Czech Republic: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in the Czech Republic

The Czech phosphoric acid market reduced to $X in 2022, dropping by -10.2% against the previous year. Overall, consumption saw a mild curtailment. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Phosphoric Acid Production in the Czech Republic

In value terms, phosphoric acid production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28% against the previous year. Phosphoric acid production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Phosphoric Acid Exports

Exports from the Czech Republic

In 2022, overseas shipments of phosphoric acid and polyphosphoric acids increased by 4.1% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted a temperate increase. The most prominent rate of growth was recorded in 2017 with an increase of 81%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, phosphoric acid exports declined notably to $X in 2022. Overall, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 72% against the previous year. The exports peaked at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Germany (X tons) was the main destination for phosphoric acid exports from the Czech Republic, accounting for a 60% share of total exports. Moreover, phosphoric acid exports to Germany exceeded the volume sent to the second major destination, France (X tons), sevenfold. Italy (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.0% per year) and Italy (-6.5% per year).

In value terms, Germany ($X) remains the key foreign market for phosphoric acid and polyphosphoric acids exports from the Czech Republic, comprising 46% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports. It was followed by Italy, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-16.8% per year) and Italy (-21.0% per year).

Export Prices by Country

The average phosphoric acid export price stood at $X per ton in 2022, with a decrease of -68.7% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 14% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Germany ($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 Austria (-7.2%), while the prices for the other major destinations experienced a decline.

Phosphoric Acid Imports

Imports into the Czech Republic

In 2022, overseas purchases of phosphoric acid and polyphosphoric acids decreased by -25.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2014 with an increase of 33%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

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

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of phosphoric acid to the Czech Republic, accounting for a 40% share of total imports. Moreover, phosphoric acid imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by China (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-13.4% per year) and China (+100.3% per year).

In value terms, Belgium ($X), China ($X) and Turkey ($X) were the largest phosphoric acid suppliers to the Czech Republic, with a combined 52% share of total imports.

Among the main suppliers, China, with a CAGR of +110.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average phosphoric acid import price stood at $X per ton in 2022, rising by 312% against the previous year. In general, the import price recorded a prominent increase. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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