Report Update Nov 1, 2024

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

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Peru: Salicylic Acid Market 2024

Salicylic Acid Market Size in Peru

The Peruvian salicylic acid market contracted to $X in 2021, declining by -9.7% 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). In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.7% against 2019 indices. Salicylic acid consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Salicylic Acid Exports

Exports from Peru

In 2021, salicylic acid exports from Peru shrank rapidly to X kg, declining by -42.3% against the previous year. Over the period under review, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2019 with an increase of 828%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, salicylic acid exports contracted rapidly to $X in 2021. In general, exports faced a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 1,923%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bolivia (X kg) was the main destination for salicylic acid exports from Peru, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia totaled -6.8%.

In value terms, Bolivia ($X) emerged as the key foreign market for salicylic acid and its salts exports from Peru.

From 2012 to 2021, the average annual growth rate of value to Bolivia was relatively modest.

Export Prices by Country

In 2021, the average salicylic acid export price amounted to $X per ton, dropping by -64.8% against the previous year. In general, the export price, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2014 when the average export price increased by 178%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then contracted rapidly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to +117.3% per year.

Salicylic Acid Imports

Imports into Peru

In 2021, imports of salicylic acid and its salts into Peru declined to X tons, shrinking by -6.9% compared with the previous year's figure. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +40.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 60%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, salicylic acid imports shrank to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 52%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and Spain (X tons) were the main suppliers of salicylic acid imports to Peru, together accounting for 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +11.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of salicylic acid and its salts to Peru, comprising 70% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-10.8% per year) and China (+7.4% per year).

Import Prices by Country

The average salicylic acid import price stood at $X per ton in 2021, shrinking by -4.8% against the previous year. Overall, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.9%), while the prices for the other major suppliers experienced a decline.

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, comprising approx. 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?

The country with the largest volume of salicylic acid production was China, comprising approx. 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 Peru?

In value terms, Spain, Germany and China constituted the largest salicylic acid suppliers to Peru, with a combined 95% share of total imports. These countries were followed by the United States, which accounted for a further 3.1%.

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

In value terms, Colombia remains the key foreign market for salicylic acid exports from Peru, comprising 85% of total exports. The second position in the ranking was occupied by Bolivia $338), with a 15% share of total exports.

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

The average salicylic acid export price stood at $17,877 per ton in 2020, growing by 60% against the previous year.

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

In 2020, the average salicylic acid import price amounted to $14,490 per ton, remaining stable against the previous year.

This report provides an in-depth analysis of the salicylic acid market in Peru. 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:

Peru

Data coverage:

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

Reasons to buy this report:

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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
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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