Benelux: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in Benelux

The Benelux o-acetylsalicylic acid market declined notably to $X in 2021, shrinking by -60.9% against the previous year. Over the period under review, consumption continues to indicate a abrupt descent. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

O-Acetylsalicylic Acid Production in Benelux

In value terms, o-acetylsalicylic acid production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2018 with an increase of 12%. Over the period under review, production hit record highs at $X in 2020, and then reduced slightly in the following year.

O-Acetylsalicylic Acid Exports

Exports in Benelux

In 2021, after three years of growth, there was significant decline in overseas shipments of o-acetylsalicylic acid, its salts and esters, when their volume decreased by -62.2% to X tons. Overall, exports, however, showed perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 235%. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, o-acetylsalicylic acid exports declined notably to $X in 2021. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 264% against the previous year. The level of export peaked at $X in 2020, and then fell sharply in the following year.

Exports by Country

The Netherlands represented the main exporter of o-acetylsalicylic acid, its salts and esters in Benelux, with the volume of exports recording X tons, which was near 74% of total exports in 2021. It was distantly followed by Belgium (X tons), creating a 26% share of total exports.

The Netherlands was also the fastest-growing in terms of the o-acetylsalicylic acid, its salts and esters exports, with a CAGR of +5.5% from 2012 to 2021. Belgium experienced a relatively flat trend pattern. While the share of the Netherlands (+9.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-9 p.p.) displayed negative dynamics.

In value terms, the largest o-acetylsalicylic acid supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

In terms of the main exporting countries, Belgium, with a CAGR of +9.2%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, increasing by 20% against the previous year. Overall, the export price enjoyed a temperate expansion. The growth pace was the most rapid in 2013 when the export price increased by 145%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.6%).

O-Acetylsalicylic Acid Imports

Imports in Benelux

In 2021, approx. X tons of o-acetylsalicylic acid, its salts and esters were imported in Benelux; which is down by -63.2% compared with 2020 figures. In general, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 80%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, o-acetylsalicylic acid imports shrank remarkably to $X in 2021. Overall, imports saw a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 66%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

The Netherlands was the key importer of o-acetylsalicylic acid, its salts and esters in Benelux, with the volume of imports amounting to X tons, which was approx. 80% of total imports in 2021. It was distantly followed by Belgium (X tons), committing a 20% share of total imports.

The Netherlands was also the fastest-growing in terms of the o-acetylsalicylic acid, its salts and esters imports, with a CAGR of +5.1% from 2012 to 2021. Belgium (-13.5%) illustrated a downward trend over the same period. The Netherlands (+39 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -38.7% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported o-acetylsalicylic acid, its salts and esters in Benelux, comprising 88% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports.

In the Netherlands, o-acetylsalicylic acid imports expanded at an average annual rate of +8.0% over the period from 2012-2021.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, with an increase of 27% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%).

Source: IndexBox Platform