O-Acetylsalicylic Acid Price in Serbia - 2023

O-Acetylsalicylic Acid Price in Serbia (CIF) - 2022

The average o-acetylsalicylic acid import price stood at $8,603 per ton in 2022, dropping by -6.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2014 when the average import price increased by 61% against the previous year. As a result, import price reached the peak level of $9,771 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($9,265 per ton), while the price for Bulgaria ($4,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

O-Acetylsalicylic Acid Price in Serbia (FOB) - 2022

The average o-acetylsalicylic acid export price stood at $22,142 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, o-acetylsalicylic acid export price increased by +80.5% against 2012 indices. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.

From 2012 to 2022, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to +6.1% per year.

O-Acetylsalicylic Acid Imports in Serbia

In 2022, overseas purchases of o-acetylsalicylic acid, its salts and esters decreased by -22.8% to 12 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year. As a result, imports attained the peak of 15 tons, and then shrank dramatically in the following year.

In value terms, o-acetylsalicylic acid imports reduced remarkably to $100K in 2022. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 79%. As a result, imports reached the peak of $139K, and then fell dramatically in the following year.

Import of O-Acetylsalicylic Acid in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	25.8	24.9	80.0	58.4	31.3%
China	0.5	1.8	13.5	41.3	335.5%
Germany	2.6	2.4	2.0	0.2	-57.5%
Others	27.3	48.4	43.0	N/A	25.5%
Total	56.2	77.6	139	99.8	21.1%

Top Suppliers of O-Acetylsalicylic Acid to Serbia in 2022:

France (6.3 tons)
China (5.3 tons)

O-Acetylsalicylic Acid Exports in Serbia

In 2022, after three years of growth, there was significant decline in overseas shipments of o-acetylsalicylic acid, its salts and esters, when their volume decreased by -75.6% to 113 kg. Over the period under review, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of 463 kg, and then fell markedly in the following year.

In value terms, o-acetylsalicylic acid exports declined markedly to $2.5K in 2022. In general, exports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of $10K, and then fell dramatically in the following year.