven by reduced demand from Indonesia and Thailand, where slower production in local manufacturing industries impacts Ethyl Acetate imports. Similarly, Germany (FD) will experience a significant 12.68% price drop, reflecting weak demand from the European automotive and coatings industries, both of which are suffering from reduced output in the face of ongoing global economic uncertainties and high energy costs. Belgium (FD) will mirror Germany’s decline with a 12.92% drop, driven by a combination of weak domestic demand and softer regional manufacturing activities. The CIF markets, particularly Thailand and Indonesia, will experience a continued decrease in imports, as local overproduction and cost pressures push businesses to adjust their procurement strategies. Vietnam will also witness lower demand, as domestic manufacturing adjusts to slower market growth. Overall, Q3 2024 will be marked by continued price pressure and reduced demand due to both seasonal factors and global economic concerns.
Q2 2024
In Q2 2024, Ethyl Acetate prices from China (FOB) will decline sharply by 5.34%, driven by weakening demand from downstream industries such as coatings, automotive, and construction. The reduction in demand is mainly attributed to slower consumption in Southeast Asian markets, particularly Vietnam and Thailand, due to economic cooling and logistical issues. The lower demand is compounded by feedstock price reductions, including ethanol, which leads to lower production costs for manufacturers and contributes to the price decline. Similarly, Singapore (FOB) will see a significant decrease of 10.24%, with reduced imports from Indonesia and Thailand, where demand from the automotive and manufacturing sectors has dropped significantly. Overcapacity in the Southeast Asian region, especially in Indonesia, also plays a role in the price decline. On the FD side, Germany will experience a price increase of 5.68%, driven by strong demand in the European chemical and automotive sectors, which are recovering post-pandemic. This price increase reflects robust consumption within the EU, particularly in countries like France and Italy. Belgium will also see a price rise of 5.82%, driven by stable demand across its industrial base. For the CIF markets, Indonesia and Thailand will experience reduced imports due to local overstocking and soft demand, especially in the automotive and coatings sectors. While Vietnam shows some strength in imports, the overall market will be affected by slower-than-expected consumption growth in the region. Q2 2024 will witness a sharp divergence in prices, with East Asian markets underperforming and European markets showing resilience.
Q1 2024
In Q1 2024, Ethyl Acetate prices from China (FOB) will fall by 4.22% to USD 850/MT. This decline is largely due to a seasonal reduction in demand from downstream industries such as automotive coatings, which typically see lower consumption after the holidays. The price decrease is further compounded by reduced procurement activity in Thailand, Vietnam, and Indonesia, which continue to face logistical challenges and soft demand in key sectors. For Singapore (FOB), the price will decrease by 3.83%, driven by reduced consumption from its CIF markets, particularly Thailand and Indonesia, where slower manufacturing output has led to lower imports. On the FD side, Germany will experience a 6.50% increase, reflecting strong demand from the European automotive sector, which continues to recover post-pandemic. This demand increase is also driven by the re-establishment of supply chains and stronger industrial activity across the EU. Belgium will follow a similar trend, with a 6.58% price increase, supported by continued growth in the coatings and chemical industries in Europe. For the CIF markets, Indonesia and Thailand are expected to see weaker import volumes, as domestic production surpluses reduce the need for imports. Vietnam, on the other hand, will show stronger demand for imports, as it sees an uptick in manufacturing activity. Overall, Q1 2024 will see a mixed market, with price increases in Germany and Belgium, while China and Singapore face a price decline due to reduced demand in key exporting regions.
Q1 2025
In Q1 2025, the Ethyl Acetate market experienced a significant decline of 5.94% in the India (FOB) price, bringing it down to INR 838/MT compared to Q4 2024. The Ex-Bharuch price saw a similar trend, dropping 5.62% to INR 758/MT. This dip in prices can be attributed to weakening demand from the downstream industries, particularly the paints and coatings sector, which faces seasonal slack due to the off-peak construction activities in India. The feedstock, Ethanol, saw a decrease in costs during this period due to lower agricultural output affecting the production of ethanol. Additionally, the supply chain in India remained relatively stable, but domestic consumption saw a reduction due to high inventory levels carried over from Q4 2024. Nigeria, being the primary importer, also scaled down its purchases as demand softened, potentially influenced by a slower pace in industrial growth.
