Canada: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in Canada

The Canadian o-acetylsalicylic acid market fell to $X in 2021, shrinking by -8% 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). Overall, consumption showed a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

O-Acetylsalicylic Acid Exports

Exports from Canada

In 2021, after two years of decline, there was significant growth in shipments abroad of o-acetylsalicylic acid, its salts and esters, when their volume increased by 516% to X tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 2,861%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, o-acetylsalicylic acid exports skyrocketed to $X in 2021. Overall, exports, however, saw a pronounced curtailment. The growth pace was the most rapid in 2015 with an increase of 3,941%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for o-acetylsalicylic acid exports from Canada, with a 66% share of total exports. Moreover, o-acetylsalicylic acid exports to the United States exceeded the volume sent to the second major destination, Brazil (X tons), fourfold. China (X kg) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+866.9% per year) and China (+21.2% per year).

In value terms, the United States ($X) remains the key foreign market for o-acetylsalicylic acid, its salts and esters exports from Canada, comprising 67% of total exports. The second position in the ranking was held by Brazil ($X), with a 17% share of total exports. It was followed by China, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+763.3% per year) and China (+18.0% per year).

Export Prices by Country

In 2021, the average o-acetylsalicylic acid export price amounted to $X per ton, reducing by -11.9% against the previous year. Overall, the export price continues to indicate a pronounced descent. The growth pace was the most rapid in 2018 an increase of 39%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and South Korea ($X per ton), while the average price for exports to France ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.7%), while the prices for the other major destinations experienced a decline.

O-Acetylsalicylic Acid Imports

Imports into Canada

In 2021, overseas purchases of o-acetylsalicylic acid, its salts and esters increased by 4.3% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 106% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, o-acetylsalicylic acid imports rose to $X in 2021. In general, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 76%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of o-acetylsalicylic acid to Canada, accounting for a 75% share of total imports. Moreover, o-acetylsalicylic acid imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was held by Thailand (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.4% per year) and Thailand (+28.9% per year).

In value terms, China ($X) constituted the largest supplier of o-acetylsalicylic acid, its salts and esters to Canada, comprising 71% of total imports. The second position in the ranking was taken by France ($X), with a 21% share of total imports. It was followed by Thailand, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-7.6% per year) and Thailand (+28.3% per year).

Import Prices by Country

In 2021, the average o-acetylsalicylic acid import price amounted to $X per ton, reducing by -2.5% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, o-acetylsalicylic acid import price decreased by -5.9% against 2017 indices. The growth pace was the most rapid in 2017 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Thailand ($X per ton), while the price for China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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