Austria: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Austria

In 2021, after three years of decline, there was significant growth in the Austrian nitric and sulphonitric acids market, when its value increased by 15% to $X. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Nitric and sulphonitric acids consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Nitric Acid And Sulphonitric Acids in Austria

In value terms, nitric and sulphonitric acids production soared to $X in 2021 estimated in export price. Overall, production posted noticeable growth. Nitric and sulphonitric acids production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Austria

In 2021, shipments abroad of nitric acid and sulphonitric acids decreased by 0% to X tons, falling for the third year in a row after five years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 51% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, nitric and sulphonitric acids exports stood at $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 46%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for nitric and sulphonitric acids exports from Austria, with a 63% share of total exports. Moreover, nitric and sulphonitric acids exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+47.9% per year) and Belgium (+6.1% per year).

In value terms, Germany ($X), France ($X) and Belgium ($X) constituted the largest markets for nitric and sulphonitric acids exported from Austria worldwide, with a combined 95% share of total exports. These countries were followed by Italy, which accounted for a further 1.9%.

Among the main countries of destination, Italy, with a CAGR of +44.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nitric and sulphonitric acids export price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the export price recorded a slight decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 8.7% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and France ($X per ton), while the average price for exports to Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Nitric Acid And Sulphonitric Acids

Imports into Austria

Nitric and sulphonitric acids imports into Austria fell slightly to X tons in 2021, standing approx. at 2020 figures. In general, imports recorded a mild downturn. The pace of growth appeared the most rapid in 2017 with an increase of 30%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, nitric and sulphonitric acids imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Slovakia (X tons) constituted the largest supplier of nitric and sulphonitric acids to Austria, accounting for a 69% share of total imports. Moreover, nitric and sulphonitric acids imports from Slovakia exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Slovenia (X tons), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from Slovakia amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.8% per year) and Slovenia (+30.1% per year).

In value terms, the largest nitric and sulphonitric acids suppliers to Austria were Germany ($X), Slovakia ($X) and Slovenia ($X), together accounting for 93% of total imports.

Among the main suppliers, Slovenia, with a CAGR of +27.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average nitric and sulphonitric acids import price amounted to $X per ton, picking up by 21% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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