Report Update Nov 1, 2024

Pakistan - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Salicylic Acid Market 2024

Salicylic Acid Market Size in Pakistan

The Pakistani salicylic acid market soared to $X in 2021, jumping by 106% 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 posted a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Salicylic Acid Exports

Exports from Pakistan

For the seventh consecutive year, Pakistan recorded growth in shipments abroad of salicylic acid and its salts, which increased by 15% to X tons in 2021. Over the period under review, exports saw a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by 240% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, salicylic acid exports contracted to $X in 2021. In general, exports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Afghanistan (X tons) was the main destination for salicylic acid exports from Pakistan, with a approx. 74% share of total exports.

From 2012 to 2014, the average annual rate of growth in terms of volume to Afghanistan stood at -68.3%.

In value terms, Afghanistan ($X) also remains the key foreign market for salicylic acid and its salts exports from Pakistan.

From 2012 to 2014, the average annual growth rate of value to Afghanistan amounted to -66.3%.

Export Prices by Country

In 2014, the average salicylic acid export price amounted to $X per ton, reducing by -35.6% against the previous year. In general, the export price continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2013 a decrease of -2.1%. The export price peaked at $X per ton in 2012; however, from 2013 to 2014, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Afghanistan.

From 2012 to 2014, the rate of growth in terms of prices for Afghanistan amounted to +6.2% per year.

Salicylic Acid Imports

Imports into Pakistan

In 2021, imports of salicylic acid and its salts into Pakistan soared to X tons, growing by 125% compared with 2020 figures. In general, imports posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, salicylic acid imports soared to $X in 2021. Overall, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest salicylic acid supplier to Pakistan, with a 68% share of total imports. Moreover, salicylic acid imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by Mexico (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+27.5% per year) and Mexico (+28.6% per year).

In value terms, China ($X) constituted the largest supplier of salicylic acid and its salts to Pakistan, comprising 67% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by Mexico, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+30.9% per year) and Mexico (+28.4% per year).

Import Prices by Country

In 2021, the average salicylic acid import price amounted to $X per ton, falling by -23.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Mexico ($X per ton), while the price for India ($X per ton) and Spain ($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 (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salicylic acid and its salts in the world?

India constituted the country with the largest volume of salicylic acid consumption, accounting for 42% of total volume. Moreover, salicylic acid consumption in India exceeded the figures recorded by the second-largest consumer, Spain, sixfold. Mexico ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of salicylic acid and its salts in the world?

China constituted the country with the largest volume of salicylic acid production, accounting for 86% of total volume. Moreover, salicylic acid production in China exceeded the figures recorded by the second-largest producer, Spain, tenfold.

What are the leading suppliers of salicylic acid and its salts to Pakistan?

In value terms, China constituted the largest supplier of salicylic acid to Pakistan, comprising 60% of total imports. The second position in the ranking was occupied by Spain, with a 16% share of total imports. It was followed by India, with a 7.7% share.

What are the leading importers of salicylic acid and its salts from Pakistan?

In value terms, Afghanistan remains the key foreign market for salicylic acid exports from Pakistan.

What is the average export price for salicylic acid and its salts in Pakistan?

In 2014, the average salicylic acid export price amounted to $1,008 per ton, which is down by -60.4% against the previous year.

What is the average import price for salicylic acid and its salts in Pakistan?

In 2020, the average salicylic acid import price amounted to $3,986 per ton, shrinking by -6.3% against the previous year.

This report provides an in-depth analysis of the salicylic acid market in Pakistan. 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 21101030 - Salicylic acid and its salts

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
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
Find deeper insights into current market developments
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