Poland: Salicylic Acid Market 2024

Salicylic Acid Market Size in Poland

In 2021, the Polish salicylic acid market decreased by -17% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption, however, posted a perceptible expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Salicylic Acid Exports

Exports from Poland

In 2021, exports of salicylic acid and its salts from Poland soared to X tons, jumping by 70% against 2020 figures. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 367% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, salicylic acid exports surged to $X in 2021. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 84%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Russia (X tons), Denmark (X tons) and the UK (X tons) were the main destinations of salicylic acid exports from Poland, with a combined 56% share of total exports. Romania, Germany, France, Hungary, the Czech Republic, Italy and Spain lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +119.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Russia ($X) and Germany ($X) were the largest markets for salicylic acid exported from Poland worldwide, together accounting for 51% of total exports. Denmark, Spain, the UK, Hungary, the Czech Republic, France and Italy lagged somewhat behind, together comprising a further 38%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +129.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average salicylic acid export price amounted to $X per ton, with a decrease of -4.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 46% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to France ($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 the Czech Republic (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Salicylic Acid Imports

Imports into Poland

In 2021, supplies from abroad of salicylic acid and its salts decreased by -7.7% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports, however, recorded modest growth. The most prominent rate of growth was recorded in 2017 with an increase of 86% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, salicylic acid imports reduced modestly to $X in 2021. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 80%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), China (X tons) and Germany (X tons) were the main suppliers of salicylic acid imports to Poland, with a combined 93% share 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 +31.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest salicylic acid suppliers to Poland were France ($X), China ($X) and Germany ($X), together comprising 91% of total imports.

Among the main suppliers, Germany, with a CAGR of +41.8%, 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 salicylic acid import price stood at $X per ton in 2021, surging by 6.3% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, salicylic acid import price increased by +77.7% against 2017 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: 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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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