Austria: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Austria

In 2022, the Austrian phosphoric acid market increased by 38% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +65.8% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Phosphoric Acid Exports

Exports from Austria

In 2022, overseas shipments of phosphoric acid and polyphosphoric acids decreased by -15.2% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, recorded measured growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,021%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, phosphoric acid exports surged to $X in 2022. Overall, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 315%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for phosphoric acid exports from Austria, with a 90% share of total exports. It was followed by Italy (X tons), with a 2.6% share of total exports. The third position in this ranking was taken by Slovenia (X tons), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+13.3% per year) and Slovenia (-21.1% per year).

In value terms, Germany ($X) remains the key foreign market for phosphoric acid and polyphosphoric acids exports from Austria, comprising 90% of total exports. The second position in the ranking was held by Slovenia ($X), with a 3% share of total exports. It was followed by Hungary, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-10.7% per year) and Hungary (+10.8% per year).

Export Prices by Country

The average phosphoric acid export price stood at $X per ton in 2022, surging by 144% against the previous year. In general, the export price posted prominent growth. As a result, the export price reached 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 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Italy ($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 Serbia (+54.3%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphoric Acid Imports

Imports into Austria

In 2022, phosphoric acid imports into Austria shrank to X tons, waning by -7.6% on the previous year's figure. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 36%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, phosphoric acid imports skyrocketed to $X in 2022. In general, imports, however, enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovenia (X tons), Germany (X tons) and Serbia (X tons) were the main suppliers of phosphoric acid imports to Austria, together accounting for 64% of total imports. Belgium, Poland, China, the Czech Republic and Switzerland lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +39.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of phosphoric acid and polyphosphoric acids to Austria, comprising 32% of total imports. The second position in the ranking was held by Slovenia ($X), with a 15% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+18.4% per year) and Belgium (+16.9% per year).

Import Prices by Country

The average phosphoric acid import price stood at $X per ton in 2022, with an increase of 113% against the previous year. In general, the import price showed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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