Germany: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Germany

In 2021, the German nitric and sulphonitric acids market increased by 19% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a perceptible contraction. Nitric and sulphonitric acids consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Nitric Acid And Sulphonitric Acids in Germany

In value terms, nitric and sulphonitric acids production stood at $X in 2021 estimated in export price. In general, production, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. Nitric and sulphonitric acids production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Germany

In 2021, nitric and sulphonitric acids exports from Germany surged to X tons, with an increase of 71% against the previous year. Over the period under review, exports saw a pronounced expansion. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, nitric and sulphonitric acids exports surged to $X in 2021. In general, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.8% against 2017 indices. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for nitric and sulphonitric acids exports from Germany, with a 54% share of total exports. Moreover, nitric and sulphonitric acids exports to Belgium exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.6% per year) and the Netherlands (-0.7% per year).

In value terms, the largest markets for nitric and sulphonitric acids exported from Germany were Belgium ($X), France ($X) and Switzerland ($X), together accounting for 71% of total exports.

In terms of the main countries of destination, Switzerland, with a CAGR of +16.9%, saw the highest rates of growth with regard to 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 2021, the average nitric and sulphonitric acids export price amounted to $X per ton, increasing by 2.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 14%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($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 Denmark (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nitric Acid And Sulphonitric Acids

Imports into Germany

In 2021, overseas purchases of nitric acid and sulphonitric acids increased by 67% to X tons, rising for the third year in a row after two years of decline. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 83%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, nitric and sulphonitric acids imports skyrocketed to $X in 2021. Over the period under review, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of nitric and sulphonitric acids to Germany, with a 72% share of total imports. Moreover, nitric and sulphonitric acids imports from Belgium exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), sevenfold. The third position in this ranking was held by Austria (X tons), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+6.6% per year) and Austria (+5.9% per year).

In value terms, Belgium ($X) constituted the largest supplier of nitric acid and sulphonitric acids to Germany, comprising 69% of total imports. The second position in the ranking was taken by France ($X), with an 8% share of total imports. It was followed by Austria, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.6% per year) and Austria (+7.1% per year).

Import Prices by Country

In 2021, the average nitric and sulphonitric acids import price amounted to $X per ton, increasing by 27% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Denmark ($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 (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :