In 2023, Germany imported approximately 8.973 million kilograms of salicylic acid, O-acetylsalicylic acid, their salts, and esters. Looking forward, the import volume is expected to increase steadily from 2024 through 2028. The forecasted annual growth in import volume is modest, increasing year-on-year from 9.0186 million kilograms in 2024 to 9.1997 million kilograms by 2028. This corresponds to an average compound annual growth rate (CAGR) of about 0.5% over the five-year period.
Future trends to watch for include:
- Potential shifts in global supply chains due to economic or geopolitical factors that may impact import dynamics.
- Changes in regulatory environments affecting the pharmaceutical and chemical industries in Europe.
- Advances in alternative chemical formulations that could reduce demand for traditional salicylic acid and related compounds.
