Report Update Nov 1, 2024

Australia - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Salicylic Acid Market 2024

Salicylic Acid Market Size in Australia

The Australian salicylic acid market expanded markedly to $X in 2021, growing by 5.1% 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). Over the period under review, consumption saw a relatively flat trend pattern. Salicylic acid consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Salicylic Acid Exports

Exports from Australia

For the fourth consecutive year, Australia recorded growth in overseas shipments of salicylic acid and its salts, which increased by 138% to X tons in 2021. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 413%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, salicylic acid exports surged to $X in 2021. In general, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 138% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

New Caledonia (X tons) was the main destination for salicylic acid exports from Australia, accounting for a 84% share of total exports. Moreover, salicylic acid exports to New Caledonia exceeded the volume sent to the second major destination, New Zealand (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Caledonia totaled +95.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+1.0% per year) and Hong Kong SAR (0.0% per year).

In value terms, New Caledonia ($X) emerged as the key foreign market for salicylic acid and its salts exports from Australia, comprising 78% of total exports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to New Caledonia totaled +47.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+1.8% per year) and Hong Kong SAR (0.0% per year).

Export Prices by Country

In 2021, the average salicylic acid export price amounted to $X per ton, falling by -17.6% against the previous year. Overall, the export price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 109%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+0.8%).

Salicylic Acid Imports

Imports into Australia

In 2021, approx. X tons of salicylic acid and its salts were imported into Australia; waning by -16% against the previous year's figure. Over the period under review, imports recorded a noticeable decrease. The growth pace was the most rapid in 2017 when imports increased by 95% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, salicylic acid imports skyrocketed to $X in 2021. Overall, imports, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), France (X tons) and the United States (X tons) were the main suppliers of salicylic acid imports to Australia, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +2.9%), while imports for the other leaders experienced a decline.

In value terms, the largest salicylic acid suppliers to Australia were China ($X), France ($X) and the United States ($X), with a combined 95% share of total imports.

In terms of the main suppliers, China, with a CAGR of +10.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average salicylic acid import price stood at $X per ton in 2021, growing by 55% against the previous year. In general, the import price enjoyed a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.0%), 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 salicylic acid and its salts in the world?

India remains the largest salicylic acid consuming country worldwide, comprising approx. 42% of total volume. Moreover, salicylic acid consumption in India exceeded the figures recorded by the second-largest consumer, Spain, sixfold. Mexico ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of salicylic acid and its salts in the world?

China remains the largest salicylic acid producing country worldwide, accounting for 86% of total volume. Moreover, salicylic acid production in China exceeded the figures recorded by the second-largest producer, Spain, tenfold.

What are the leading suppliers of salicylic acid and its salts to Australia?

In value terms, the largest salicylic acid suppliers to Australia were China and France.

What are the leading importers of salicylic acid and its salts from Australia?

In value terms, New Zealand remains the key foreign market for salicylic acid exports from Australia.

What is the average export price for salicylic acid and its salts in Australia?

In 2020, the average salicylic acid export price amounted to $6,832 per ton, reducing by -29.6% against the previous year.

What is the average import price for salicylic acid and its salts in Australia?

The average salicylic acid import price stood at $5,166 per ton in 2020, increasing by 7.6% against the previous year.

This report provides an in-depth analysis of the salicylic 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 21101030 - Salicylic acid and its salts

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