EU: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in the EU

After two years of growth, the EU o-acetylsalicylic acid market decreased by -0.5% to $X in 2021. In general, consumption, however, continues to indicate a strong increase. As a result, consumption reached the peak level of $X, leveling off in the following year.

O-Acetylsalicylic Acid Production in the EU

In value terms, o-acetylsalicylic acid production shrank to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 6% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

O-Acetylsalicylic Acid Exports

Exports in the EU

For the third year in a row, the European Union recorded decline in overseas shipments of o-acetylsalicylic acid, its salts and esters, which decreased by -7.1% to X tons in 2021. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 12% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, o-acetylsalicylic acid exports contracted to $X in 2021. Over the period under review, exports showed a noticeable decline. The pace of growth was the most pronounced in 2018 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain dominates exports structure, finishing at X tons, which was near 88% of total exports in 2021. It was distantly followed by Germany (X tons), achieving a 9.1% share of total exports.

Spain experienced a relatively flat trend pattern with regard to volume of exports of o-acetylsalicylic acid, its salts and esters. At the same time, Germany (+6.3%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +6.3% from 2012-2021. While the share of Spain (+40 p.p.) and Germany (+6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest o-acetylsalicylic acid supplier in the European Union, comprising 76% of total exports. The second position in the ranking was held by Germany ($X), with a 20% share of total exports.

In Spain, o-acetylsalicylic acid exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, surging by 5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 when the export price increased by 9.1%. The level of export peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Spain stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.3%).

O-Acetylsalicylic Acid Imports

Imports in the EU

In 2021, approx. X tons of o-acetylsalicylic acid, its salts and esters were imported in the European Union; reducing by -10.9% on the year before. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 13%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, o-acetylsalicylic acid imports shrank to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 20%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons) and Italy (X tons) represented roughly 68% of total imports in 2021. It was distantly followed by Austria (X tons) and Poland (X tons), together mixing up a 12% share of total imports. France (X tons), Romania (X tons), Spain (X tons), Bulgaria (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of +9.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest o-acetylsalicylic acid importing markets in the European Union were Germany ($X), Italy ($X) and Austria ($X), with a combined 74% share of total imports. Poland, France, Romania, Bulgaria, Spain and the Netherlands lagged somewhat behind, together accounting for a further 21%.

Bulgaria, with a CAGR of +11.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 3.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 6.3%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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