MERCOSUR: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in MERCOSUR

The MERCOSUR o-acetylsalicylic acid market skyrocketed to $X in 2021, with an increase of 37% against the previous year. Overall, consumption, however, showed a pronounced decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

O-Acetylsalicylic Acid Production in MERCOSUR

In value terms, o-acetylsalicylic acid production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2020, and then shrank slightly in the following year.

O-Acetylsalicylic Acid Exports

Exports in MERCOSUR

In 2021, the amount of o-acetylsalicylic acid, its salts and esters exported in MERCOSUR dropped sharply to X tons, which is down by -49.1% compared with 2020. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 130%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, o-acetylsalicylic acid exports reduced sharply to $X in 2021. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 127%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador prevails in exports structure, reaching X tons, which was near 95% of total exports in 2021. Colombia (X tons) followed a long way behind the leaders.

Ecuador was also the fastest-growing in terms of the o-acetylsalicylic acid, its salts and esters exports, with a CAGR of +8.1% from 2012 to 2021. Colombia (-12.5%) illustrated a downward trend over the same period. Ecuador (+18 p.p.) significantly strengthened its position in terms of the total exports, while Colombia saw its share reduced by -17.3% from 2012 to 2021, respectively.

In value terms, Ecuador ($X) remains the largest o-acetylsalicylic acid supplier in MERCOSUR, comprising 90% of total exports. The second position in the ranking was taken by Colombia ($X), with a 7.5% share of total exports.

In Ecuador, o-acetylsalicylic acid exports expanded at an average annual rate of +10.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, picking up by 8.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2015 an increase of 15%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Ecuador amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+6.3%).

O-Acetylsalicylic Acid Imports

Imports in MERCOSUR

In 2021, the amount of o-acetylsalicylic acid, its salts and esters imported in MERCOSUR surged to X tons, rising by 34% compared with the previous year. Over the period under review, imports, however, recorded a pronounced downturn. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, o-acetylsalicylic acid imports soared to $X in 2021. In general, imports, however, continue to indicate a perceptible downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) and Argentina (X tons) represented the key importers of o-acetylsalicylic acid, its salts and esters in MERCOSUR, together resulting at near 68% of total imports. It was distantly followed by Colombia (X tons) and Chile (X tons), together making up a 24% share of total imports. The following importers - Peru (X tons) and Venezuela (X tons) - each accounted for a 5.2% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +12.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest o-acetylsalicylic acid importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Chile ($X), with a combined 83% share of total imports.

Among the main importing countries, Chile, with a CAGR of +21.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, picking up by 6.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 11% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :