Report Update Nov 1, 2024

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

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Canada: Salicylic Acid Market 2024

Salicylic Acid Market Size in Canada

In 2021, the Canadian salicylic acid market increased by 13% to $X, rising for the fifth year in a row after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Salicylic Acid Exports

Exports from Canada

Salicylic acid exports from Canada contracted dramatically to X tons in 2021, declining by -87.1% compared with the year before. In general, exports showed a perceptible contraction. The growth pace was the most rapid in 2020 when exports increased by 7,976% against the previous year. As a result, the exports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, salicylic acid exports shrank notably to $X in 2021. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2020 when exports increased by 13,752% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

The United States (X tons) was the main destination for salicylic acid exports from Canada, accounting for a 50% share of total exports. Moreover, salicylic acid exports to the United States exceeded the volume sent to the second major destination, Spain (X kg), threefold. The third position in this ranking was taken by China (X kg), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and China (+67.2% per year).

In value terms, the United States ($X) emerged as the key foreign market for salicylic acid and its salts exports from Canada, comprising 64% of total exports. The second position in the ranking was held by Spain ($X), with an 11% share of total exports. It was followed by China, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and China (+36.7% per year).

Export Prices by Country

The average salicylic acid export price stood at $X per ton in 2021, shrinking by -15% against the previous year. Overall, the export price faced a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of 241% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 Germany (-2.8%), while the prices for the other major destinations experienced a decline.

Salicylic Acid Imports

Imports into Canada

In 2021, purchases abroad of salicylic acid and its salts decreased by -35.1% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports saw a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 146% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, salicylic acid imports surged to $X in 2021. In general, imports, however, saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) was the main salicylic acid supplier to Canada, accounting for a 128% share of total imports. Moreover, salicylic acid imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 46% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea amounted to +100.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.4% per year) and the United States (+10.7% per year).

In value terms, the largest salicylic acid suppliers to Canada were South Korea ($X), the United States ($X) and China ($X), together accounting for 82% of total imports.

Among the main suppliers, South Korea, with a CAGR of +93.5%, 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

In 2021, the average salicylic acid import price amounted to $X per ton, rising by 125% against the previous year. In general, the import price continues to indicate a strong increase. 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 origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.1%), 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. The third position in this ranking was occupied by Mexico, 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, comprising approx. 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 Canada?

In value terms, France, the United States and China appeared to be the largest salicylic acid suppliers to Canada, with a combined 87% share of total imports.

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

In value terms, India and the United States appeared to be the largest markets for salicylic acid exported from Canada worldwide.

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

In 2020, the average salicylic acid export price amounted to $3,950 per ton, waning by -26.5% against the previous year.

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

In 2020, the average salicylic acid import price amounted to $5,409 per ton, picking up by 10% against the previous year.

This report provides an in-depth analysis of the salicylic acid market in Canada. 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:

Canada

Data coverage:

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

Reasons to buy this report:

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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
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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