Australia and Oceania: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in Australia and Oceania

The o-acetylsalicylic acid market in Australia and Oceania declined dramatically to $X in 2021, with a decrease of -17% against the previous year. Over the period under review, consumption saw a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

O-Acetylsalicylic Acid Production in Australia and Oceania

In value terms, o-acetylsalicylic acid production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 19%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

O-Acetylsalicylic Acid Exports

Exports in Australia and Oceania

In 2021, overseas shipments of o-acetylsalicylic acid, its salts and esters increased by 155% to X kg for the first time since 2014, thus ending a six-year declining trend. Overall, exports enjoyed a slight increase. The most prominent rate of growth was recorded in 2014 with an increase of 626%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat 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 abrupt downturn. The growth pace was the most rapid in 2014 when exports increased by 233%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Australia was the main exporter of o-acetylsalicylic acid, its salts and esters in Australia and Oceania, with the volume of exports finishing at X kg, which was near 90% of total exports in 2021. It was distantly followed by New Zealand (X kg), committing a 10% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of o-acetylsalicylic acid, its salts and esters. New Zealand (-39.4%) illustrated a downward trend over the same period. While the share of New Zealand (+10 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-10.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) and New Zealand ($X) constituted the countries with the highest levels of exports in 2021.

New Zealand, with a CAGR of -14.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, waning by -47.6% against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 62%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+40.9%).

O-Acetylsalicylic Acid Imports

Imports in Australia and Oceania

O-acetylsalicylic acid imports fell to X tons in 2021, which is down by -8.9% on the previous year's figure. Overall, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 45% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, o-acetylsalicylic acid imports declined markedly to $X in 2021. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 56% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Australia dominates imports structure, resulting at X tons, which was approx. 94% of total imports in 2021. It was distantly followed by Papua New Guinea (X tons), making up a 5.9% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to o-acetylsalicylic acid imports into Australia stood at -8.8%. Papua New Guinea experienced a relatively flat trend pattern. From 2012 to 2021, the share of Papua New Guinea increased by +5.9 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported o-acetylsalicylic acid, its salts and esters in Australia and Oceania, comprising 97% of total imports. The second position in the ranking was taken by Papua New Guinea ($X), with a 2.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled -8.1%.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, with a decrease of -8.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.7%).

Source: IndexBox Platform

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