Algeria: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Algeria

In 2022, the Algerian sulphuric acid market was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a significant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sulphuric Acid Exports

Exports from Algeria

In 2022, overseas shipments of sulphuric acid and oleum decreased by -0.2% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by 47%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, sulphuric acid exports contracted slightly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 14% against the previous year. The exports peaked at $X in 2021, and then reduced slightly in the following year.

Exports by Country

Spain (X tons), Tunisia (X tons) and Portugal (X tons) were the main destinations of sulphuric acid exports from Algeria, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) remains the key foreign market for sulphuric acid and oleum exports from Algeria, comprising 76% of total exports. The second position in the ranking was held by Portugal ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Tunisia amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-8.1% per year) and Spain (-13.3% per year).

Export Prices by Country

In 2022, the average sulphuric acid export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 4.7%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+0.4%), while the prices for the other major destinations experienced a decline.

Sulphuric Acid Imports

Imports into Algeria

In 2022, the amount of sulphuric acid and oleum imported into Algeria contracted to X tons, waning by -2.5% against the previous year. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 200%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sulphuric acid imports expanded to $X in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 194% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of sulphuric acid imports to Algeria, together accounting for 74% of total imports. Poland, Portugal, the Netherlands and Egypt lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +194.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of sulphuric acid and oleum to Algeria, comprising 45% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by Turkey, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.9% per year) and Turkey (+39.1% per year).

Import Prices by Country

The average sulphuric acid import price stood at $X per ton in 2022, with an increase of 6.7% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphuric acid import price decreased by -11.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 38%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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