Russian Federation: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in the Russian Federation

The Russian o-acetylsalicylic acid market fell to $X in 2021, with a decrease of -14% 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, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% 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 +7.4% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

O-Acetylsalicylic Acid Exports

Exports from the Russian Federation

For the eighth consecutive year, Russia recorded growth in shipments abroad of o-acetylsalicylic acid, its salts and esters, which increased by 164% to X tons in 2021. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 521%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, o-acetylsalicylic acid exports soared to $X in 2021. In general, exports showed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 504%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belarus (X tons) was the main destination for o-acetylsalicylic acid exports from Russia, accounting for a 85% share of total exports. Moreover, o-acetylsalicylic acid exports to Belarus exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus amounted to +77.9%.

In value terms, Belarus ($X) emerged as the key foreign market for o-acetylsalicylic acid, its salts and esters exports from Russia, comprising 74% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus totaled +71.6%.

Export Prices by Country

The average o-acetylsalicylic acid export price stood at $X per ton in 2021, declining by -25.1% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 20% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Ukraine ($X per ton), while the average price for exports to Belarus amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (-3.5%), while the prices for the other major destinations experienced a decline.

O-Acetylsalicylic Acid Imports

Imports into the Russian Federation

O-acetylsalicylic acid imports into Russia declined to X tons in 2021, which is down by -6.1% on 2020. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 47%. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, o-acetylsalicylic acid imports shrank to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +4.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of o-acetylsalicylic acid to Russia, accounting for a 89% share of total imports. Moreover, o-acetylsalicylic acid imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+169.8% per year) and Germany (-41.9% per year).

In value terms, China ($X) constituted the largest supplier of o-acetylsalicylic acid, its salts and esters to Russia, comprising 71% of total imports. The second position in the ranking was held by France ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+175.8% per year) and Germany (-37.0% per year).

Import Prices by Country

The average o-acetylsalicylic acid import price stood at $X per ton in 2021, falling by -8.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, 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 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 (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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