Report Update Nov 1, 2024

Australia - O-Acetylsalicylic Acid, Its Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Australia: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in Australia

The Australian o-acetylsalicylic acid market shrank rapidly to $X in 2021, with a decrease of -17.4% 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). In general, consumption recorded a abrupt decrease. O-acetylsalicylic acid consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

O-Acetylsalicylic Acid Exports

Exports from Australia

In 2021, overseas shipments of o-acetylsalicylic acid, its salts and esters were finally on the rise to reach X kg after five years of decline. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 272%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, o-acetylsalicylic acid exports shrank rapidly to $X in 2021. Overall, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 178% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X kg) was the main destination for o-acetylsalicylic acid exports from Australia, with a 89% share of total exports. Moreover, o-acetylsalicylic acid exports to Papua New Guinea exceeded the volume sent to the second major destination, France (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Papua New Guinea was relatively modest.

In value terms, Papua New Guinea ($X) and France ($X) constituted the largest markets for o-acetylsalicylic acid exported from Australia worldwide.

Papua New Guinea, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average o-acetylsalicylic acid export price amounted to $X per ton, reducing by -65.7% against the previous year. Over the period under review, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 48%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Papua New Guinea totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-0.4%).

O-Acetylsalicylic Acid Imports

Imports into Australia

In 2021, the amount of o-acetylsalicylic acid, its salts and esters imported into Australia shrank to X tons, declining by -14.5% on 2020 figures. In general, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 46% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, o-acetylsalicylic acid imports shrank significantly to $X in 2021. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 57% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Thailand (X tons) and France (X tons) were the main suppliers of o-acetylsalicylic acid imports to Australia, together comprising 64% of total imports. Germany, Sweden and the United States lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +19.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest o-acetylsalicylic acid suppliers to Australia were Thailand ($X), China ($X) and France ($X), together accounting for 72% of total imports. These countries were followed by Germany, Sweden and the United States, which together accounted for a further 9.2%.

Among the main suppliers, the United States, with a CAGR of +5.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average o-acetylsalicylic acid import price stood at $X per ton in 2021, reducing by -4.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 14%. As a result, import price reached the peak level of $X per ton, and then contracted modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for o-acetylsalicylic acid, its salts and esters in the world?

The countries with the highest volumes of o-acetylsalicylic acid consumption in 2020 were the United States, China and Russia, together accounting for 36% of global consumption. Thailand, Italy, Germany, South Africa, Kenya, Mexico, Ukraine, Brazil, Argentina and Belarus lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of o-acetylsalicylic acid, its salts and esters in the world?

The countries with the highest volumes of o-acetylsalicylic acid production in 2020 were China, Spain and Thailand, with a combined 96% share of global production. Ecuador lagged somewhat behind, comprising a further 1.6%.

What are the leading suppliers of o-acetylsalicylic acid, its salts and esters to Australia?

In value terms, the largest o-acetylsalicylic acid suppliers to Australia were Thailand, France and China, together comprising 95% of total imports.

What are the leading importers of o-acetylsalicylic acid, its salts and esters from Australia?

In value terms, New Zealand $51) remains the key foreign market for o-acetylsalicylic acid exports from Australia.

What is the average export price for o-acetylsalicylic acid, its salts and esters in Australia?

In 2020, the average o-acetylsalicylic acid export price amounted to $42,741 per ton, with an increase of 1,041% against the previous year.

What is the average import price for o-acetylsalicylic acid, its salts and esters in Australia?

In 2020, the average o-acetylsalicylic acid import price amounted to $7,106 per ton, picking up by 12% against the previous year.

This report provides an in-depth analysis of the o-acetylsalicylic acid market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21101050 - O-acetylsalicylic acid, its salts and esters

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023