Aspirin Price Trend and Forecast

Aspirin Regional Price Overview

Get the latest insights on price movement and trend analysis of Aspirin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Aspirin Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Aspirin Healthcare USA USD 137900/MT March 2024
Aspirin Healthcare Europe USD 137300/MT March 2024

Stay updated with the latest Aspirin prices, historical data, and tailored regional analysis


In the Asian aspirin market, the prices were observed to be fluctuating within a limited range for the entire period of Q1 of 2024. Aspirin is also called acetylsalicylic acid, as it is generally produced by acetylation of salicylic acid. During the first quarter of 2024, pharma companies, especially Indian companies, struggled with rising raw material and manufacturing costs. The energy, labor, and shipping prices all skyrocketed, elevating the overall incurring production costs for suppliers. APIs (Active Pharmaceutical Ingredients) also cost more since most of the APIs are imported. However, despite all this, the aspirin prices remained confined in the country.

Aspirin Price Chart

Aspirin Price Trends

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Aspirin is listed on the NLEM (National List Of Essential Medicines) in India. Thus, its prices are highly controlled by the NPPA (National Pharmaceutical Pricing Authority). NPPA allowed a marginal increase of about 0.00551% to MRPs of NLEM drugs including aspirin from April 2024 to satiate the situation, however, most big firms have denounced the rise as it doesn’t alter the WPI (Wholesale price index )at all. The government is reviewing the DPCO (Drug Price Control Order) to ease this pricing situation.


The European drug market is considered one of the most customer-friendly across the globe since the major part is covered by the public sector. The European aspirin market mimicked the changes in the Asian market during the first quarter of 2024. The prices were found wavering within a limited range. The German government has proposed a Medical Research Act (Medizinforschungsgesetz or MFG) that aims to introduce changes to pharmaceutical pricing and reimbursement regulations as part of the National Pharma Strategy.

One significant proposal involves allowing pharmaceutical companies to keep reimbursement prices confidential for new drugs, preventing them from being used as reference prices in other countries. Additionally, the Act seeks to eliminate consideration of drug prices in other European countries during German price negotiations and restrict the substitution of confidentially priced drugs with cheaper imports. These changes could impact international drug pricing dynamics and are currently undergoing public consultation before potential implementation in 2025.

North America

The American aspirin market could not behave any differently than its Asian and European counterparts. The price trend exhibited borderline buoyancy here as well. In the USA, the medicine firms have this tradition of raising the drug prices every January. Despite the nominal increases in list prices, the actual net prices, which account for rebates and discounts, have been on a downward trend for approximately six years.

The enactment of the American Rescue Plan Act in 2021 has resulted in unprecedented reductions in list prices for medications. These price adjustments align with ongoing endeavors in the capital aimed at tackling the issue of elevated drug expenses, including initiatives to grant Medicare negotiation authority and to restrict price hikes to inflationary levels.

Analyst Insight

According to Procurement Resource, not much change is anticipated in the Aspirin market prices in the coming months; market dynamics largely look stable for the coming quarter.

Aspirin Price Trend for the Q4 of 2023


In the Asian region, the market outlook was largely optimistic during the last three months of 2023. For aspirin (acetylsalicylic acid) the raw material costs rose as salicylic acid costs inched higher. The said period saw an increase in aspirin consumption and demand as the winter season called for higher flu and cold cases. In China, this rise in both upstream and downstream market dynamics pushed aspirin prices up. Since the manufacturing facilities were also observing fewer working days amidst the Christmas and New Year holiday seasons, there was also a little supply crunch in the market. Overall, the market sentiments were mostly positive throughout the said time.


Aspirin prices observed an inclination in the European markets as well during the last quarter of 2023. The rise in prices was majorly attributed to the increment in upstream costs. Other than the feedstock prices it was majorly the logistical crisis that upsurged aspirin prices in the European markets.

European ports were witnessing congestion as sailors in the Red Sea were facing frequent pirate attacks. European markets have been import-dependent since the war between Russia and Ukraine started. Domestic manufacturing had become unsustainably expensive for most sectors. Overall, an elevated price curve was observed for Aspirin in the European market.

North America

In the American aspirin market, the prices fluctuated throughout the entire span. Initially, the market began on a lower note as the bulked-up inventories were exerting pressure; however, soon, the prices started rebounding as the demands started going up again. The inventory support also started wavering. Overall, mixed market sentiments were observed.

