Czech Republic: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in the Czech Republic

The Czech nitric and sulphonitric acids market declined rapidly to $X in 2021, with a decrease of -23.8% against the previous year. In general, consumption recorded a perceptible slump. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Nitric Acid And Sulphonitric Acids in the Czech Republic

In value terms, nitric and sulphonitric acids production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 31%. Nitric and sulphonitric acids production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Nitric Acid And Sulphonitric Acids

Exports from the Czech Republic

In 2021, nitric and sulphonitric acids exports from the Czech Republic reduced to X tons, shrinking by -3.9% against the year before. In general, exports, however, saw a pronounced increase. The pace of growth was the most pronounced in 2020 when exports increased by 68% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, nitric and sulphonitric acids exports surged to $X in 2021. Over the period under review, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 51%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Poland (X tons) and Hungary (X tons) were the main destinations of nitric and sulphonitric acids exports from the Czech Republic, together accounting for 95% of total exports. These countries were followed by Slovakia, which accounted for a further 2.7%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +32.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nitric and sulphonitric acids exported from the Czech Republic were Germany ($X), Hungary ($X) and Poland ($X), together comprising 83% of total exports. These countries were followed by Slovakia, which accounted for a further 2.4%.

In terms of the main countries of destination, Slovakia, with a CAGR of +12.1%, 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

In 2021, the average nitric and sulphonitric acids export price amounted to $X per ton, growing by 22% against the previous year. Overall, the export price showed a relatively flat trend pattern. 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 export markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Germany ($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 (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nitric Acid And Sulphonitric Acids

Imports into the Czech Republic

In 2021, after two years of growth, there was significant decline in supplies from abroad of nitric acid and sulphonitric acids, when their volume decreased by -67% to X tons. In general, imports, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2017 with an increase of 563% against the previous year. Imports peaked at X tons in 2020, and then fell rapidly in the following year.

In value terms, nitric and sulphonitric acids imports contracted significantly to $X in 2021. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 429%. Imports peaked at $X in 2020, and then contracted markedly in the following year.

Imports by Country

In 2021, Slovakia (X tons) constituted the largest supplier of nitric and sulphonitric acids to the Czech Republic, accounting for a 65% share of total imports. Moreover, nitric and sulphonitric acids imports from Slovakia exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Slovakia amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+10.7% per year) and Poland (-3.8% per year).

In value terms, Slovakia ($X) constituted the largest supplier of nitric acid and sulphonitric acids to the Czech Republic, comprising 48% of total imports. The second position in the ranking was taken by Poland ($X), with a 13% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Slovakia amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.6% per year) and Germany (+0.2% per year).

Import Prices by Country

In 2021, the average nitric and sulphonitric acids import price amounted to $X per ton, with an increase of 56% against the previous year. In general, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 France ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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