Q4 2024
The Q4 2024 prices for India (FOB) and Ex-Bharuch showed a decline of 2.02% and 1.16%, respectively, compared to Q3 2024. India’s FOB price decreased to INR 890/MT, while Ex-Bharuch prices fell to INR 803/MT. The reduction in prices was mainly driven by a marginal drop in feedstock costs, with the ethanol price correcting slightly. There was an oversupply of Ethyl Acetate in the market as several producers ramped up production earlier in the year, anticipating higher demand. The downstream industries in India, particularly food and beverages, saw a mild growth in demand, though the overall industrial output remained sluggish. Nigeria, still the largest importer of Ethyl Acetate from India, was impacted by global economic conditions and fluctuating oil prices, which influenced their industrial consumption and purchase volumes, slightly reducing imports.
Q3 2024
Q3 2024 witnessed a 3.49% decrease in India’s FOB price to INR 909/MT and a 4.94% decline in Ex-Bharuch to INR 813/MT. This decline can be attributed to reduced demand from the automotive and chemical sectors during the monsoon season, which impacted the consumption of Ethyl Acetate in coatings, adhesives, and other related applications. Upstream, ethanol prices remained stable, but there was a slight tightening of production due to fluctuating agricultural outputs. The Indian market saw excess supply in the wake of previously high production levels, which, combined with the seasonal slowdown, led to a reduction in prices. Nigeria’s demand also weakened, as local industries adjusted to lower consumption in the wake of global economic factors, including oil price instability.
Q2 2024
In Q2 2024, the price of Ethyl Acetate in India (FOB) decreased by 6.06% to INR 942/MT, and Ex-Bharuch prices fell by 4.07% to INR 855/MT. The drop in prices was a result of decreased industrial demand, particularly from the paint and coatings industries, which tend to see weaker consumption during the pre-monsoon period. Feedstock costs, especially for ethanol, showed a slight dip as the ethanol production sector struggled with lower agricultural outputs, driving prices down. The Indian domestic market saw inventory build-up as demand remained muted. For Nigeria, import volumes remained under pressure due to reduced industrial activity, especially in the agricultural and pharmaceutical sectors.
Q1 2024
The Q1 2024 prices for India (FOB) stood at INR 1002/MT, down by 2.10% compared to Q4 2023. Ex-Bharuch prices also saw a significant decline of 10.16%, settling at INR 891/MT. The first quarter traditionally experiences weaker demand, with lower industrial output and post-holiday season sluggishness in downstream sectors like food and beverages, automotive, and coatings. Additionally, feedstock prices for ethanol saw moderate increases during the quarter, contributing to the slight price dip. Nigerian demand remained relatively stable, with a slight pullback due to adjustments in local production levels in response to high inventory levels from the previous year.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Ethyl acetate is a colourless, volatile liquid with a sweet, fruity odour, commonly used as a solvent in various industries such as pharmaceuticals, cosmetics, and manufacturing. Its chemical formula is C4H8O2, and it is widely employed for its excellent ability to dissolve a broad range of substances, making it an essential component in paint removers, adhesives, coatings, and varnishes. Ethyl acetate is also used in the production of artificial flavours, fragrances, and as a cleaning agent in the electronics industry. Due to its low toxicity and rapid evaporation rate, it is favoured in applications requiring quick drying times, ensuring efficiency and high performance in diverse formulations.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Appearance | Colourless clear liquid |
| Purity | 99.9% |
| Density (25 °C) | 0.902 g/mL |
| Boiling Point | 78 °C |
| Freezing Point | -94 °C |
| Vapour Pressure (20 °C) | 99 mm Hg |
| MIR | 0.63 |
| Viscosity (20 °C) | 0.45 mm2/s |
Applications
Ethyl acetate is used mainly as a feedstock/intermediate to make other chemicals including:
Acetic acid, Butyl acetate, Ethanol
Supply Chain Disruptions: The conflict has impacted the supply chains for raw materials and energy sources, causing delays and shortages that drive up production costs for ethyl acetate.
Energy Prices: Increased volatility in oil and gas prices resulting from the conflict has directly affected the production costs of ethyl acetate, as energy is a key input in its manufacturing.
