U.S.: Salicylic Acid Market 2024

Salicylic Acid Market Size in the U.S.

The U.S. salicylic acid market soared to $X in 2021, rising by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.4% against 2019 indices. Salicylic acid consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Salicylic Acid Exports

Exports from the U.S.

In 2021, the amount of salicylic acid and its salts exported from the United States fell notably to X tons, reducing by -56.5% against 2020. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 123%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, salicylic acid exports surged to $X in 2021. Over the period under review, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 92%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Canada (X tons) was the main destination for salicylic acid exports from the United States, with a 277% share of total exports. Moreover, salicylic acid exports to Canada exceeded the volume sent to the second major destination, Germany (X tons), sixfold. Mexico (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+70.9% per year) and Mexico (-12.8% per year).

In value terms, Canada ($X) remains the key foreign market for salicylic acid and its salts exports from the United States, comprising 62% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Mexico, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+80.2% per year) and Mexico (+1.4% per year).

Export Prices by Country

The average salicylic acid export price stood at $X per ton in 2021, surging by 214% against the previous year. Over the period under review, the export price showed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Salicylic Acid Imports

Imports into the U.S.

In 2021, supplies from abroad of salicylic acid and its salts increased by 7.9% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 14%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, salicylic acid imports rose remarkably to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.4% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 34% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), France (X tons) and Germany (X tons) were the main suppliers of salicylic acid imports to the United States, with a combined 90% share of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +99.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and France ($X) constituted the largest salicylic acid suppliers to the United States, together comprising 83% of total imports.

Among the main suppliers, France, with a CAGR of +93.8%, 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

In 2021, the average salicylic acid import price amounted to $X per ton, picking up by 6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2019 an increase of 18%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :