Austria: Salicylic Acid Market 2024

Salicylic Acid Market Size in Austria

In 2021, the Austrian salicylic acid market decreased by -4.4% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption showed a precipitous descent. Salicylic acid consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Salicylic Acid Production in Austria

In value terms, salicylic acid production amounted to $X in 2021 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.7% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 47% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Salicylic Acid Exports

Exports from Austria

In 2021, after two years of growth, there was significant decline in shipments abroad of salicylic acid and its salts, when their volume decreased by -57.9% to X kg. In general, exports saw a sharp slump. The pace of growth was the most pronounced in 2020 when exports increased by 58% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, salicylic acid exports shrank notably to $X in 2021. Overall, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X kg), Croatia (X kg) and Lithuania (X kg) were the main destinations of salicylic acid exports from Austria, with a combined 68% share of total exports. Romania, Greece, Russia, Bulgaria and Germany lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +49.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for salicylic acid exported from Austria were Croatia ($X), Lithuania ($X) and Romania ($X), together accounting for 62% of total exports.

Among the main countries of destination, Lithuania, with a CAGR of +37.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average salicylic acid export price amounted to $X per ton, rising by 23% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 461%. As a result, the export price reached the peak level of $X per ton. From 2019 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 Lithuania ($X per ton), while the average price for exports to Japan ($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 North Macedonia (+133.1%), while the prices for the other major destinations experienced more modest paces of growth.

Salicylic Acid Imports

Imports into Austria

In 2021, salicylic acid imports into Austria dropped notably to X tons, waning by -59.1% on 2020 figures. Overall, imports saw a significant decline. The most prominent rate of growth was recorded in 2018 with an increase of 285%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, salicylic acid imports fell significantly to $X in 2021. In general, imports saw a sharp slump. The pace of growth was the most pronounced in 2018 with an increase of 82%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X kg), Germany (X kg) and Belgium (X kg) were the main suppliers of salicylic acid imports to Austria.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of -5.6%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of salicylic acid and its salts to Austria, comprising 51% of total imports. The second position in the ranking was held by Belgium ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+10.9% per year) and the Netherlands (-19.8% per year).

Import Prices by Country

The average salicylic acid import price stood at $X per ton in 2021, growing by 51% against the previous year. In general, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 79% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :