Report Update Nov 1, 2024

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

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Slovakia: Salicylic Acid Market 2024

Salicylic Acid Market Size in Slovakia

The Slovak salicylic acid market soared to $X in 2021, jumping by 197% 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). Over the period under review, consumption posted a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Salicylic Acid Exports

Exports from Slovakia

Salicylic acid exports from Slovakia declined dramatically to X kg in 2019, waning by -32.4% on 2018. Over the period under review, exports, however, continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2018 with an increase of 325% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

In value terms, salicylic acid exports contracted to $X in 2019. Overall, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 163%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

France (X kg) was the main destination for salicylic acid exports from Slovakia, accounting for a approx. 8.7% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to France was relatively modest.

In value terms, France ($X) emerged as the key foreign market for salicylic acid and its salts exports from Slovakia, comprising 6.6% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 2.1% share of total exports.

From 2012 to 2019, the average annual growth rate of value to France was relatively modest.

Export Prices by Country

The average salicylic acid export price stood at $X per ton in 2019, jumping by 33% against the previous year. Over the period under review, the export price continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2016 an increase of 144%. The export price peaked at $X per ton in 2017; however, from 2018 to 2019, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-1.5%).

Salicylic Acid Imports

Imports into Slovakia

Salicylic acid imports into Slovakia soared to X tons in 2021, picking up by 313% against the previous year. Overall, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, salicylic acid imports surged to $X in 2021. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 63%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest salicylic acid supplier to Slovakia, with a 45% share of total imports. Moreover, salicylic acid imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. Poland (X kg) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +153.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+8.2% per year) and Poland (+20.4% per year).

In value terms, the largest salicylic acid suppliers to Slovakia were Poland ($X), the Czech Republic ($X) and the Netherlands ($X), together accounting for 91% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +166.4%, 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

In 2021, the average salicylic acid import price amounted to $X per ton, declining by -67.7% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 205%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+33.9%), 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?

The country with the largest volume of salicylic acid consumption was India, comprising approx. 42% of total volume. Moreover, salicylic acid consumption in India exceeded the figures recorded by the second-largest consumer, Spain, sixfold. The third position in this ranking was occupied by Mexico, with a 6.8% share.

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

China remains the largest salicylic acid producing country worldwide, 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 Slovakia?

In value terms, Poland constituted the largest supplier of salicylic acid to Slovakia, comprising 77% of total imports. The second position in the ranking was occupied by the Czech Republic, with a 21% share of total imports. It was followed by France, with a 0.8% share.

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

In value terms, France $180) emerged as the key foreign market for salicylic acid exports from Slovakia, comprising 75% of total exports. The second position in the ranking was occupied by the Czech Republic $60), with a 25% share of total exports.

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

In 2019, the average salicylic acid export price amounted to $8,655 per ton, picking up by 14% against the previous year.

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

In 2020, the average salicylic acid import price amounted to $18,836 per ton, picking up by 21% against the previous year.

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

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
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