Product intelligence · HS 291590 · 2024 data

Acids: saturated acyclic monocarboxylic acids: anhydrides, halides, peroxides, peroxyacids and halogenated, sulphonated, nitrated or nitrosated derivatives, n.e.c. in heading no. 2915

Global exports of acids: saturated acyclic monocarboxylic acids: anhydrides, halides, peroxides, peroxyacids and halogenated, sulphonated, nitrated or nitrosated derivatives, n.e.c. in heading no. 2915 totalled $3,651,402,066 in 2024, a +4.5% change from the previous year. Traded by 113 countries across 2,861 bilateral corridors, with demand from 187 importing markets. The long-term trend is declining.

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

Global trade

$3.7B

+4.5% YoY

3Y / 5Y CAGR

-6.3%

5Y: +5.5%

Supply structure

Diversified

HHI 0.082

Volatility

Low

Score 15/100

1.

Market movement

In 2024, acids: saturated acyclic monocarboxylic acids: anhydrides, halides, peroxides, peroxyacids and halogenated, sulphonated, nitrated or nitrosated derivatives, n.e.c. in heading no. 2915 trade exhibited modest growth, with global flows reaching $3,651,402,066 and a three-year compound annual growth rate of -6.3% (five-year: +5.5%). The all-time peak of $4,801,853,376 was recorded in 2022; the current level is 24% below that high-water mark.

Over the 30-year observation window (19952024), 72% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-9.5% acceleration).

The World Trade Flows Characterization classifies acids: saturated acyclic monocarboxylic acids: anhydrides, halides, peroxides, peroxyacids and halogenated, sulphonated, nitrated or nitrosated derivatives, n.e.c. in heading no. 2915 as "One-way trade" in the low 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 0.082). The three largest exporters — Indonesia ($527.4M), Germany ($451.4M), and Malaysia ($441.4M) — collectively dominate supply flows. The leading exporter has grown at -10.0% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.062). The three largest import markets are China ($483.7M), Netherlands ($393.7M), and United States ($380.4M). The largest importing market sources from 40 different supplying countries.

Estimated substitution elasticity: -5.94. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Indonesia → Netherlands at $220.5M, representing 56.0% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for acids: saturated acyclic monocarboxylic acids: anhydrides, halides, peroxides, peroxyacids and halogenated, sulphonated, nitrated or nitrosated derivatives, n.e.c. in heading no. 2915 is 15 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, modest but steady demand provides a reasonable entry window. 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: $4,801,853,376 in 2022. Currently 24% below peak.

YearGlobal trade (USD)YoY growth
2015$2,526,602,473-4.5%
2016$2,538,390,096+0.5%
2017$2,764,792,410+8.9%
2018$2,942,989,938+6.4%
2019$2,792,236,983-5.1%
2020$2,918,059,443+4.5%
2021$4,432,373,541+51.9%
2022$4,801,853,376+8.3%
2023$3,494,027,749-27.2%
2024$3,651,402,066+4.5%

Top exporting countries

Ranked by export value of acids: saturated acyclic monocarboxylic acids: anhydrides, halides, peroxides, peroxyacids and halogenated, sulphonated, nitrated or nitrosated derivatives, n.e.c. in heading no. 2915 in 2024.

View all 113 exporters →

Top importing markets

Largest import destinations for acids: saturated acyclic monocarboxylic acids: anhydrides, halides, peroxides, peroxyacids and halogenated, sulphonated, nitrated or nitrosated derivatives, n.e.c. in heading no. 2915.

View all 187 markets →

Leading trade corridors

Largest bilateral export flows for acids: saturated acyclic monocarboxylic acids: anhydrides, halides, peroxides, peroxyacids and halogenated, sulphonated, nitrated or nitrosated derivatives, n.e.c. in heading no. 2915, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1IndonesiaNetherlands$220.5M+5.4%
2JapanChina$88.2M-0.2%
3MalaysiaChina$87.8M-8.7%
4IndonesiaChina$83.9M+0.1%
5ChinaIndia$77.3M-7.2%
6MalaysiaUnited States$67.4M-46.6%
7GermanyChina$60.2M+0.3%
8United KingdomBelgium$58.5M+18.3%

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.