Netherlands: Salicylic Acid Market 2024

Salicylic Acid Market Size in the Netherlands

The Dutch salicylic acid market surged to $X in 2021, with an increase of 31% against the previous year. Overall, consumption recorded a strong expansion. Over the period under review, the market attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Salicylic Acid Production in the Netherlands

In value terms, salicylic acid production amounted to $X in 2021 estimated in export price. In general, production showed temperate growth. The pace of growth appeared the most rapid in 2020 when the production volume decreased by 99.9% against the previous year. Salicylic acid production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Salicylic Acid Exports

Exports from the Netherlands

Salicylic acid exports from the Netherlands soared to X tons in 2021, picking up by 55% compared with 2020. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 464% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, salicylic acid exports skyrocketed to $X in 2021. Over the period under review, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 167% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for salicylic acid exports from the Netherlands, accounting for a 45% share of total exports. Moreover, salicylic acid exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+208.2% per year) and Belgium (-0.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for salicylic acid and its salts exports from the Netherlands, comprising 34% of total exports. The second position in the ranking was held by Romania ($X), with a 16% share of total exports. It was followed by Poland, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+224.8% per year) and Poland (+108.0% per year).

Export Prices by Country

In 2021, the average salicylic acid export price amounted to $X per ton, shrinking by -16.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 143%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($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 Romania (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Salicylic Acid Imports

Imports into the Netherlands

In 2021, approx. X tons of salicylic acid and its salts were imported into the Netherlands; waning by -4.5% on the year before. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 911% against the previous year. As a result, imports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, salicylic acid imports shrank to $X in 2021. Over the period under review, imports, however, saw a strong increase. The growth pace was the most rapid in 2020 with an increase of 728% against the previous year. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest salicylic acid supplier to the Netherlands, with a 69% share of total imports. Moreover, salicylic acid imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by France (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.0% per year) and France (+30.3% per year).

In value terms, China ($X) constituted the largest supplier of salicylic acid and its salts to the Netherlands, comprising 60% of total imports. The second position in the ranking was taken by India ($X), with a 25% share of total imports. It was followed by France, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.9% per year) and France (+34.7% per year).

Import Prices by Country

In 2021, the average salicylic acid import price amounted to $X per ton, growing by 2.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2019 an increase of 31%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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