Austria: Thiosulphates Market 2024

Thiosulphates Market Size in Austria

After two years of growth, the Austrian thiosulphates market decreased by -26.7% to $X in 2021. Overall, consumption showed a mild shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Thiosulphates Exports

Exports from Austria

In 2021, exports of thiosulphates from Austria surged to X tons, picking up by 133% compared with the previous year. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 299% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, thiosulphates exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 229%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Hungary (X tons) was the main destination for thiosulphates exports from Austria, with a 50% share of total exports. Moreover, thiosulphates exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. The third position in this ranking was held by Slovakia (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary totaled +59.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+14.5% per year) and Slovakia (+114.8% per year).

In value terms, Hungary ($X), Slovakia ($X) and the Czech Republic ($X) constituted the largest markets for thiosulphates exported from Austria worldwide, together accounting for 61% of total exports.

Among the main countries of destination, Slovakia, with a CAGR of +107.6%, saw the highest rates of growth with regard to 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

In 2021, the average thiosulphates export price amounted to $X per ton, falling by -33.1% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 114%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+58.0%), while the prices for the other major destinations experienced mixed trend patterns.

Thiosulphates Imports

Imports into Austria

In 2021, after two years of growth, there was decline in supplies from abroad of thiosulphates, when their volume decreased by -0.4% to X tons. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 96% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, thiosulphates imports dropped to $X in 2021. Over the period under review, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 61%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) was the main thiosulphates supplier to Austria, accounting for a 95% share of total imports. It was followed by Belgium (X tons), with a 3.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+16.1% per year) and Italy (-39.5% per year).

In value terms, Germany ($X) constituted the largest supplier of thiosulphates to Austria, comprising 79% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+16.3% per year) and Italy (-46.6% per year).

Import Prices by Country

In 2021, the average thiosulphates import price amounted to $X per ton, falling by -6.1% against the previous year. Over the period under review, the import price recorded a perceptible descent. The growth pace was the most rapid in 2015 an increase of 73% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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