France: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in France

In 2022, the French sulphuric acid market increased by 20% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sulphuric Acid Production in France

In value terms, sulphuric acid production surged to $X in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +71.9% against 2020 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Sulphuric Acid Exports

Exports from France

In 2022, approx. X tons of sulphuric acid and oleum were exported from France; growing by 8.3% against the previous year's figure. Over the period under review, exports posted a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by 37% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, sulphuric acid exports skyrocketed to $X in 2022. In general, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for sulphuric acid exports from France, with a 80% share of total exports. Moreover, sulphuric acid exports to Belgium exceeded the volume sent to the second major destination, Spain (X tons), tenfold. The third position in this ranking was held by Germany (X tons), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+34.7% per year) and Germany (+13.3% per year).

In value terms, Germany ($X), Belgium ($X) and Italy ($X) constituted the largest markets for sulphuric acid exported from France worldwide, with a combined 73% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +33.0%, 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

The average sulphuric acid export price stood at $X per ton in 2022, surging by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 when the average export price increased by 42%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($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 Germany (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphuric Acid Imports

Imports into France

In 2022, sulphuric acid imports into France reduced modestly to X tons, falling by -3.4% on the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 39%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, sulphuric acid imports soared to $X in 2022. Overall, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 46%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and Spain (X tons) were the main suppliers of sulphuric acid imports to France, with a combined 85% share of total imports. Italy, Norway, Switzerland and the UK lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +14.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphuric acid suppliers to France were Belgium ($X), Germany ($X) and Spain ($X), together comprising 82% of total imports. The UK, Italy, Norway and Switzerland lagged somewhat behind, together accounting for a further 17%.

The UK, with a CAGR of +17.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sulphuric acid import price amounted to $X per ton, increasing by 34% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +140.6% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 46%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 the UK ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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