Ukraine: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in Ukraine

The Ukrainian o-acetylsalicylic acid market skyrocketed to $X in 2021, with an increase of 33% 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). The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

O-Acetylsalicylic Acid Exports

Exports from Ukraine

In 2021, shipments abroad of o-acetylsalicylic acid, its salts and esters increased by 30% to X kg, rising for the sixth consecutive year after two years of decline. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 871% against the previous year. As a result, the exports attained the peak of X kg. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, o-acetylsalicylic acid exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable reduction. The growth pace was the most rapid in 2020 when exports increased by 219% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X kg) was the main destination for o-acetylsalicylic acid exports from Ukraine, accounting for a 65% share of total exports. Moreover, o-acetylsalicylic acid exports to Kazakhstan exceeded the volume sent to the second major destination, Moldova (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan stood at +55.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (-7.4% per year) and Azerbaijan (+32.0% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for o-acetylsalicylic acid, its salts and esters exports from Ukraine, comprising 63% of total exports. The second position in the ranking was taken by Moldova ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at +91.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (-15.6% per year) and Azerbaijan (0.0% per year).

Export Prices by Country

The average o-acetylsalicylic acid export price stood at $X per ton in 2021, jumping by 24% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 63% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Azerbaijan ($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 Azerbaijan (+299.4%), while the prices for the other major destinations experienced mixed trend patterns.

O-Acetylsalicylic Acid Imports

Imports into Ukraine

In 2021, supplies from abroad of o-acetylsalicylic acid, its salts and esters was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 38%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, o-acetylsalicylic acid imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of o-acetylsalicylic acid to Ukraine, accounting for a 75% share of total imports. Moreover, o-acetylsalicylic acid imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. France (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.0% per year) and France (+16.2% per year).

In value terms, China ($X) constituted the largest supplier of o-acetylsalicylic acid, its salts and esters to Ukraine, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by France, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.0% per year) and France (+9.1% per year).

Import Prices by Country

In 2021, the average o-acetylsalicylic acid import price amounted to $X per ton, approximately reflecting the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2020 an increase of 20%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($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 (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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