Czech Republic: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in the Czech Republic

The Czech sulphuric acid market skyrocketed to $X in 2022, surging by 63% against the previous year. Over the period under review, consumption continues to indicate a buoyant increase. Sulphuric acid consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Sulphuric Acid Production in the Czech Republic

In value terms, sulphuric acid production soared to $X in 2022 estimated in export price. In general, production, however, showed prominent growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 109%. Sulphuric acid production peaked in 2022 and is likely to see steady growth in years to come.

Sulphuric Acid Exports

Exports from the Czech Republic

In 2022, the amount of sulphuric acid and oleum exported from the Czech Republic expanded slightly to X tons, increasing by 2.2% on 2021. In general, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 50% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sulphuric acid exports surged to $X in 2022. Over the period under review, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Poland (X tons) and Slovakia (X tons) were the main destinations of sulphuric acid exports from the Czech Republic, together comprising 82% of total exports. Austria, Slovenia and Romania lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +253.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Slovakia ($X) constituted the largest markets for sulphuric acid exported from the Czech Republic worldwide, with a combined 82% share of total exports. Austria, Romania and Slovenia lagged somewhat behind, together comprising a further 15%.

In terms of the main countries of destination, Slovenia, with a CAGR of +293.6%, recorded 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

The average sulphuric acid export price stood at $X per ton in 2022, with an increase of 74% against the previous year. Overall, the export price showed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Austria ($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 Slovenia (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphuric Acid Imports

Imports into the Czech Republic

In 2022, imports of sulphuric acid and oleum into the Czech Republic soared to X tons, rising by 27% compared with 2021. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 179%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, sulphuric acid imports soared to $X in 2022. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 223% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest sulphuric acid supplier to the Czech Republic, with a 83% share of total imports. Moreover, sulphuric acid imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.0% per year) and Austria (+6.2% per year).

In value terms, Poland ($X) constituted the largest supplier of sulphuric acid and oleum to the Czech Republic, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.7% per year) and Austria (+17.4% per year).

Import Prices by Country

In 2022, the average sulphuric acid import price amounted to $X per ton, increasing by 18% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphuric acid import price increased by +93.9% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 29%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :