Czech Republic: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in the Czech Republic

The Czech o-acetylsalicylic acid market surged to $X in 2021, picking up by 425% against the previous year. Overall, consumption showed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

O-Acetylsalicylic Acid Production in the Czech Republic

In value terms, o-acetylsalicylic acid production declined to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 9.2%. Over the period under review, production attained the peak level at $X in 2020, and then fell in the following year.

O-Acetylsalicylic Acid Exports

Exports from the Czech Republic

In 2021, the amount of o-acetylsalicylic acid, its salts and esters exported from the Czech Republic contracted dramatically to X kg, waning by -97.9% against 2020 figures. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 2,019%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, o-acetylsalicylic acid exports contracted markedly to $X in 2021. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 1,644%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Lebanon (X kg) was the main destination for o-acetylsalicylic acid exports from the Czech Republic, accounting for a 75% share of total exports. Moreover, o-acetylsalicylic acid exports to Lebanon exceeded the volume sent to the second major destination, Slovakia (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Lebanon was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-7.1% per year) and Hungary (0.0% per year).

In value terms, Lebanon ($X), Slovakia ($X) and Hungary ($X) constituted the largest markets for o-acetylsalicylic acid exported from the Czech Republic worldwide.

Hungary, with a CAGR of +1,020.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average o-acetylsalicylic acid export price stood at $X per ton in 2021, surging by 62% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. Over the period under review, the average export prices reached the maximum 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 Hungary ($X per ton), while the average price for exports to Lebanon ($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 Hungary (+1,456.0%), while the prices for the other major destinations experienced mixed trend patterns.

O-Acetylsalicylic Acid Imports

Imports into the Czech Republic

In 2021, overseas purchases of o-acetylsalicylic acid, its salts and esters increased by 391% to X tons, rising for the fifth consecutive year after three years of decline. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, o-acetylsalicylic acid imports skyrocketed to $X in 2021. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2017 when imports increased by 306% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of o-acetylsalicylic acid to the Czech Republic, with a 82% share of total imports. Moreover, o-acetylsalicylic acid imports from France exceeded the figures recorded by the second-largest supplier, Poland (X tons), sixfold. Germany (X kg) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to +61.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+212.3% per year) and Germany (+27.6% per year).

In value terms, France ($X) constituted the largest supplier of o-acetylsalicylic acid, its salts and esters to the Czech Republic, comprising 76% of total imports. The second position in the ranking was held by Poland ($X), with a 16% share of total imports. It was followed by Germany, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+247.5% per year) and Germany (+26.2% per year).

Import Prices by Country

The average o-acetylsalicylic acid import price stood at $X per ton in 2021, shrinking by -35% against the previous year. Overall, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+55.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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