Salicylic Acid Market
Salicylic acid market: get access to the latest data provided by an Ai-driven BI tool. Info include imports, market prices, production, exports, consumption, companies, trade, and market size. Here is a split by region, including the U.K., Africa, the U.S., Russia, China, Latin America, the Middle East, and EU. Market trends and outlook to 2030 are also provided in the snapshots.
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Salicylic Acid - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | India |
| 2 | Spain |
| 3 | United States |
| 4 | Mexico |
| 5 | China |
In value terms, India led the market, alone. The second position in the ranking was occupied by Spain. It was followed by the United States.
From 2018 to 2020, the average annual rate of growth in terms of value in India stood at +45.2%. The remaining consuming countries recorded the following average annual rates of market growth: Spain (+37.2% per year) and the United States (-10.8% per year).
Salicylic Acid Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| China | 2881 | 2719 | 2112 | -14.4% |
| United States | 5097 | 5591 | 4897 | -2.0% |
| India | 9071 | 10312 | 10262 | 6.4% |
| Germany | 7936 | 11056 | 14123 | 33.4% |
| Average | 3459 | 3763 | 3322 | -2.0% |
Prices varied noticeably by the country of origin; the country with the highest price was Germany ($14,123 per ton), while China ($2,112 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced mixed trends in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| United States | 5026 | 5948 | 4704 | -3.3% |
| Italy | 4125 | 4552 | 4524 | 4.7% |
| Japan | 3541 | 4725 | 4372 | 11.1% |
| Netherlands | 6188 | 6686 | 4111 | -18.5% |
| Germany | 3706 | 4397 | 4101 | 5.2% |
| Mexico | 3145 | 3127 | 3459 | 4.9% |
| Spain | 3161 | 5145 | 3084 | -1.2% |
| India | 2278 | 2363 | 2999 | 14.7% |
| Thailand | 2466 | 3274 | 2235 | -4.8% |
| Average | 3257 | 3597 | 3516 | 3.9% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the United States ($4,704 per ton), while Thailand ($2,235 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.
Salicylic Acid - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| India | 32 | 34 | 67 | 45.1% |
| United States | 20 | 23 | 16 | -10.1% |
| Mexico | 12 | 8.5 | 11 | -2.3% |
| Germany | 11 | 11 | 11 | 2.6% |
| Thailand | 5.3 | 5.8 | 4.4 | -8.0% |
In value terms, India ($67M) constitutes the largest market for imported salicylic acid and its salts worldwide, comprising 41% of global imports. The second position in the ranking was occupied by the United States ($17M), with a 10% share of global imports. It was followed by Mexico, with a 6.9% share.
In India, salicylic acid imports expanded at an average annual rate of +45.1% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: the United States (-10.1% per year) and Mexico (-2.3% per year).
Salicylic Acid - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| China | 80 | 65 | 58 | -15.3% |
| India | 16 | 21 | 21 | 13.6% |
| Germany | 16 | 15 | 17 | 4.5% |
| United States | 2.7 | 1.9 | 2.8 | 3.1% |
In value terms, China ($58M) remains the largest salicylic acid supplier worldwide, comprising 53% of global exports. The second position in the ranking was occupied by India ($21M), with a 20% share of global exports. It was followed by Germany, with a 16% share.
From 2018 to 2020, the average annual rate of growth in terms of value in China amounted to -15.3%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+13.6% per year) and Germany (+4.5% per year).
Salicylic Acid - Market Forecast
Driven by increasing demand for salicylic 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.
Salicylic Acid - Product Coverage
- HS 291821 - Acids; carboxylic acids, (with phenol function but without other oxygen function), salicylic acid and its salts
This report provides an in-depth analysis of the global salicylic acid market.
This report provides an in-depth analysis of the salicylic acid market in Southern Asia.
This report provides an in-depth analysis of the salicylic acid market in Africa.
This report provides an in-depth analysis of the salicylic acid market in Australia and Oceania.
This report provides an in-depth analysis of the salicylic acid market in the Middle East.
This report provides an in-depth analysis of the salicylic acid market in Central Asia.
This report provides an in-depth analysis of the salicylic acid market in Eastern Asia.
This report provides an in-depth analysis of the salicylic acid market in Latin America and the Caribbean.
This report provides an in-depth analysis of the salicylic acid market in South-Eastern Asia.
This report provides an in-depth analysis of the salicylic acid market in Northern America.
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