Czech Republic: Salicylic Acid Market 2024

Salicylic Acid Market Size in the Czech Republic

The Czech salicylic acid market surged to $X in 2021, growing by 18% 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). Over the period under review, consumption saw a noticeable expansion. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Salicylic Acid Exports

Exports from the Czech Republic

In 2021, overseas shipments of salicylic acid and its salts increased by 61% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 332% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, salicylic acid exports plummeted to $X in 2021. Overall, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2014 with an increase of 525% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X tons), Poland (X kg) and Slovakia (X kg) were the main destinations of salicylic acid exports from the Czech Republic, with a combined 95% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Poland ($X) emerged as the key foreign market for salicylic acid and its salts exports from the Czech Republic, comprising 60% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 21% share of total exports. It was followed by Slovakia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Poland totaled +46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (0.0% per year) and Slovakia (-15.5% per year).

Export Prices by Country

The average salicylic acid export price stood at $X per ton in 2021, waning by -55.8% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 359%. The export price peaked at $X per ton in 2020, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to the UK ($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 Poland (+56.4%), while the prices for the other major destinations experienced more modest paces of growth.

Salicylic Acid Imports

Imports into the Czech Republic

Salicylic acid imports into the Czech Republic soared to X tons in 2021, jumping by 19% compared with 2020. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, salicylic acid imports skyrocketed to $X in 2021. Over the period under review, imports showed a notable increase. The growth pace was the most rapid in 2014 when imports increased by 1,009% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of salicylic acid to the Czech Republic, accounting for a 75% share of total imports. Moreover, salicylic acid imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +532.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-15.9% per year) and Germany (-6.7% per year).

In value terms, Italy ($X) constituted the largest supplier of salicylic acid and its salts to the Czech Republic, comprising 64% of total imports. The second position in the ranking was taken by Spain ($X), with a 17% share of total imports. It was followed by Germany, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +476.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+12.9% per year) and Germany (-4.6% per year).

Import Prices by Country

The average salicylic acid import price stood at $X per ton in 2021, remaining stable against the previous year. In general, the import price continues to indicate moderate growth. The most prominent rate of growth was recorded in 2014 an increase of 499% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+272.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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