Product intelligence · HS 291560 · 2024 data

Acids: saturated acyclic monocarboxylic acids: butanoic acids, pentanoic acids, their salts and esters

Global exports of acids: saturated acyclic monocarboxylic acids: butanoic acids, pentanoic acids, their salts and esters totalled $699,483,238 in 2024, a +7.6% change from the previous year. Traded by 102 countries across 1,816 bilateral corridors, with demand from 172 importing markets. The long-term trend is stable.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$699.5M

+7.6% YoY

3Y / 5Y CAGR

-2.1%

5Y: +4.3%

Supply structure

Diversified

HHI 0.143

Volatility

Low

Score 10/100

1.

Market movement

In 2024, acids: saturated acyclic monocarboxylic acids: butanoic acids, pentanoic acids, their salts and esters trade exhibited strong growth, with global flows reaching $699,483,238 and a three-year compound annual growth rate of -2.1% (five-year: +4.3%). The all-time peak of $826,852,638 was recorded in 2022; the current level is 15% below that high-water mark.

Over the 30-year observation window (19952024), 79% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-3.8% acceleration).

The World Trade Flows Characterization classifies acids: saturated acyclic monocarboxylic acids: butanoic acids, pentanoic acids, their salts and esters as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is diversified (Herfindahl-Hirschman Index 0.143). The three largest exporters — United States ($170.9M), China ($169.5M), and Belgium ($53.6M) — collectively dominate supply flows. The leading exporter has grown at -4.0% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.042). The three largest import markets are India ($69.6M), United States ($64.7M), and Netherlands ($47.0M). The largest importing market sources from 29 different supplying countries.

Estimated substitution elasticity: -12.03. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → India at $29.7M, representing 42.6% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for acids: saturated acyclic monocarboxylic acids: butanoic acids, pentanoic acids, their salts and esters is 10 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $826,852,638 in 2022. Currently 15% below peak.

YearGlobal trade (USD)YoY growth
2015$542,588,695-8.5%
2016$499,282,548-8.0%
2017$539,452,395+8.0%
2018$568,046,678+5.3%
2019$565,613,085-0.4%
2020$547,344,444-3.2%
2021$745,332,035+36.2%
2022$826,852,638+10.9%
2023$650,150,351-21.4%
2024$699,483,238+7.6%

Top exporting countries

Ranked by export value of acids: saturated acyclic monocarboxylic acids: butanoic acids, pentanoic acids, their salts and esters in 2024.

View all 102 exporters →

Top importing markets

Largest import destinations for acids: saturated acyclic monocarboxylic acids: butanoic acids, pentanoic acids, their salts and esters.

View all 172 markets →

Leading trade corridors

Largest bilateral export flows for acids: saturated acyclic monocarboxylic acids: butanoic acids, pentanoic acids, their salts and esters, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1ChinaIndia$29.7M+12.4%
2United StatesIndia$27.2M+15.7%
3United StatesSingapore$20.4M-9.2%
4United StatesNetherlands$18.4M-7.2%
5ChinaUnited States$14.8M-3.4%
6United StatesChina$12.5M-11.8%
7ItalyBelgium$12.4M+12.7%
8GermanyUnited States$12.2M-6.6%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.