Report Update Nov 1, 2024

Hong Kong SAR, China - O-Acetylsalicylic Acid, Its Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in Hong Kong SAR, China

After two years of growth, the Hong Kong o-acetylsalicylic acid market decreased by -94.6% to $X in 2021. In general, consumption faced a dramatic decrease. Over the period under review, the market attained the maximum level at $X in 2020, and then declined rapidly in the following year.

O-Acetylsalicylic Acid Production in Hong Kong SAR, China

In value terms, o-acetylsalicylic acid production expanded to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 25%. O-acetylsalicylic acid production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

O-Acetylsalicylic Acid Exports

Exports from Hong Kong SAR, China

After two years of decline, shipments abroad of o-acetylsalicylic acid, its salts and esters increased by 447% to X tons in 2021. Overall, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 3,647% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, o-acetylsalicylic acid exports skyrocketed to $X in 2021. In general, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Zimbabwe (X tons) and Romania (X tons) were the main destinations of o-acetylsalicylic acid exports from Hong Kong SAR.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zimbabwe (with a CAGR of +0.9%).

In value terms, the largest markets for o-acetylsalicylic acid exported from Hong Kong SAR were Zimbabwe ($X) and Romania ($X).

Zimbabwe, with a CAGR of +4.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average o-acetylsalicylic acid export price stood at $X per ton in 2021, growing by 14% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 2,550% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Zimbabwe stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+3.4%), while the prices for the other major destinations experienced a decline.

O-Acetylsalicylic Acid Imports

Imports into Hong Kong SAR, China

After two years of growth, overseas purchases of o-acetylsalicylic acid, its salts and esters decreased by -48.9% to X tons in 2021. Over the period under review, imports showed a noticeable reduction. The pace of growth was the most pronounced in 2019 with an increase of 203%. Imports peaked at X tons in 2020, and then reduced rapidly in the following year.

In value terms, o-acetylsalicylic acid imports reduced markedly to $X in 2021. In general, imports, however, saw measured growth. The pace of growth appeared the most rapid in 2019 when imports increased by 213% against the previous year. Imports peaked at $X in 2020, and then shrank sharply in the following year.

Imports by Country

In 2021, China (X tons) was the main o-acetylsalicylic acid supplier to Hong Kong SAR, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -4.2%.

In value terms, China ($X) constituted the largest supplier of o-acetylsalicylic acid, its salts and esters to Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.5%.

Import Prices by Country

The average o-acetylsalicylic acid import price stood at $X per ton in 2021, with an increase of 50% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, o-acetylsalicylic acid import price increased by +71.4% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +7.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for o-acetylsalicylic acid, its salts and esters in the world?

The countries with the highest volumes of o-acetylsalicylic acid consumption in 2020 were the United States, China and Russia, together comprising 36% of global consumption. These countries were followed by Thailand, Italy, Germany, South Africa, Kenya, Mexico, Ukraine, Brazil, Argentina and Belarus, which together accounted for a further 35%.

What are the largest producers of o-acetylsalicylic acid, its salts and esters in the world?

The countries with the highest volumes of o-acetylsalicylic acid production in 2020 were China, Spain and Thailand, with a combined 96% share of global production. Ecuador lagged somewhat behind, comprising a further 1.6%.

What are the leading suppliers of o-acetylsalicylic acid, its salts and esters to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of o-acetylsalicylic acid to Hong Kong SAR.

What are the leading importers of o-acetylsalicylic acid, its salts and esters from Hong Kong SAR, China?

In value terms, Zimbabwe remains the key foreign market for o-acetylsalicylic acid exports from Hong Kong SAR, comprising 87% of total exports. The second position in the ranking was occupied by Malaysia, with a 13% share of total exports.

What is the average export price for o-acetylsalicylic acid, its salts and esters in Hong Kong SAR, China?

The average o-acetylsalicylic acid export price stood at $4,403 per ton in 2020, declining by -9.5% against the previous year.

What is the average import price for o-acetylsalicylic acid, its salts and esters in Hong Kong SAR, China?

The average o-acetylsalicylic acid import price stood at $4,744 per ton in 2020, surging by 1.8% against the previous year.

This report provides an in-depth analysis of the o-acetylsalicylic acid market in Hong Kong SAR, China. 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 21101050 - O-acetylsalicylic acid, its salts and esters

Country coverage:

Hong Kong SAR

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

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
How to outsource production to other countries
How to prepare your business for global expansion

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