Sweden: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in Sweden

The Swedish o-acetylsalicylic acid market skyrocketed to $X in 2021, picking up by 110% against the previous year. Overall, consumption, however, recorded a abrupt descent. O-acetylsalicylic acid consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

O-Acetylsalicylic Acid Production in Sweden

In value terms, o-acetylsalicylic acid production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of 8.8%. O-acetylsalicylic acid production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

O-Acetylsalicylic Acid Exports

Exports from Sweden

In 2021, overseas shipments of o-acetylsalicylic acid, its salts and esters were finally on the rise to reach X kg after three years of decline. Over the period under review, exports, however, recorded a abrupt shrinkage. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, o-acetylsalicylic acid exports surged to $X in 2021. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X kg) was the main destination for o-acetylsalicylic acid exports from Sweden, accounting for a 58% share of total exports. Moreover, o-acetylsalicylic acid exports to Singapore exceeded the volume sent to the second major destination, Australia (X kg), fourfold. The third position in this ranking was taken by Canada (X kg), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and Canada (+41.2% per year).

In value terms, the largest markets for o-acetylsalicylic acid exported from Sweden were Singapore ($X), Canada ($X) and Australia ($X), with a combined 99% share of total exports.

Canada, with a CAGR of +77.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 o-acetylsalicylic acid export price amounted to $X per ton, with an increase of 397% against the previous year. In general, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the UK ($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 Canada (+25.2%), while the prices for the other major destinations experienced mixed trend patterns.

O-Acetylsalicylic Acid Imports

Imports into Sweden

In 2021, supplies from abroad of o-acetylsalicylic acid, its salts and esters was finally on the rise to reach X kg after three years of decline. Overall, imports, however, recorded a dramatic setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, o-acetylsalicylic acid imports surged to $X in 2021. Over the period under review, imports, however, showed a dramatic decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Denmark (X kg) constituted the largest o-acetylsalicylic acid supplier to Sweden, accounting for a 87% share of total imports. Moreover, o-acetylsalicylic acid imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold. The third position in this ranking was taken by the United States (X kg), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark totaled -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-46.2% per year) and the United States (-10.9% per year).

In value terms, Denmark ($X) constituted the largest supplier of o-acetylsalicylic acid, its salts and esters to Sweden, comprising 94% of total imports. The second position in the ranking was held by Germany ($X), with a 4.4% share of total imports. It was followed by Belgium, with a 0.8% share.

From 2012 to 2021, the average annual growth rate of value from Denmark stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-34.4% per year) and Belgium (-1.5% per year).

Import Prices by Country

In 2021, the average o-acetylsalicylic acid import price amounted to $X per ton, with an increase of 201% against the previous year. Over the period under review, the import price posted significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Denmark ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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