Analyst Insight

According to Procurement Resource, Aspirin price trends are likely to fluctuate and vary in different regions. The drug market in most countries is highly regulated, so the policies will affect prices along with the market fundamentals.

Aspirin Price Trend for the Q3 of 2023


Aspirin witnessed fluctuating market dynamics in the Asian region during the third quarter of the year 2023. Demands from the pharmaceutical industry primarily influenced the changes in aspirin’s price graph. The supplies in the Chinese market were still struggling because of the incapacitation in production in recent years.

This void gave the price trend a good start at the beginning of the third quarter in July’23. However, the sliding cost support from the upstream situations because of constantly easing freight and processing rates pushed the aspirin prices back for some time in the middle of the quarter. It was stable demands that shifted the aspirin price momentum upwards by the end of the discussed period. Conclusively, a mixed-price behavior was observed in the said quarter for aspirin.


The European aspirin market trend closely followed the price analysis for the Asian region. The consumption from downstream food, beverage, agrochemical, and pharma industries drove these market trend. The regional prices first rose at the beginning of the quarter, then fell, and then again rose at the end of the quarter. Along with the downstream demands from the consuming sectors, economic inflation, and freight costs also guided these price trend.

North America

The American regional market could not behave any differently than the global aspirin market, and prices wavered throughout the said period. Dependency on Chinese manufacturing was also a big swaying factor. Overall, fluctuating price trend were observed.

Analyst Insight

According to Procurement Resource, the aspirin price trend are likely to continue fluctuating, given the current volatility in the market demands.

Aspirin Price Trend for First Half of 2023


The feedstock of aspirin faced a sharp fall in the first quarter of 2023, which depreciated the aspirin price trend. This reduction in price trend was a consequence of declining demand from the food, pharmaceutical, and healthcare industries.

China also struggled with weak rates of exports and struggling market activities after the pandemic. In addition to this, the slowdown of the global economy and strict monetary policy adopted by the governments to keep the market activities afloat had a negative impact on the aspirin price trend.


The price trend of aspirin suffered from low demand and the feeble condition of European aspirin markets. The rates of imports from the Asian countries also declined amid low demand, resulting in weak trading activities in the region. In addition to the overall fall in consumption of aspirin in the first and second quarters of 2023, the market also faced the adverse effects of high inflation and interest rates along with falling costs of energy, resulting in a consistent decline in aspirin prices.

North America

In the domestic market, the demand for aspirin declined in the first quarter of 2023, and with ample availability of aspirin in the region, the price trend of aspirin declined in North America. Additionally, the trading sentiments were also negatively affected by weak imports. Reduction in imports was also caused by the weak performance of the US dollar with respect to the Euro, and thus, aspirin prices faced southwards in the first two quarters of 2023.

Analyst Insight

According to Procurement Resource, the price trend of Aspirin is expected to fall in the upcoming quarters as the demand from end-users is declining along with weak global trading sentiments.

Procurement Resource provides latest prices of Aspirin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Aspirin

The scientific name of aspirin is acetylsalicylic acid that is widely used as an anti-pyretic. In addition to its anti-pyretic properties, aspiring also helps in reduction inflammation and in providing pain relief. It inhibits the production of prostaglandins, producing enzymes that cause inflammation. Aspirin also has blood thinning effects that help in preventing blood clots and thus aids in reducing risk of heart attacks and strokes. It is available in several formulations such as tablets, capsules, etc.

Aspirin Product Details

Report Features Details
Product Name Aspirin
Chemical formula C9H8O4
Industrial Uses Food and beverage industries, Pharmaceuticals and agrochemicals, Chemical synthesis, Analytical chemistry
CAS Number 50-78-2
Synonyms 2-Acetoxybenzoic acid
Molecular weight 180.158 g/mol
HS Code 30049062
Supplier Database Bayer, Novacap, Shiono Chemical Co, Chemische Fabrik Weyl Gmbh, Eli Lily and Co, Jqc Huayin Pharmaceutical Co Ltd
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Aspirin Production Processes

The production of aspirin is carried out using acetylation of salicylic acid using acetic anhydride in glass-lined vessels. The product of this reaction is a liquid which is crystallized and cooled. In subsequent steps, acetic acid and other solvents are removed and recycled. The final crystals are then washed, filtered, and dried to produce final aspirin.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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