Germany: Chlorosulphuric Acid Market 2024

Chlorosulphuric Acid Market Size in Germany

In 2022, the German chlorosulphuric acid market increased by 13% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption saw a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Chlorosulphuric Acid Production in Germany

In value terms, chlorosulphuric acid production stood at $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume decreased by 99.9%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Chlorosulphuric Acid Exports

Exports from Germany

In 2022, approx. X tons of chlorosulphuric acid were exported from Germany; falling by -48.2% on 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 329%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, chlorosulphuric acid exports contracted markedly to $X in 2022. Overall, exports, however, saw a modest increase. The pace of growth appeared the most rapid in 2018 when exports increased by 246% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Romania (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of chlorosulphuric acid exports from Germany, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +126.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) emerged as the key foreign market for chlorosulphuric acid exports from Germany, comprising 60% of total exports. The second position in the ranking was held by Belgium ($X), with a 27% share of total exports. It was followed by Spain, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania amounted to +120.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-0.9% per year) and Spain (+9.2% per year).

Export Prices by Country

The average chlorosulphuric acid export price stood at $X per ton in 2022, growing by 16% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 31%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Spain ($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 Italy (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Chlorosulphuric Acid Imports

Imports into Germany

In 2022, purchases abroad of chlorosulphuric acid increased by 1.7% to X tons, rising for the fifth consecutive year after two years of decline. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 68%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, chlorosulphuric acid imports contracted sharply to $X in 2022. Over the period under review, imports posted a moderate increase. The growth pace was the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of chlorosulphuric acid to Germany, with a 77% share of total imports. Moreover, chlorosulphuric acid imports from Poland exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), fourfold. Hungary (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +53.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-5.5% per year) and Hungary (+37.8% per year).

In value terms, the largest chlorosulphuric acid suppliers to Germany were Switzerland ($X), Poland ($X) and Hungary ($X), with a combined 97% share of total imports.

Poland, with a CAGR of +77.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average chlorosulphuric acid import price amounted to $X per ton, waning by -22.6% against the previous year. Over the period under review, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Switzerland ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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