France: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in France

In 2021, the French o-acetylsalicylic acid market increased by 1.4% to $X, rising for the third consecutive year after two years of decline. Overall, consumption recorded significant growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

O-Acetylsalicylic Acid Production in France

In value terms, o-acetylsalicylic acid production shrank slightly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 9.2%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted modestly in the following year.

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O-Acetylsalicylic Acid Exports

Exports from France

In 2019, after two years of growth, there was significant decline in shipments abroad of o-acetylsalicylic acid, its salts and esters, when their volume decreased by -14.5% to X tons. In general, exports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of 8.2% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, o-acetylsalicylic acid exports dropped to $X in 2019. Over the period under review, exports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of 13% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2019, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and South Africa (X tons) were the main destinations of o-acetylsalicylic acid exports from France, together accounting for 53% of total exports. Spain, Austria, Russia, Italy, Mexico, Bulgaria, Romania, Egypt, the UK and Sweden lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +240.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for o-acetylsalicylic acid exported from France were the United States ($X), Germany ($X) and Russia ($X), together comprising 45% of total exports.

Russia, with a CAGR of +262.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average o-acetylsalicylic acid export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2019, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2017 an increase of 9.2% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; afterwards, it flattened through to 2019.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

O-Acetylsalicylic Acid Imports

Imports into France

O-acetylsalicylic acid imports into France skyrocketed to X tons in 2021, jumping by 143% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 229% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, o-acetylsalicylic acid imports skyrocketed to $X in 2021. Overall, imports saw a slight increase. The most prominent rate of growth was recorded in 2019 when imports increased by 361% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of o-acetylsalicylic acid imports to France, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +46.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Thailand ($X) and Germany ($X) constituted the largest o-acetylsalicylic acid suppliers to France, with a combined 81% share of total imports.

Spain, with a CAGR of +40.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average o-acetylsalicylic acid import price amounted to $X per ton, declining by -37.3% against the previous year. In general, the import price, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2019 an increase of 76%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then shrank sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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