EU: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in the EU

For the third year in a row, the EU phosphoric acid market recorded growth in sales value, which increased by 31% to $X in 2022. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Phosphoric Acid Production in the EU

In value terms, phosphoric acid production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Phosphoric Acid Exports

Exports in the EU

In 2022, exports of phosphoric acid and polyphosphoric acids in the European Union amounted to X tons, growing by 4.3% on 2021. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 +83.2% against 2015 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 45%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, phosphoric acid exports skyrocketed to $X in 2022. Overall, exports enjoyed a temperate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) and the Netherlands (X tons) dominates exports structure, together constituting 76% of total exports. The Czech Republic (X tons) ranks next in terms of the total exports with a 7.4% share, followed by Finland (6.6%). Poland (X tons), Germany (X tons) and Spain (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +5.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2022, with a combined 84% share of total exports. Finland, Germany, Spain and the Czech Republic lagged somewhat behind, together accounting for a further 12%.

In terms of the main exporting countries, Germany, with a CAGR of +9.2%, 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 2022, the export price in the European Union amounted to $X per ton, picking up by 52% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphoric acid export price increased by +109.8% against 2017 indices. 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 origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.8%), while the other leaders experienced more modest paces of growth.

Phosphoric Acid Imports

Imports in the EU

In 2022, supplies from abroad of phosphoric acid and polyphosphoric acids increased by 6.5% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 8.5% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, phosphoric acid imports skyrocketed to $X in 2022. In general, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), the Netherlands (X tons), Spain (X tons), France (X tons), Germany (X tons) and Italy (X tons) represented roughly 91% of total imports in 2022. Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +5.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest phosphoric acid importing markets in the European Union were Belgium ($X), the Netherlands ($X) and Spain ($X), with a combined 54% share of total imports.

The Netherlands, with a CAGR of +7.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by 56% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphoric acid import price increased by +102.4% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Poland ($X per ton) and Italy ($X per ton), while Germany ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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