China - O-Acetylsalicylic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingO-Acetylsalicylic Acid Price in China - 2023
Contents:
- O-Acetylsalicylic Acid Price in China (FOB) - 2023
- O-Acetylsalicylic Acid Price in China (CIF) - 2022
- O-Acetylsalicylic Acid Exports in China
- O-Acetylsalicylic Acid Imports in China
O-Acetylsalicylic Acid Price in China (FOB) - 2023
The average o-acetylsalicylic acid export price stood at $3,231 per ton in June 2023, which is down by -14% against the previous month. Overall, the export price showed a mild shrinkage. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 16% month-to-month. As a result, the export price reached the peak level of $4,102 per ton. From March 2023 to June 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($4,812 per ton), while the average price for exports to Nigeria ($2,517 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
O-Acetylsalicylic Acid Price in China (CIF) - 2022
In 2022, the average o-acetylsalicylic acid import price amounted to $15,747 per ton, jumping by 66% against the previous year. Overall, the import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2013 an increase of 122%. The import price peaked at $20,174 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
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 the United States ($15,791 per ton), while the price for Spain ($3,680 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced a decline.
O-Acetylsalicylic Acid Exports in China
For the fourth year in a row, China recorded growth in overseas shipments of o-acetylsalicylic acid, its salts and esters, which increased by 9.7% to 8.1K tons in 2022. The total export volume increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, o-acetylsalicylic acid exports rose markedly to $27M in 2022. The total export value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of O-Acetylsalicylic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 3.7 | 4.4 | 5.2 | 6.7 | 21.9% |
| United States | 5.1 | 3.6 | 1.6 | 3.6 | -11.0% |
| Germany | 1.9 | 2.0 | 2.5 | 1.8 | -1.8% |
| Pakistan | 0.7 | 0.6 | 1.0 | 1.7 | 34.4% |
| South Africa | 0.1 | 0.1 | 1.2 | 1.6 | 152.0% |
| Poland | 0.4 | 0.7 | 0.7 | 1.2 | 44.2% |
| Kenya | 1.5 | 1.3 | 1.5 | 1.2 | -7.2% |
| Belarus | 1.0 | 0.2 | 0.6 | 1.0 | 0.0% |
| Brazil | 0.4 | 0.6 | 0.8 | 0.7 | 20.5% |
| Nigeria | 0.8 | 0.7 | 0.5 | 0.5 | -14.5% |
| Others | 8.0 | 8.2 | 9.2 | 7.5 | -2.1% |
| Total | 23.8 | 22.3 | 25.0 | 27.3 | 4.7% |
Top Export Markets for O-Acetylsalicylic Acid from China in 2022:
- Russia (2217.9 tons)
- United States (1086.0 tons)
- Germany (476.1 tons)
- Pakistan (469.4 tons)
- South Africa (424.6 tons)
- Kenya (367.1 tons)
- Belarus (325.8 tons)
- Poland (285.1 tons)
- Brazil (180.5 tons)
- Nigeria (168.7 tons)
O-Acetylsalicylic Acid Imports in China
In 2022, approx. 1.2 tons of o-acetylsalicylic acid, its salts and esters were imported into China; dropping by -50.9% on 2021. Overall, imports saw a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 53%.
In value terms, o-acetylsalicylic acid imports dropped significantly to $19K in 2022. Over the period under review, imports recorded a sharp decrease.
| Import of O-Acetylsalicylic Acid in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.7 | 30.4 | 16.6 | 18.4 | 13.2% |
| Spain | N/A | N/A | N/A | 0.1 | 0% |
| Japan | 27.3 | N/A | 2.5 | N/A | -69.7% |
| Germany | N/A | 0.3 | 1.8 | N/A | 500.0% |
| France | 2.3 | N/A | N/A | N/A | 0% |
| Canada | 2.6 | 0.7 | 1.6 | N/A | -21.6% |
| Others | 1.8 | 1.2 | 0.9 | 0.5 | -34.8% |
| Total | 46.6 | 32.6 | 23.4 | 19.1 | -25.7% |
Top Suppliers of O-Acetylsalicylic Acid to China in 2022:
- United States (1167.0 kg)
- Spain (38.0 kg)
- Japan (5.0 kg)
This report provides an in-depth analysis of the o-acetylsalicylic acid market in China. 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 21101050 - O-acetylsalicylic acid, its salts and esters
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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