France: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in France

The French nitric and sulphonitric acids market soared to $X in 2021, surging by 96% against the previous year. In general, consumption, however, saw a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Nitric Acid And Sulphonitric Acids in France

In value terms, nitric and sulphonitric acids production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt descent. Nitric and sulphonitric acids production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Nitric Acid And Sulphonitric Acids

Exports from France

Nitric and sulphonitric acids exports from France shrank to X tons in 2021, with a decrease of -7.4% against the year before. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 104%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, nitric and sulphonitric acids exports contracted slightly to $X in 2021. Overall, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -47.0% against 2016 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 98%. 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

Spain (X tons) was the main destination for nitric and sulphonitric acids exports from France, accounting for a 44% share of total exports. Moreover, nitric and sulphonitric acids exports to Spain exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-9.2% per year) and Germany (+5.8% per year).

In value terms, Germany ($X) remains the key foreign market for nitric acid and sulphonitric acids exports from France, comprising 38% of total exports. The second position in the ranking was held by Spain ($X), with an 18% share of total exports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+6.0% per year) and Italy (+3.5% per year).

Export Prices by Country

The average nitric and sulphonitric acids export price stood at $X per ton in 2021, surging by 7.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 22%. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Austria ($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 the Netherlands (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nitric Acid And Sulphonitric Acids

Imports into France

In 2021, approx. X tons of nitric acid and sulphonitric acids were imported into France; rising by 49% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, nitric and sulphonitric acids imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of nitric and sulphonitric acids imports to France, together accounting for 91% of total imports. Austria and Poland lagged somewhat behind, together accounting for a further 7.8%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +65.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest nitric and sulphonitric acids suppliers to France, together comprising 86% of total imports. Austria and Poland lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, Austria, with a CAGR of +61.2%, recorded the highest rates of growth with regard to 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

In 2021, the average nitric and sulphonitric acids import price amounted to $X per ton, picking up by 23% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 25%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for the Netherlands ($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 (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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