Austria: Sodium Nitrate Market 2024

Sodium Nitrate Market Size in Austria

The Austrian sodium nitrate market soared to $X in 2022, picking up by 35% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.0% 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 +86.5% against 2018 indices. Sodium nitrate consumption peaked in 2022 and is expected to retain growth in the near future.

Sodium Nitrate Exports

Exports from Austria

For the third consecutive year, Austria recorded growth in overseas shipments of sodium nitrate, which increased by 116% to X tons in 2022. Over the period under review, exports saw measured growth. The growth pace was the most rapid in 2016 when exports increased by 1,054%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, sodium nitrate exports soared to $X in 2022. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 906%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Slovenia (X tons) was the main destination for sodium nitrate exports from Austria, with a 71% share of total exports. Moreover, sodium nitrate exports to Slovenia exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The third position in this ranking was held by Slovakia (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+100.3% per year) and Slovakia (+8.1% per year).

In value terms, Slovenia ($X) remains the key foreign market for sodium nitrate exports from Austria, comprising 67% of total exports. The second position in the ranking was held by Hungary ($X), with a 31% share of total exports. It was followed by Slovakia, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia amounted to +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+122.9% per year) and Slovakia (-7.1% per year).

Export Prices by Country

The average sodium nitrate export price stood at $X per ton in 2022, surging by 38% against the previous year. Overall, the export price continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2019 an increase of 118%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Slovakia ($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 Poland (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Nitrate Imports

Imports into Austria

In 2022, supplies from abroad of sodium nitrate increased by 5% to X tons, rising for the third year in a row after two years of decline. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.6% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 78% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sodium nitrate imports soared to $X in 2022. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 55%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of sodium nitrate to Austria, accounting for a 83% share of total imports. Moreover, sodium nitrate imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The Czech Republic (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.9% per year) and the Czech Republic (-9.6% per year).

In value terms, Germany ($X) constituted the largest supplier of sodium nitrate to Austria, comprising 83% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 4% share of total imports. It was followed by Poland, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-4.1% per year) and Poland (+19.1% per year).

Import Prices by Country

The average sodium nitrate import price stood at $X per ton in 2022, with an increase of 42% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium nitrate import price increased by +108.2% against 2017 indices. 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 Belgium ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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