Market Uncertainty: The geopolitical tensions have created uncertainty in global markets, leading to speculative trading and fluctuating prices as companies adjust to the evolving situation.
Export Restrictions: Sanctions and trade restrictions imposed on Russia and Ukraine have further strained supply chains, affecting the availability of key feedstocks and raising prices.
Disruption of Supply Chains: Lockdowns and restrictions led to factory closures and transportation delays, disrupting the supply chains for raw materials and finished products, which affected ethyl acetate availability.
Demand Shifts: The pandemic altered demand dynamics, with increased needs in specific sectors such as pharmaceuticals, sanitizers, and packaging materials, while demand from industries like automotive and textiles declined sharply.
Production Halts: Many manufacturers scaled back or halted production during peak lockdown periods, leading to temporary shortages in the market, which contributed to price volatility.
Economic Uncertainty: The overall economic instability during the pandemic created uncertainty in the market, causing fluctuations in pricing as companies adjusted their production and inventory strategies.
Raw Material Prices: Fluctuations in the prices of raw materials, influenced by the pandemic’s impact on global markets, further affected the production costs of ethyl acetate, leading to price changes.
Trade Wars: Ongoing trade disputes, particularly between major economies like the U.S. and China, created uncertainty in the market. Tariffs on chemicals and raw materials affected production costs and availability, leading to price volatility.
Market Speculation: Heightened geopolitical risks triggered speculative trading behaviour in commodity markets, causing prices to swing as traders react to news and developments.
These events underscore the ethyl acetate market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.
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PriceWatch is your trusted resource for tracking global ethyl acetate price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the ethyl acetate market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence ethyl acetate prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely ethyl acetate market data.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Ethyl acetate is a colourless, volatile liquid with a sweet, fruity odour, commonly used as a solvent in various industries such as pharmaceuticals, cosmetics, and manufacturing. Its chemical formula is C4H8O2, and it is widely employed for its excellent ability to dissolve a broad range of substances, making it an essential component in paint removers, adhesives, coatings, and varnishes. Ethyl acetate is also used in the production of artificial flavours, fragrances, and as a cleaning agent in the electronics industry. Due to its low toxicity and rapid evaporation rate, it is favoured in applications requiring quick drying times, ensuring efficiency and high performance in diverse formulations.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Appearance | Colourless clear liquid |
| Purity | 99.9% |
| Density (25 °C) | 0.902 g/mL |
| Boiling Point | 78 °C |
| Freezing Point | -94 °C |
| Vapour Pressure (20 °C) | 99 mm Hg |
| MIR | 0.63 |
| Viscosity (20 °C) | 0.45 mm2/s |
Applications
Ethyl acetate is used mainly as a feedstock/intermediate to make other chemicals including:
Acetic acid, Butyl acetate, Ethanol
Ethyl Acetate prices are mainly influenced by the cost of raw materials such as ethanol and acetic acid. Energy costs, demand from industries like paints, coatings, adhesives, and food & beverages also play a role. Additionally, global supply chain disruptions, transportation costs, and geopolitical factors can impact pricing.
When Ethyl Acetate is produced locally, prices tend to be more stable and lower due to reduced transportation costs. However, regions relying on imports may experience higher prices due to shipping costs, tariffs, and potential supply chain delays.
Ethyl Acetate prices have fluctuated recently due to changes in raw material costs and supply chain issues. To secure better rates, it is beneficial to negotiate long-term contracts, purchase in bulk, and explore local suppliers to reduce transportation costs.
Supply chain disruptions, such as raw material shortages, transportation delays, or geopolitical instability, can lead to higher prices or supply shortages for Ethyl Acetate.
There may be some seasonal fluctuation based on demand in the paint and coatings industry, but this is usually less significant compared to factors like raw material and energy cost changes.
Long-term price stability is difficult to guarantee due to the volatility of raw material and energy prices. However, securing long-term contracts and monitoring market trends can help manage price fluctuations.
High demand from coatings and adhesives industries can lead to price increases, especially during periods of high production. Lower demand can result in reduced prices.
Environmental regulations aimed at reducing volatile organic compounds (VOC) can increase production costs, leading to higher prices for Ethyl Acetate in certain applications like paints and coatings.
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