Propionic acid, also known as propionic acid or methylacetic acid, is a saturated fatty acid with the chemical formula C3H6O2. It is a member of the short-chain carboxylic acids and plays significant roles both in nature and industry, including applications as a food preservative, feed additive, agricultural fungicide, pharmaceuticals, plastic manufacturing, flavoring and solvents, leather treatment, water treatment, among others.
China stands as one of the world's major producers of propionic acid, boasting substantial production capacities. With ongoing advancements in manufacturing processes and capacity expansions, China's propionic acid output has seen steady annual growth, adequately meeting both domestic and international market demands. Customs data indicates that between 2018 and 2024, a cumulative total of 83,900 tons were exported, with a total export value reaching USD 95.315 million. In terms of export volume, 2023 saw the highest figure in the past five years at 23,100 tons, marking a year-on-year increase of 13.9%. From the export value perspective, 2022 topped the chart with USD 28.086 million, representing a significant year-on-year growth of 36.66%. These figures illustrate that the unit price of propionic acid is unstable and prone to fluctuations. Nevertheless, thanks to effective cost control and enhanced production efficiency, Chinese propionic acid exports typically enjoy a price competitive edge over products from other countries, thereby reinforcing their competitiveness in the global market.
Note: Annual Summary
According to customs data, in mid-2023, the primary export destinations for Chinese propionic acid included India, Russia, Brazil, South Korea, Taiwan (China), Thailand, Australia, Colombia, Singapore, and Vietnam. Overall, the Asian market dominated, accounting for 77.92% of the total export volume, with India being the most prominent, making up 60.82% of the total exports. The high demand for food processing, feed production, and agricultural needs in the Asian market makes it a significant destination for Chinese propionic acid. These countries rely on imports to meet their rapidly growing industrial and agricultural production needs.
Note: Market Distributio
Of course, Europe is also a very important export market, especially Eastern and Western Europe, where there is high demand for food-grade and feed-grade propionic acid. These regions have strict requirements for product quality and environmental standards, and Chinese exporters must comply with EU regulations such as REACH. Additionally, large agricultural and livestock markets in Latin America, such as Brazil and Argentina, have significant demand for propionic acid as a feed additive, making them important markets for Chinese propionic acid exports.
Overall, China's propionic acid export market is experiencing growth but also faces challenges such as increasing international competition and changing trade environments. It is necessary to continuously optimize product quality, enhance environmental standards, and adapt to international market regulations to maintain and improve its position in global trade.
It is important to note that propionic acid is somewhat irritating and corrosive, and direct contact can harm human skin and eyes. Proper safety measures should be taken during storage and use, such as wearing protective equipment and ensuring good ventilation. As a chemical, its production and use must also comply with environmental regulations to minimize impact on the environment. For more information on propionic acid trade, refer to the latest industry analysis reports or relevant customs data.
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