Netherlands: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in the Netherlands

The Dutch o-acetylsalicylic acid market fell dramatically to $X in 2021, with a decrease of -46.4% 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). Overall, consumption, however, posted a prominent expansion. O-acetylsalicylic acid consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

O-Acetylsalicylic Acid Exports

Exports from the Netherlands

In 2021, shipments abroad of o-acetylsalicylic acid, its salts and esters increased by 71% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 99% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, o-acetylsalicylic acid exports surged to $X in 2021. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 70% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X tons), Belarus (X tons) and Italy (X tons) were the main destinations of o-acetylsalicylic acid exports from the Netherlands, together accounting for 68% of total exports. Germany, Spain, Slovenia and Belgium lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +267.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the key foreign market for o-acetylsalicylic acid, its salts and esters exports from the Netherlands, comprising 34% of total exports. The second position in the ranking was taken by Belarus ($X), with a 16% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland amounted to +97.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+27.9% per year) and Germany (-8.6% per year).

Export Prices by Country

The average o-acetylsalicylic acid export price stood at $X per ton in 2021, waning by -18.7% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.8% 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 export price increased by +34.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 65% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted notably in the following year.

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 Belgium ($X per ton), while the average price for exports to Belarus ($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 Slovenia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

O-Acetylsalicylic Acid Imports

Imports into the Netherlands

For the third consecutive year, the Netherlands recorded decline in overseas purchases of o-acetylsalicylic acid, its salts and esters, which decreased by -14.4% to X tons in 2021. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 72%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, o-acetylsalicylic acid imports shrank to $X in 2021. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 83% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of o-acetylsalicylic acid to the Netherlands, with a 68% share of total imports. Moreover, o-acetylsalicylic acid imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.3% per year) and Belgium (+20.2% per year).

In value terms, Germany ($X), China ($X) and Belgium ($X) constituted the largest o-acetylsalicylic acid suppliers to the Netherlands, with a combined 100% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +21.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average o-acetylsalicylic acid import price stood at $X per ton in 2021, growing by 11% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.7% 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 +84.7% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 18%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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