Denmark: Salicylic Acid Market 2024

Salicylic Acid Market Size in Denmark

The Danish salicylic acid market skyrocketed to $X in 2021, with an increase of 26% 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). The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Salicylic acid consumption peaked in 2021 and is expected to retain growth in the near future.

Salicylic Acid Exports

Exports from Denmark

In 2021, exports of salicylic acid and its salts from Denmark shrank dramatically to X tons, reducing by -20.1% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 4,596% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, salicylic acid exports shrank to $X in 2021. In general, exports, however, posted a strong expansion. The growth pace was the most rapid in 2014 when exports increased by 2,598% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for salicylic acid exports from Denmark, with a 44% share of total exports. Moreover, salicylic acid exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+171.4% per year) and Poland (+40.8% per year).

In value terms, the largest markets for salicylic acid exported from Denmark were Sweden ($X), Germany ($X) and Poland ($X), with a combined 83% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +170.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average salicylic acid export price stood at $X per ton in 2021, rising by 23% against the previous year. In general, the export price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2015 an increase of 193% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Norway ($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 Finland (+3.9%), while the prices for the other major destinations experienced a decline.

Salicylic Acid Imports

Imports into Denmark

In 2021, the amount of salicylic acid and its salts imported into Denmark rose sharply to X tons, with an increase of 9% against 2020. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 55% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, salicylic acid imports surged to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 51%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of salicylic acid to Denmark, accounting for a 90% share of total imports. Moreover, salicylic acid imports from France exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.0% per year) and Germany (-26.9% per year).

In value terms, France ($X) constituted the largest supplier of salicylic acid and its salts to Denmark, comprising 87% of total imports. The second position in the ranking was held by Germany ($X), with a 4.3% share of total imports. It was followed by China, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value from France stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-23.4% per year) and China (-13.6% per year).

Import Prices by Country

In 2021, the average salicylic acid import price amounted to $X per ton, growing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :