Esters of salicylic acid and their salts market
Esters of Salicylic Acid and Their Salts - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | India |
| 3 | Japan |
| 4 | United States |
| 5 | Brazil |
In value terms, China led the market, alone. The second position in the ranking was occupied by India. It was followed by Japan.
From 2018 to 2020, the average annual growth rate of value in China totaled +20.6%. The remaining consuming countries recorded the following average annual rates of market growth: India (+6.4% per year) and Japan (+24.8% per year).
Esters Of Salicylic Acid And Their Salts (Excluding Of O- Acetylsalicylic Acid) Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| France | 4045 | 4436 | 3592 | -5.8% |
| China | 3458 | 4125 | 3802 | 4.9% |
| India | 4084 | 4636 | 4000 | -1.0% |
| Mexico | 5206 | 4737 | 5399 | 1.8% |
| United Kingdom | 4862 | 5392 | 5602 | 7.3% |
| Netherlands | 4468 | 5861 | 6191 | 17.7% |
| United States | 5724 | 6932 | 7711 | 16.1% |
| Germany | 6663 | 7454 | 7800 | 8.2% |
| Average | 4263 | 4795 | 4687 | 4.9% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($7,800 per ton), while France ($3,592 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| France | 6245 | 7698 | 7176 | 7.2% |
| Spain | 4976 | 5285 | 5826 | 8.2% |
| Switzerland | 4870 | 5350 | 5291 | 4.2% |
| Brazil | 4086 | 4740 | 5157 | 12.3% |
| Germany | 4043 | 4679 | 5085 | 12.1% |
| Singapore | 4890 | 5152 | 4950 | 0.6% |
| Netherlands | 4550 | 4585 | 4819 | 2.9% |
| Thailand | 4248 | 4638 | 4306 | 0.7% |
| United Kingdom | 3885 | 4428 | 4117 | 2.9% |
| United States | 3928 | 4441 | 3897 | -0.4% |
| Mexico | 2993 | 3225 | 3864 | 13.6% |
| Indonesia | 3397 | 4074 | 3508 | 1.6% |
| Nigeria | 2001 | 1807 | 1761 | -6.2% |
| Average | 4204 | 4684 | 4600 | 4.6% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($7,176 per ton), while Nigeria ($1,761 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.
Esters of Salicylic Acid and Their Salts (Excluding of O- Acetylsalicylic Acid) - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| United States | 50 | 68 | 52 | 1.7% |
| Germany | 18 | 22 | 20 | 6.9% |
| Switzerland | 15 | 16 | 18 | 10.5% |
| United Kingdom | 15 | 16 | 17 | 6.3% |
| Brazil | 11 | 13 | 16 | 20.6% |
In value terms, the United States ($52M) constitutes the largest market for imported esters of salicylic acid and their salts (excluding of o- acetylsalicylic acid) worldwide, comprising 21% of global imports. The second position in the ranking was occupied by Germany ($20M), with a 8.1% share of global imports. It was followed by Switzerland, with a 7.3% share.
In the United States, imports of esters of salicylic acid and their salts (excluding of o- acetylsalicylic acid) expanded at an average annual rate of +1.7% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Germany (+6.9% per year) and Switzerland (+10.5% per year).
Esters of Salicylic Acid and Their Salts (Excluding of O- Acetylsalicylic Acid) - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| China | 83 | 114 | 88 | 2.8% |
| India | 37 | 50 | 48 | 14.2% |
| Mexico | 18 | 18 | 21 | 7.4% |
| United Kingdom | 15 | 15 | 16 | 3.3% |
| France | 17 | 18 | 15 | -5.0% |
In value terms, China ($88M), India ($48M) and Mexico ($21M) constituted the countries with the highest levels of exports in 2020, together accounting for 62% of global exports. The UK, France, the United States, the Netherlands and Germany lagged somewhat behind, together comprising a further 25%.
The Netherlands (+100.2% per year) recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Esters of Salicylic Acid and Their Salts (Excluding of O- Acetylsalicylic Acid) - Market Forecast
Driven by increasing demand for esters of salicylic acid and their salts (excluding of o- acetylsalicylic acid) worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Esters of Salicylic Acid and Their Salts - Product Coverage
- HS 291823 - Acids; carboxylic acids, (with phenol function but without other oxygen function), other esters of salicylic acid and its salts n.e.s. in item no. 2918.2
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This report provides an in-depth analysis of the global salicylic acid market.
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This report provides an in-depth analysis of the global o-acetylsalicylic acid market.
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